Form 4: Marqeta Executive Crystal Sumner Reports Stock Transactions
SEC Form 4 Filing
Crystal Sumner, a Marqeta executive, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On June 3, 2024, Crystal Sumner, Chief Administrative Officer and Corporate Secretary of Marqeta, Inc., reported transactions involving Class A Common Stock.
- These transactions included the vesting of 27,318 and 36,858 restricted stock units, which converted into Class A Common Stock.
- A portion of the shares were withheld by Marqeta to cover tax obligations at a price of $5.44 per share.
- Following these transactions, Sumner directly owns 97,826 shares of Class A Common Stock and holds 405,445 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of the reported transactions (vesting of restricted stock units and tax withholding). |
| 06/05/2024 | Date of signature on the Form 4 filing. |
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