Form 4: Marqeta Executive Randall F. Kern Reports Stock Transactions
SEC Form 4 Filing
Randall F. Kern, Chief Product and Technology Officer at Marqeta, Inc., reports the vesting and subsequent tax withholding of Class A Common Stock related to restricted stock units.
Summary
- On March 1, 2024, Randall F. Kern, Chief Product and Technology Officer of Marqeta, Inc., engaged in transactions involving Class A Common Stock.
- These transactions included the vesting of restricted stock units (RSUs) and the subsequent withholding of shares by the issuer to cover tax obligations.
- Specifically, 8,851 and 39,592 restricted stock units vested, converting into an equivalent number of Class A Common Stock shares.
- The issuer withheld 3,159 and 14,127 shares, respectively, at a price of $6.4 per share to satisfy tax withholding requirements.
- Following these transactions, Kern directly owns 31,157 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It reflects standard compensation practices involving stock-based awards.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider activity related to compensation.
Key Dates
| Date | Description |
|---|---|
| 03/21/2022 | One-sixteenth (1/16th) of the restricted stock units vested. |
| 06/01/2023 | One-twelfth (1/12th) of the restricted stock units vested. |
| 03/01/2024 | Date of the reported stock transactions, including vesting of RSUs and tax withholding. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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