Michael Milotich - 21 May 2022 Form 4 Insider Report for Marqeta, Inc. (MQ)

Role
Chief Financial Officer
Signature
/s/ Tracy Foard, Attorney-in-Fact
Issuer symbol
MQ
Transactions as of
21 May 2022
Net transactions value
$0
Form type
4
Filing time
24 May 2022, 17:44:29 UTC
Previous filing
17 Mar 2022
Next filing
03 Mar 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MQ Restricted Stock Units Award $0 +406,504 $0.000000 406,504 21 May 2022 Class A Common Stock 406,504 Direct F1, F2
transaction MQ Stock Option (Right to Buy) Award $0 +686,718 $0.000000 686,718 21 May 2022 Class A Common Stock 686,718 $9.84 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is convertible into one share of Class A Common Stock.
F2 Twenty-five percent (25%) of the restricted stock units vest on March 1, 2023 and 1/16th of the remaining restricted stock units vest quarterly on each June 1, September 1, December 1, and March 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
F3 Twenty-five percent (25%) of the shares subject to the stock option vests on February 22, 2023, and the remaining shares subject to the option vest in equal monthly installments over the three years thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date.