Form 4: Mastercard Foundation Sells 110,000 Shares of Mastercard Inc.

The Mastercard Foundation sold 110,000 shares of Mastercard Inc. Class A common stock at a price of $443.4362 per share on May 29, 2024.

Summary

• On May 29, 2024, the Mastercard Foundation sold 110,000 shares of Mastercard Inc. Class A common stock.
• The sale price was $443.4362 per share.
• Following the transaction, the Mastercard Foundation beneficially owns 94,331,308 shares of Mastercard Inc. Class A common stock.
• The reporting entity is the Mastercard Foundation, with Mastercard Foundation Asset Management Corp acting as the investment manager.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a share sale. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction. The sentiment is neutral.

Management Comments

• Mastercard Foundation Asset Management ('MFAM'), a wholly owned subsidiary of Mastercard Foundation ('MF'), is the investment manager for shares of Class A common stock of Mastercard Incorporated directly held by MF.
• MFAM disclaims any pecuniary interest in such shares.

Industry Context

Sales of shares by major holders such as the Mastercard Foundation are common and can be driven by a variety of factors, including portfolio rebalancing or funding needs for their philanthropic activities. The sale represents a small fraction of the total outstanding shares.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders due to potential price fluctuations, but the overall impact is likely to be minimal given the size of the transaction relative to the total outstanding shares.

Key Dates