Form 4: Marqeta Executive Chairman Jason Gardner Reports Changes in Beneficial Ownership

Jason Gardner, Executive Chairman of Marqeta, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock due to a conversion of Class B Common Stock to Class A Common Stock.

Summary

• On May 6, 2024, Jason Gardner, the Executive Chairman of Marqeta, Inc., reported changes in his beneficial ownership of the company's stock.
• The filing indicates a conversion of 17,710,000 shares of Class B Common Stock into Class A Common Stock.
• Following the transaction, Gardner directly owns 1,255,730 shares of Class A Common Stock and indirectly owns 19,425,479 shares through various trusts.
• The filing also includes shares held by the spouse of the Reporting Person, shares held directly by the Jason Gardner 2022 GRAT and the Jocelyne Gardner 2022 GRAT, and shares held of record by trusts for the benefit of the Reporting Person's children.

Sentiment

Score: 5

Explanation: This is a neutral filing reflecting standard insider transactions. It doesn't inherently indicate 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 conversion of Class B to Class A shares could have a minor impact on the overall share structure, but is unlikely to significantly affect stakeholders.

Key Dates