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

Jason Gardner, Executive Chairman of Marqeta, Inc., reports changes in beneficial ownership of Class A and Class B Common Stock due to conversions.

Summary

• On March 14, 2024, Jason Gardner, the Executive Chairman of Marqeta, Inc., reported changes in his beneficial ownership of the company's stock.
• These changes involve the conversion of Class B Common Stock into Class A Common Stock.
• Gardner directly owns 1,255,730 shares of Class A Common Stock and indirectly owns shares through various trusts and his spouse.
• The reported transactions do not involve any monetary exchange, as the price per share is listed as $0.
• The total number of Class A Common Stock shares held indirectly by The Gardner 2008 Living Trust is 37,135,479.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting a change in beneficial ownership due to stock conversion. 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 shareholders due to the change in voting rights associated with the different classes of stock.

Key Dates