Simon Khalaf - 15 Mar 2024 Form 4 Insider Report for Marqeta, Inc. (MQ)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
19 Mar 2024, 17:35:50 UTC
Prior SEC filing
05 Mar 2024
Next SEC filing
05 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Tracy Foard, Attorney-in-Fact

Key filing fact

Simon Khalaf filed Form 4 for Marqeta, Inc. (MQ) on 19 Mar 2024.

Key facts

  • This page summarizes Simon Khalaf's Form 4 filing for Marqeta, Inc. (MQ).
  • 3 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 19 Mar 2024, 17:35.

Change

  • Previous filing in this sequence was filed on 05 Mar 2024.
  • Current net transaction value: $0.

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

Reported derivative securities

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

MQ transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+1,216,333
Change %
Price
$0.000000
Shares after
1,216,333
Date
15 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,216,333
Exercise price
Footnotes
F1, F2
MQ transaction Derivative

Performance Stock Units (Gross Profit)

Award

Transaction value
$0
Shares
+364,899
Change %
Price
$0.000000
Shares after
364,899
Date
15 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
364,899
Exercise price
Footnotes
F3, F4
MQ transaction Derivative

Performance Stock Units (Adjusted EBITDA)

Award

Transaction value
$0
Shares
+156,386
Change %
Price
$0.000000
Shares after
156,386
Date
15 Mar 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
156,386
Exercise price
Footnotes
F3, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

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

Footnote F2

One-twelfth (1/12th) of the restricted stock units vest on June 1, 2024 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, subject to the Reporting Person's continued service to the Issuer as of each vesting date.

Footnote F3

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

Footnote F4

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 shares would vest.

Footnote F5

Represents the number of shares which may be issued at target under the PSU over a period of time following achievement of certain 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 shares would vest.

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