Form 4: Marqeta CFO Michael Milotich Reports Stock Transactions

Chief Financial Officer of Marqeta, Michael Milotich, reports the vesting and subsequent tax withholding of Class A Common Stock.

Summary

• Michael Milotich, CFO of Marqeta, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• The reported transactions involve the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax obligations.
• On June 3, 2024, Milotich vested RSUs which converted into Class A Common Stock.
• A portion of the vested shares was withheld by Marqeta to satisfy tax withholding requirements at a price of $5.44 per share.
• Following these transactions, Milotich directly owns 380,363 shares of Class A Common Stock.
• Milotich also holds 547,350 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.

Key Dates