Were Raj Seshadri’s Mastercard (MA) share sales part of a Rule 10b5-1 plan?

Yes. The filing states the transactions were executed under a pre-planned trading plan adopted in accordance with Rule 10b5-1. The plan was established for personal financial management purposes before the reported trades occurred.

What is the net share impact of Raj Seshadri’s latest Mastercard (MA) trades?

The filing shows a net sale of 6,805 shares when comparing total shares sold to exercised shares. She exercised options for 3,977 shares but sold 6,805 shares overall, resulting in a reduction of her direct share position.

Mastercard (NYSE: MA) exec exercises options and sells 6,805 shares

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Mastercard Inc Chief Commercial Payments Officer Raj Seshadri reported a pre-planned mix of option exercises and share sales. She exercised employee stock options for 3,977 shares of Class A Common Stock at $290.25 per share on two dates, then sold a total of 6,805 shares in open-market transactions at prices around $525–$529.73 per share. The trades were executed under a Rule 10b5-1 pre-planned trading plan adopted for personal financial management purposes. After these transactions, she directly holds 16,429.33 Mastercard Class A shares, and the stock options referenced in the filing have been fully exercised.

Insider Trade Summary 10b5-1

Net Seller: 6,805 shares ($3,581,976)

Net Sell 6 txns

Insider Seshadri Raj

Role Chief Commercial Pmts Officer

Sold 6,805 shs ($3.58M)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	1,977	$0.00	--
Exercise	Class A Common Stock	1,977	$290.25	$574K
Sale	Class A Common Stock	1,977	$529.73	$1.05M
Exercise	Employee Stock Option (right to buy)	2,000	$0.00	--
Exercise	Class A Common Stock	2,000	$290.25	$581K
Sale	Class A Common Stock	4,828	$525.00	$2.53M

Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct, null); Class A Common Stock — 18,406.33 shares (Direct, null)

Footnotes (1)

The transaction was effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on February 27, 2026. The reporting person was awarded 3,977 employee stock options on March 1, 2020, which previously had fully vested.

Key Figures

Shares sold: 6,805 shares Options exercised: 3,977 shares Exercise price: $290.25 per share +4 more

7 metrics

Shares sold 6,805 shares Total Class A shares sold in open-market transactions

Options exercised 3,977 shares Employee stock options converted into Class A Common Stock

Exercise price $290.25 per share Exercise price of employee stock options awarded March 1, 2020

Sale price (July 1) $525.00 per share Open-market sale price for 4,828 Class A shares

Sale price (July 2) $529.73 per share Open-market sale price for 1,977 Class A shares

Post-transaction holdings 16,429.33 shares Directly owned Mastercard Class A shares after transactions

Options expiration March 1, 2030 Expiration date of employee stock options exercised

Key Terms

Rule 10b5-1, pre-planned trading plan, Employee Stock Option (right to buy), Class A Common Stock, +1 more

5 terms

Rule 10b5-1 regulatory

"entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

pre-planned trading plan financial

"The transaction was effected pursuant to a pre-planned trading plan"

Employee Stock Option (right to buy) financial

"security_title: "Employee Stock Option (right to buy)""

Class A Common Stock financial

"security_title: "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:13 PM Accepted by SEC EDGAR 07/02/2026 - 04:13 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Seshadri Raj

(Last)

(First)

(Middle)

2000 PURCHASE STREET

(Street)

PURCHASE

NEW YORK

10577

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Mastercard Inc [ MA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Commercial Pmts Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/01/2026		M		2,000⁽¹⁾	A	$290.25	21,257.33	D
Class A Common Stock	07/01/2026		S		4,828⁽¹⁾	D	$525	16,429.33	D
Class A Common Stock	07/02/2026		M		1,977⁽¹⁾	A	$290.25	18,406.33	D
Class A Common Stock	07/02/2026		S		1,977⁽¹⁾	D	$529.73	16,429.33	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$290.25	07/01/2026		M			2,000⁽¹⁾	⁽²⁾	03/01/2030	Class A Common Stock	2,000	$0	1,977	D
Employee Stock Option (right to buy)	$290.25	07/02/2026		M			1,977⁽¹⁾	⁽²⁾	03/01/2030	Class A Common Stock	1,977	$0	0	D

Explanation of Responses:

1. The transaction was effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on February 27, 2026.

2. The reporting person was awarded 3,977 employee stock options on March 1, 2020, which previously had fully vested.

Remarks:

	/s/ Craig Brown, as attorney-in-fact for Raj Seshadri, pursuant to a power of attorney dated June 24, 2025	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Mastercard (MA) executive Raj Seshadri report?

Raj Seshadri reported exercising options for 3,977 Mastercard Class A shares and selling 6,805 shares in open-market trades. The activity combined option exercises and sales as part of a structured personal financial plan.

How many Mastercard (MA) shares did Raj Seshadri sell and at what prices?

She sold 6,805 Mastercard Class A shares in total. The transactions occurred at per-share prices of $525.00 and $529.73, reflecting open-market sales disclosed in the Form 4 insider trading report.

What stock options did Raj Seshadri exercise in this Mastercard (MA) filing?

She exercised employee stock options covering 3,977 shares of Mastercard Class A Common Stock at a $290.25 exercise price. These options were originally awarded on March 1, 2020 and had previously fully vested before exercise.

How many Mastercard (MA) shares does Raj Seshadri hold after these transactions?

Following the reported option exercises and share sales, Raj Seshadri directly holds 16,429.33 shares of Mastercard Class A Common Stock. This post-transaction balance is disclosed in the ownership totals in the Form 4 filing.