MA insider filings: 17,816 shares via option exercise; prior 10b5-1 sale disclosed

Rhea-AI Filing Summary

Form 144 filing for Mastercard Incorporated (MA) reports a proposed sale of 17,816 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $10,407,038.24 and an approximate sale date of 08/19/2025. The filing shows these shares were acquired and paid for on 08/19/2025 via exercise of stock options and paid in cash. The record lists 897,274,172 shares outstanding. The filing also discloses a prior 10b5-1 sale by the same account of 6,758 shares on 08/05/2025 generating $3,828,164.39 in gross proceeds. The submitter attests they are unaware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Routine insider sale via option exercise and broker; disclosed previous 10b5-1 sale suggests preplanned dispositions, not an unexpected liquidation.

The filing details a proposed sale of 17,816 common shares executed by exercise of stock options and intended to be sold through Morgan Stanley Smith Barney LLC on 08/19/2025. The transaction size relative to the issuer's reported outstanding shares (897,274,172) is immaterial on a percentage basis. The filing also discloses a recent 10b5-1 sale of 6,758 shares on 08/05/2025 with gross proceeds of $3,828,164.39, indicating prior executed transactions from the same account. For investors, this appears to be a standard Form 144 disclosure of insider liquidity rather than a sign of company-specific operational change.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; presence of 10b5-1 activity and attestation reduces informational asymmetry concerns.

The filer reports acquisition by option exercise and immediate intent to sell shares, with brokerage execution through Morgan Stanley Smith Barney LLC. The filing includes the statutory attestation regarding material nonpublic information and notes prior sales under a 10b5-1 plan. From a governance perspective, the document provides the regulatory disclosures expected for insider sales, showing procedural compliance. There is no indication within the filing of undisclosed adverse information or irregular execution mechanics.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	17816	10407038.24	897274172	08/19/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/19/2025	Exercise of Stock Options	Issuer			17816	08/19/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for SACHIN MEHRA 2000 Purchase Street Purchase NY 10577	Common	08/05/2025	6758	3828164.39

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What shares does the Form 144 for Mastercard (MA) report being sold?

The filing reports proposed sale of 17,816 common shares.

When is the approximate sale date listed in the Form 144?

The approximate date of sale is 08/19/2025.

How were the shares acquired according to the filing?

The shares were acquired on 08/19/2025 by exercise of stock options and paid in cash.

Which broker is named to execute the transaction?

The broker is Morgan Stanley Smith Barney LLC located at 1 New York Plaza, 8th Floor, New York, NY 10004.

Has the filer sold any Mastercard shares recently?

Yes. The filing discloses a 10b5-1 sale of 6,758 shares on 08/05/2025 for gross proceeds of $3,828,164.39.

How many Mastercard shares are reported outstanding in the filing?

The filing lists 897,274,172 shares outstanding.