Form 4: Mastercard Foundation Sells 141,000 Shares of Class A Common Stock

Mastercard Foundation sold 141,000 shares of Mastercard Inc Class A common stock at a price of $457.454 on May 13, 2024.

Summary

• On May 13, 2024, the Mastercard Foundation sold 141,000 shares of Mastercard Inc Class A common stock.
• The sale price was $457.454 per share.
• Following the transaction, the Mastercard Foundation beneficially owns 95,505,308 shares of Mastercard Inc Class A common stock.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a sale of shares. It is neutral in tone and does not contain any information that would significantly impact sentiment.

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 for a variety of reasons, including portfolio rebalancing or funding charitable activities. The sale represents a small fraction of the total shares held by the Foundation.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders due to the increased supply in the market, but the amount is relatively small compared to the total outstanding shares.
• The proceeds from the sale may be used to fund the Mastercard Foundation's philanthropic activities, potentially benefiting its beneficiaries.

Key Dates