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

Mastercard Foundation sold 142,000 shares of Mastercard Inc. Class A common stock at a price of $442.1386 per share on May 3, 2024.

Summary

• On May 3, 2024, Mastercard Foundation sold 142,000 shares of Mastercard Inc. Class A common stock.
• The sale price was $442.1386 per share.
• Following the transaction, Mastercard Foundation beneficially owns 96,377,308 shares of Mastercard Inc. Class A common stock.
• The reporting entity includes Mastercard Foundation and Mastercard Foundation Asset Management Corp.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a transaction without expressing positive or negative views about the company's prospects.

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

This Form 4 filing indicates a change in beneficial ownership of Mastercard Inc. shares by a major shareholder, the Mastercard Foundation. Such filings are common and provide transparency into the transactions of company insiders and significant stakeholders. The sale could be for various reasons, including portfolio rebalancing or funding other initiatives of the foundation.

Stakeholder Impact

• The sale of shares could have a minor impact on shareholders, potentially causing a slight decrease in the stock price due to increased supply, although the impact is likely to be minimal given the large number of outstanding shares.

Key Dates