Michael Milotich - 01 Dec 2025 Form 4 Insider Report for Marqeta, Inc. (MQ)

Reporting relationship: Chief Executive Officer and Chief Financial Officer, Director
Issuer ticker: MQ
Reported as of: 01 Dec 2025
Net transaction value: -$675,765
SEC form: 4
Accepted by SEC: 03 Dec 2025, 17:37:44 UTC
Prior SEC filing: 17 Sep 2025
Next SEC filing: 04 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Tracy Foard, Attorney-in-Fact

Key filing fact

Michael Milotich filed Form 4 for Marqeta, Inc. (MQ) on 03 Dec 2025.

Key facts

This page summarizes Michael Milotich's Form 4 filing for Marqeta, Inc. (MQ).
24 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 03 Dec 2025, 17:37.

Change

Previous filing in this sequence was filed on 17 Sep 2025.
Current net transaction value: -$675,765.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001913038 Primary reporting owner

Milotich Michael

Relationship: Chief Executive Officer and Chief Financial Officer, Director
Address: 180 GRAND AVENUE, 6TH FLOOR, OAKLAND
Signature: /s/ Tracy Foard, Attorney-in-Fact
Signature date: 03 Dec 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MQ transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +28,670
Change %: +3.7%
Price: $0.000000
Shares after: 805,103
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F1

MQ transaction

Class A Common Stock

Tax liability

Transaction value: $74,268
Shares: -15,685
Change %: -1.9%
Price: $4.74
Shares after: 789,418
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F2

MQ transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +25,406
Change %: +3.2%
Price: $0.000000
Shares after: 814,824
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F1

MQ transaction

Class A Common Stock

Tax liability

Transaction value: $65,816
Shares: -13,900
Change %: -1.7%
Price: $4.74
Shares after: 800,924
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F2

MQ transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +23,755
Change %: +3%
Price: $0.000000
Shares after: 824,679
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F1

MQ transaction

Class A Common Stock

Tax liability

Transaction value: $61,536
Shares: -12,996
Change %: -1.6%
Price: $4.74
Shares after: 811,683
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F2

MQ transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +49,759
Change %: +6.1%
Price: $0.000000
Shares after: 861,442
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F1

MQ transaction

Class A Common Stock

Tax liability

Transaction value: $128,901
Shares: -27,223
Change %: -3.2%
Price: $4.74
Shares after: 834,219
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F2

MQ transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +41,836
Change %: +5%
Price: $0.000000
Shares after: 876,055
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F1

MQ transaction

Class A Common Stock

Tax liability

Transaction value: $108,375
Shares: -22,888
Change %: -2.6%
Price: $4.74
Shares after: 853,167
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F2

MQ transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +68,105
Change %: +8%
Price: $0.000000
Shares after: 921,272
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F1

MQ transaction

Class A Common Stock

Tax liability

Transaction value: $176,421
Shares: -37,259
Change %: -4%
Price: $4.74
Shares after: 884,013
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F2

MQ transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +14,747
Change %: +1.7%
Price: $0.000000
Shares after: 898,760
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F1, F3

MQ transaction

Class A Common Stock

Tax liability

Transaction value: $39,054
Shares: -8,248
Change %: -0.92%
Price: $4.74
Shares after: 890,512
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F2

MQ transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +8,258
Change %: +0.93%
Price: $0.000000
Shares after: 898,770
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F1, F4

MQ transaction

Class A Common Stock

Tax liability

Transaction value: $21,393
Shares: -4,518
Change %: -0.5%
Price: $4.74
Shares after: 894,252
Date: 01 Dec 2025
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -28,670
Change %: -50%
Price: $0.000000
Shares after: 28,670
Date: 01 Dec 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 28,670
Exercise price
Footnotes: F1, F5, F6

MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -25,406
Change %: -50%
Price: $0.000000
Shares after: 25,407
Date: 01 Dec 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 25,406
Exercise price
Footnotes: F1, F5, F6

MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -23,755
Change %: -50%
Price: $0.000000
Shares after: 23,756
Date: 01 Dec 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 23,755
Exercise price
Footnotes: F1, F5, F7

MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -49,759
Change %: -17%
Price: $0.000000
Shares after: 248,796
Date: 01 Dec 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 49,759
Exercise price
Footnotes: F1, F5, F8

MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -41,836
Change %: -10%
Price: $0.000000
Shares after: 376,530
Date: 01 Dec 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 41,836
Exercise price
Footnotes: F1, F5, F9

MQ transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -68,105
Change %: -8.3%
Price: $0.000000
Shares after: 749,155
Date: 01 Dec 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 68,105
Exercise price
Footnotes: F1, F5, F10

MQ transaction Derivative

Performance Stock Units (Gross Profit)

Options Exercise

Transaction value: $0
Shares: -14,927
Change %: -6.2%
Price: $0.000000
Shares after: 225,250
Date: 01 Dec 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 14,927
Exercise price
Footnotes: F1, F5, F11, F12

MQ transaction Derivative

Performance Stock Units (Adjusted EBITDA)

Options Exercise

Transaction value: $0
Shares: -6,397
Change %: -6.2%
Price: $0.000000
Shares after: 96,536
Date: 01 Dec 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 6,397
Exercise price
Footnotes: F1, F5, F11, F13

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 13 footnotes

Footnote F1

Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.

Footnote F2

Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act.

Footnote F3

Represents the vesting of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024, and includes 180 fewer shares acquired for performance at less than 100%.

Footnote F4

Represents the vesting of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024, and includes 1,861 additional shares acquired for performance at more than 100%.

Footnote F5

Each restricted stock unit is convertible into one share of Class A Common Stock.

Footnote F6

One-fourth (1/4th) of the restricted stock units vested on March 1, 2023, and one-sixteenth (1/16th) of the restricted stock units vest on each June 1, September 1, December 1, and March 1 thereafter until fully vested, subject to the Reporting Person's continued service with the Issuer as of each vesting date.

Footnote F7

One-twelfth (1/12th) of the restricted stock units vested on March 1, 2023, and one-twelfth (1/12th) of the restricted stock units vest on each June 1, September 1, December 1, and March 1 thereafter until fully vested, subject to the Reporting Person's continued service with the Issuer as of each vesting date.

Footnote F8

One-twelfth (1/12th) of the restricted stock units vested on June 1, 2024, and one-twelfth (1/12th) of the restricted stock units vest on each September 1, December 1, March 1 and June 1 thereafter until fully vested, subject to the Reporting Person's continued service with the Issuer as of each vesting date.

Footnote F9

One-twelfth (1/12th) of the restricted stock units vested on June 1, 2025 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each September 1, December 1, March 1 and June 1 thereafter until fully vested, subject to the Reporting Person's continued service to the Issuer as of each vesting date.

Footnote F10

One-twelfth (1/12th) of the restricted stock units vest on December 1, 2025 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each March 1, June 1, September 1, and December 1 thereafter until fully vested, subject to the Reporting Person's continued service to the Issuer as of each vesting date.

Footnote F11

Represents the disposition of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024.

Footnote F12

Represents the number of shares which may be issued at target under the performance stock unit ("PSU") over a period of time following achievement of certain profit targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the target number of shares would vest.

Footnote F13

Represents the number of shares which may be issued at target under the PSU over a period of time following achievement of certain adjusted EBITDA targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the target number of shares would vest.

SEC remarks

Chief Executive Officer and Chief Financial Officer