Form 4: Marqeta CFO Michael Milotich Reports Stock Transactions

Chief Financial Officer of Marqeta, Michael Milotich, reports the vesting and subsequent tax withholding of restricted stock units.

Summary

• Michael Milotich, CFO of Marqeta, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• The transactions occurred on March 1, 2024.
• Milotich acquired shares through the vesting of restricted stock units (RSUs).
• A portion of the shares were then withheld by Marqeta to cover tax obligations related to the RSU vesting.
• Specifically, 28,669, 25,407 and 23,755 Class A Common Stock were acquired through vesting of Restricted Stock Units.
• 10,230, 9,066 and 8,476 shares were disposed of to cover tax obligations at a price of $6.4.
• Following these transactions, Milotich directly owns 309,288 shares of Class A Common Stock and 190,042 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate any specific positive or negative sentiment.

Industry Context

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

Comparison to Industry Standards

• Form 4 filings are standard practice and are required by the SEC for company insiders.
• The vesting schedules described are typical for RSU grants.

Key Dates