Form 4: Mastercard Foundation Sells 142,000 Shares of Mastercard Inc.

The Mastercard Foundation sold 142,000 shares of Mastercard Inc. Class A common stock at a price of $456.5675 per share on May 10, 2024.

Summary

• On May 10, 2024, the Mastercard Foundation sold 142,000 shares of Mastercard Inc. Class A common stock.
• The sale price was $456.5675 per share.
• Following the transaction, the Mastercard Foundation beneficially owns 95,646,308 shares of Mastercard Inc. Class A common stock.
• The transaction was reported on a Form 4 filing with the SEC.
• Mastercard Foundation Asset Management Corp, a wholly owned subsidiary of Mastercard Foundation, is the investment manager for the shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

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 other initiatives. The sale represents a small fraction of the Foundation's total holdings in Mastercard.

Stakeholder Impact

• The sale of shares could have a minor impact on the market price of Mastercard stock, but given the relatively small size of the sale compared to the total outstanding shares, the impact is likely to be minimal.

Key Dates