SCHEDULE 13G/A: Granite Ventures II and Affiliates Update Passive Stake in Marqeta, Inc. Class A Common Stock
Beneficial Ownership Report
Granite Ventures II, L.P., along with its general partner Granite Management II, LLC and managing directors, filed an Amendment No. 5 to their Schedule 13G, updating their beneficial ownership in Marqeta, Inc.'s Class A common stock.
Summary
- Granite Ventures II, L.P. (GV II) and Granite Management II, LLC (GM II) each beneficially own 17,827,878 shares of Marqeta, Inc. Class A common stock, representing 3.8% of the outstanding shares.
- Christopher McKay beneficially owns 19,266,337 shares, representing 4.1% of the outstanding shares. This includes shares held by GV II, 1,233,231 shares held by the McKay Family Trust, and 205,228 shares held in trusts for his children.
- Standish O'Grady beneficially owns 19,409,141 shares, representing 4.1% of the outstanding shares. This includes shares held by GV II and 1,581,263 shares held by The O'Grady Revocable Trust.
- Jacqueline Berterretche beneficially owns 18,556,904 shares, representing 3.9% of the outstanding shares. This includes shares held by GV II and 729,026 shares held by the Dominic & Jacqueline Berterretche Rev SURV TR.
- The beneficial ownership percentages are calculated based on 471,026,371 shares of Class A Common Stock outstanding as of February 21, 2025, as reported in Marqeta's Annual Report on Form 10-K filed on February 26, 2025.
- This filing is Amendment No. 5 to the initial Schedule 13G filed on February 11, 2022, and is jointly filed by GV II, GM II, Standish O'Grady, Jacqueline Berterretche, and Christopher McKay.
Sentiment
Score: 5
Explanation: This document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
NA
Industry Context
This Schedule 13G filing provides an update on the passive investment stake held by Granite Ventures II, L.P. and its affiliates in Marqeta, Inc., a company operating in the financial technology (fintech) sector, specifically in modern card issuing and payment processing. Such filings are standard disclosures for significant passive ownership stakes and do not inherently reflect broader industry trends beyond the continued investment interest in fintech companies.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant passive ownership stakes, which can influence perceptions of institutional interest and stability.
Key Dates
| Date | Description |
|---|---|
| 2009-05-22 | Date of The O'Grady Revocable Trust agreement, under which Standish O'Grady holds shares. |
| 2020-08-12 | Date of the McKay Family Trust agreement, under which Christopher McKay holds shares. |
| 2022-02-11 | Initial Schedule 13G filing date by the Reporting Persons. |
| 2023-01-25 | Filing date of Amendment No. 1 to the Schedule 13G. |
| 2023-04-14 | Filing date of Amendment No. 2 to the Schedule 13G. |
| 2024-01-11 | Filing date of Amendment No. 3 to the Schedule 13G. |
| 2024-11-27 | Filing date of Amendment No. 4 to the Schedule 13G. |
| 2025-02-21 | Date as of which 471,026,371 shares of Marqeta's Class A Common Stock were outstanding, as reported in the Issuer's Form 10-K. |
| 2025-02-26 | Date Marqeta, Inc.'s Annual Report on Form 10-K was filed with the Securities and Exchange Commission. |
| 2025-02-27 | Date of the event which required the filing of this Schedule 13G Amendment No. 5. |
| 2025-04-02 | Filing date of this Schedule 13G Amendment No. 5. |
Keywords
Marqeta Inc., MQ, Granite Ventures II L.P., Granite Management II LLC, Christopher McKay, Standish O'Grady, Jacqueline Berterretche, Schedule 13G, Beneficial Ownership, SEC Filing, Class A Common Stock, Institutional Ownership
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