Form 4: Marqeta Director Converts Class B to Class A Shares

Marqeta Director and 10% owner Jason M. Gardner converted 320,000 Class B Common Stock shares into Class A Common Stock, held indirectly through trusts.

Summary

• Jason M. Gardner, a Director and 10% owner of Marqeta, Inc. (MQ), reported a change in beneficial ownership.
• On September 12, 2025, Gardner converted 320,000 shares of Class B Common Stock into 320,000 shares of Class A Common Stock.
• The transaction was exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-6(b).
• Following the transaction, Gardner indirectly beneficially owns 320,000 shares of Class A Common Stock through trusts for his children, though he disclaims beneficial ownership of these shares.
• Additionally, Gardner indirectly beneficially owns 14,977,373 shares of Class A Common Stock through The Gardner 2008 Living Trust.
• He also indirectly beneficially owns 7,680,000 shares of Class B Common Stock through trusts for his children, disclaiming beneficial ownership of these shares.
• Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder or upon other events as per the Issuer's Certificate of Incorporation.

Sentiment

Score: 5

Explanation: Neutral, as this Form 4 reports a routine insider conversion of Class B to Class A common stock, which does not inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard insider transaction report and does not provide information relevant to broader industry trends or competitor analysis.

Related Party Transactions

• Indirect beneficial ownership of 320,000 Class A Common Stock and 7,680,000 Class B Common Stock through trusts for the Reporting Person's children, with beneficial ownership disclaimed.
• Indirect beneficial ownership of 14,977,373 Class A Common Stock through The Gardner 2008 Living Trust, where Jason Gardner and Jocelyne Gardner serve as trustees.

Stakeholder Impact

• Minimal direct impact on shareholders, as this transaction is a conversion of existing shares by an insider and does not alter the total number of outstanding shares or the company's capital structure.
• No immediate impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

Marqeta, MQ, Insider Transaction, Form 4, Stock Conversion, Jason Gardner, Beneficial Ownership, Class A Common Stock, Class B Common Stock