Form 4: Marqeta Director Srikiran Prasad Reports Stock Transactions

Director Srikiran Prasad reports the vesting and conversion of restricted stock units into Class A Common Stock of Marqeta, Inc.

Summary

• On September 14, 2024, Srikiran Prasad, a director of Marqeta, Inc., reported transactions involving Class A Common Stock.
• Prasad acquired 15,903 shares of Class A Common Stock through the vesting of restricted stock units.
• These restricted stock units were converted into shares of Class A Common Stock.
• Following the transaction, Prasad directly owns 72,047 shares of Class A Common Stock.
• The reported transactions are exempt from Section 16(b) of the Securities Exchange Act of 1934 per Rule 16b-6(b).
• One-third of the restricted stock units vested on each of September 14, 2023, September 14, 2024, and will vest on September 14, 2025, contingent upon continued service with Marqeta.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects routine insider transactions related to compensation.

Positives

• The vesting of restricted stock units indicates a continued alignment of the director's interests with the company's performance.

Future Outlook

The remaining restricted stock units will vest on September 14, 2025, subject to the Reporting Person's continued service with the Issuer.

Industry Context

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

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates