Form 4: Mastercard Foundation Sells 90,000 Shares of Mastercard Inc.
SEC Form 4 Filing
Mastercard Foundation sold 90,000 shares of Mastercard Inc. Class A common stock at a price of $468.8046 per share on August 22, 2024.
Summary
- On August 22, 2024, the Mastercard Foundation sold 90,000 shares of Mastercard Inc.'s Class A common stock.
- The sale price was $468.8046 per share.
- Following the transaction, the Mastercard Foundation beneficially owns 91,649,308 shares of Mastercard Inc.
- The shares are directly held by Mastercard Foundation and managed by its wholly-owned subsidiary, Mastercard Foundation Asset Management (MFAM).
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.
Industry Context
Sales of shares by major holders are a normal part of market activity. The sale by Mastercard Foundation could be for portfolio rebalancing or to fund other initiatives.
Stakeholder Impact
- The sale of shares could have a minor impact on Mastercard's stock price, but given the relatively small number of shares sold compared to the total outstanding, the impact is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of transaction: Mastercard Foundation sold 90,000 shares of Mastercard Inc. |
| 08/23/2024 | Date of signature by Jennifer Newman of Mastercard Foundation Asset Management Corp. |
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