Form 4 for MQ Marqeta, Inc.
Accepted 2023-12-05 00:00:00 ET · period of report 2023-12-01 · accession 0001865112-23-000013 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-12-05 | 2023-12-01 | MQ | Kern Randall F. | See Remarks | F - Tax | $6.37 | -21.0K | 27.4K | -43% | -$134.0K |
| DM | 2023-12-05 | 2023-12-01+ | MQ | Kern Randall F. | See Remarks | M - OptEx | $1.42 | +74.4K | 8,851 | New | +$105.6K |
| DM | 2023-12-05 | 2023-12-04 | MQ | Kern Randall F. | See Remarks | S - Sale+OE | $6.23 | -53.4K | 0 | -100% | -$332.5K |
| DM | 2023-12-05 | 2023-12-01+ | MQ | Kern Randall F. | See Remarks | M - OptEx | $0.00 | -74.4K | 356.3K | -17% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-12-01 | F | D | 3,061 | $6.37 | 5,790 | D | — | — | (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. |
| 2 | Common | Class A Common Stock | 2023-12-01 | M | A | 39,592 | $0.00 | 45,382 | D | — | — | (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. |
| 3 | Common | Class A Common Stock | 2023-12-01 | F | D | 17,973 | $6.37 | 27,409 | D | — | — | (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. |
| 4 | Common | Class A Common Stock | 2023-12-04 | M | A | 25,958 | $4.07 | 53,367 | D | — | — | |
| 5 | Common | Class A Common Stock | 2023-12-04 | S | D | 25,958 | $6.23 | 27,409 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.175 to $6.28, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. |
| 6 | Common | Class A Common Stock | 2023-12-01 | M | A | 8,851 | $0.00 | 8,851 | D | — | — | (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. |
| 7 | Common | Class A Common Stock | 2023-12-04 | S | D | 27,409 | $6.23 | 0 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.175 to $6.28, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. |
| 8 | Derivative | Restricted Stock Units | 2023-12-01 | M | D | 8,851 | $0.00 | 70,807 | D | — · — to — | 8,851 Class A Common Stock | (F4) Each restricted stock unit is convertible into one share of Class A Common Stock. (F5) One-sixteenth (1/16th) of the restricted stock units vested on March 21, 2022, and an additional one-sixteenth (1/16th) of the restricted stock units vest on each June 1, September 1, December 1, and March 1 thereafter, subject to the Reporting Person's continued service with the Issuer as of each vesting date. |
| 9 | Derivative | Stock Option (Right to Buy) | 2023-12-04 | M | D | 25,958 | $0.00 | 726,814 | D | $4.07 · — to 2033-03-14 | 25,958 Class A Common Stock | (F7) One-thirty-sixth (1/36th) of the stock option vested on April 15, 2023, and an additional one-thirty-sixth (1/36th) of the stock option vests on the 15th of each month thereafter, subject to the Reporting Person's continued service with the Issuer as of each vesting date. |
| 10 | Derivative | Restricted Stock Units | 2023-12-01 | M | D | 39,592 | $0.00 | 356,328 | D | — · — to — | 39,592 Class A Common Stock | (F4) Each restricted stock unit is convertible into one share of Class A Common Stock. (F6) One-twelfth (1/12th) of the restricted stock units vest on June 1, 2023, and an additional one-twelfth (1/12th) of the restricted stock units vest on each September 1, December 1, March 1 and June 1 thereafter, subject to the Reporting Person's continued service with the Issuer as of each vesting date. |