[144] Mastercard Incorporated SEC Filing

Rhea-AI Filing Summary

Mastercard Inc. (MA) – Form 144 filing: Director-level insider Raj Seshadri has filed to sell 1,100 shares of MA common stock on 26-27 June 2025 through Morgan Stanley Smith Barney. The shares were originally received on 10 Apr 2019 as restricted stock units. At an indicated aggregate market value of $600,391, the proposed sale represents roughly 0.0001 % of the company’s 901.3 million shares outstanding, an immaterial stake from a capitalization standpoint.

The filing also details recent Rule 10b5-1 sales by the same insider over the past three months:

• 2,110 shares on 13 Jun 2025 for $1,184,475.93
• 1,022 shares on 16 Jun 2025 for $575,018.08
• 949 shares on 20 Jun 2025 for $508,474.20

Including the new notice, total disclosed sales amount to 5,181 shares valued at ≈$2.87 million. The filer states that no material non-public information is known and that the trades are under a 10b5-1 plan. Overall, the transaction size is small relative to MA’s float and appears routine rather than strategically significant.

Positive

• None.

Negative

• Insider selling: Executive Raj Seshadri plans to sell 1,100 shares and has already sold 4,081 shares in June, which some investors may view as a bearish signal despite the small size.

Insights

Securities Analyst

TL;DR: Minor insider sale; negligible percentage; unlikely to affect valuation.

The disclosed Form 144 shows Raj Seshadri intends to dispose of 1,100 MA shares (~$0.6 M). Combined with three recent 10b5-1 transactions, total sales reach 5,181 shares, or just 0.0006 % of shares outstanding. Such de-minimis volume is far below liquidity thresholds and should not pressure the stock price. The filing contains no operating metrics or forward-looking statements. Routine diversification by an executive under a pre-planned program is typical for large-cap issuers and carries neutral investment implications.

Corporate Governance Expert

TL;DR: Standard Rule 10b5-1 activity; governance risk low.

The notice confirms trades are governed by a previously adopted 10b5-1 plan and includes the required representation that the insider lacks undisclosed MNPI. The limited scale and compliance with SEC safe-harbor procedures indicate low governance concern. Investors should monitor cumulative dispositions, yet current levels remain immaterial relative to total ownership and do not suggest a shift in executive confidence.

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	1100	600391.00	901263158	06/27/2025	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	04/10/2019	Restricted Stock Units	Issuer			1100	04/10/2019	N/A

* 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 RAJ SESHADRI 2000 Purchase Street Purchase NY 10577	Common	06/20/2025	949	508474.20
10b5-1 Sales for RAJ SESHADRI 2000 Purchase Street Purchase NY 10577	Common	06/16/2025	1022	575018.08
10b5-1 Sales for RAJ SESHADRI 2000 Purchase Street Purchase NY 10577	Common	06/13/2025	2110	1184475.93

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

How many Mastercard (MA) shares are being sold under this Form 144?

The filing covers 1,100 common shares to be sold on or about 27 June 2025.

What is the estimated market value of the planned sale?

The aggregate market value stated is $600,391 for the 1,100 shares.

Who is the selling insider named in the Mastercard Form 144?

The shares are being sold for the account of Raj Seshadri, an executive of Mastercard.

What additional sales has the insider made recently?

The insider sold 2,110 shares on 13 Jun 2025, 1,022 shares on 16 Jun 2025, and 949 shares on 20 Jun 2025 under a 10b5-1 plan.

How significant is this sale compared to Mastercard’s total shares outstanding?

Even including recent sales, the 5,181 shares disclosed equal approximately 0.0006 % of the 901,263,158 shares outstanding—operationally insignificant.