Form 4: Marqeta's Chief Revenue Officer, Todd Pollak, Reports Changes in Beneficial Ownership

Todd Pollak, Chief Revenue Officer of Marqeta, Inc., reports changes in beneficial ownership of Class A Common Stock and Restricted Stock Units due to vesting and tax withholding.

Summary

• On March 1, 2025, Todd Pollak, the Chief Revenue Officer of Marqeta, Inc., filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's securities.
• The transactions included the vesting of restricted stock units (RSUs) and performance stock units (PSUs), as well as the withholding of shares to cover tax obligations.
• These transactions resulted in an increase in the number of Class A Common Stock shares beneficially owned by Pollak, followed by a decrease due to tax withholdings.
• The price per share for tax withholding purposes was $4.13.
• Following these transactions, Pollak directly owns 413,817 shares of Class A Common Stock.
• He also holds a significant number of derivative securities, including 352,567 Restricted Stock Units, 63,347 Restricted Stock Units, 258,010 Restricted Stock Units, 77,403 Performance Stock Units (Gross Profit), and 33,172 Performance Stock Units (Adjusted EBITDA).

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The reporting person's holdings will continue to change as additional stock units vest over time, subject to 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. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting schedules and performance-based equity awards are common compensation tools used to align management's interests with those of shareholders.
• The tax withholding practices are also standard and reflect the executive's tax obligations on vested equity.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.
• The vesting of equity awards incentivizes the executive to continue contributing to the company's success.

Key Dates