Mastercard CTO exercises options, sells 19,800 shares

Mastercard President & CTO, MA Tech, Edward Grunde McLaughlin exercised 19,800 employee stock options at $227.25 per share and on July 15, 2026 sold 19,800 Class A shares in open-market trades at weighted-average prices between $529.02 and $539.00.

Rhea-AI Filing Summary

Mastercard President & CTO, MA Tech, Edward Grunde McLaughlin exercised 19,800 employee stock options at $227.25 per share and on July 15, 2026 sold 19,800 Class A shares in open-market trades at weighted-average prices between $529.02 and $539.00. The sales were made under a pre-planned Rule 10b5-1 trading plan adopted on November 4, 2025, and fully exercised a 19,800-option grant awarded March 1, 2019.

Insider Trade Summary 10b5-1

Exercise and Sale: 19,800 shares ($6.09M approx. pre-tax spread)

Exercise and Sale 10 txns

Insider McLaughlin Edward Grunde

Role President & CTO, MA Tech

Sold 19,800 shs ($10.59M)

Approx. gross sale proceeds $10.59M

Approx. exercise cost $4.50M

Approx. pre-tax spread $6.09M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Options (right to buy) F1, F10	19,800	$0.00	$0.00
Exercise	Class A Common Stock F1	19,800	$227.25	$4.50M
Sale	Class A Common Stock F1, F2	1,903	$529.4485	$1.01M
Sale	Class A Common Stock F1, F3	1,108	$530.6735	$588K
Sale	Class A Common Stock F1, F4	160	$531.6279	$85K
Sale	Class A Common Stock F1, F5	3,440	$533.7474	$1.84M
Sale	Class A Common Stock F1, F6	6,159	$534.6598	$3.29M
Sale	Class A Common Stock F1, F7	2,510	$536.9466	$1.35M
Sale	Class A Common Stock F1, F8	3,431	$538.0914	$1.85M
Sale	Class A Common Stock F1, F9	1,089	$538.817	$587K

Holdings After Transaction: Employee Stock Options (right to buy) — 0 contracts (Direct); Class A Common Stock — 38,739.396 shares (Direct)

Footnotes (10)

1. F1. 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 November 4, 2025.
2. F2. This transaction was executed in multiple trades at prices ranging from $529.02 to $530. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
3. F3. This transaction was executed in multiple trades at prices ranging from $530.35 to $530.75. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
4. F4. This transaction was executed in multiple trades at prices ranging from $531.42 to $531.83. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
5. F5. This transaction was executed in multiple trades at prices ranging from $533.10 to $534.02. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
6. F6. This transaction was executed in multiple trades at prices ranging from $534.24 to $535.16. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
7. F7. This transaction was executed in multiple trades at prices ranging from $536.58 to $537.26. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
8. F8. This transaction was executed in multiple trades at prices ranging from $537.75 to $538.73. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
9. F9. This transaction was executed in multiple trades at prices ranging from $538.81 to $539. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
10. F10. The reporting person was awarded 19,800 employee stock options on March 1, 2019, which previously had fully vested.

Key Figures

Shares sold: 19,800 shares Exercise shares: 19,800 shares Exercise price: $227.25 per share +2 more

5 metrics

Shares sold 19,800 shares Total Class A Common Stock sold in open-market transactions on 2026-07-15

Exercise shares 19,800 shares Employee stock options exercised into Class A Common Stock on 2026-07-15

Exercise price $227.25 per share Exercise price of employee stock options awarded on March 1, 2019

Sale price range $529.02–$539.00 per share Ranges of multiple trades; reported prices are weighted-average sales prices

Options remaining from 2019 grant 0 options Employee stock options awarded March 1, 2019 fully exercised with no remaining balance

Key Terms

Rule 10b5-1, weighted average sales price, employee stock options, pre-planned trading plan

4 terms

Rule 10b5-1 regulatory

"pre-planned trading plan entered into in accordance with Rule 10b5-1"

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.

weighted average sales price financial

"The price reported reflects the weighted average sales price."

employee stock options financial

"The reporting person was awarded 19,800 employee stock options on March 1, 2019"

Employee stock options are contracts that give workers the right to buy a company's shares at a set price sometime in the future, like a coupon that lets you purchase stock at today’s price later on. Investors care because they align employees’ incentives with company performance and create a potential future claim on shares that can reduce existing owners’ percentage and add to a company’s reported compensation costs.

pre-planned trading plan financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Mastercard (MA) executive Edward Grunde McLaughlin report?

Edward Grunde McLaughlin reported exercising 19,800 employee stock options at $227.25 per share and selling 19,800 Class A shares in open-market trades. The activity reflects an option exercise-and-sell sequence rather than a net increase in share ownership.

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

He sold a total of 19,800 Class A shares in multiple trades. The trades occurred at weighted-average prices within ranges from about $529.02 up to $539.00, with each line item reflecting a weighted average from numerous individual executions.

What stock options did McLaughlin exercise in this Mastercard (MA) Form 4?

McLaughlin exercised 19,800 employee stock options with an exercise price of $227.25 per share. According to the disclosure, these options were awarded on March 1, 2019 and had fully vested before the exercise reported on July 15, 2026.

Was McLaughlin’s Mastercard (MA) share sale made under a Rule 10b5-1 trading plan?

Yes. A footnote states the transactions were effected under a pre-planned trading plan adopted in accordance with Rule 10b5-1 on November 4, 2025, for personal financial management purposes, indicating the sales were pre-scheduled rather than discretionary timing decisions.

Are McLaughlin’s 2019 Mastercard (MA) employee stock options still outstanding?

No. The filing notes he had been awarded 19,800 employee stock options on March 1, 2019, and the derivative table shows 0.0000 options remaining after this exercise, indicating that this grant has now been fully exercised with no balance left.

What is McLaughlin’s position at Mastercard (MA) related to this Form 4 filing?

The reporting person, Edward Grunde McLaughlin, is identified as President & CTO, MA Tech. His role as a senior executive makes his option exercises and share sales subject to public reporting on Form 4 under U.S. securities regulations.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/15/2026 - 05:07 PM Accepted by SEC EDGAR 07/15/2026 - 05:07 PM Learn about SEC filing dates

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).

X

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^*

McLaughlin Edward Grunde

(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)
	President & CTO, MA Tech

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/15/2026		M		19,800(1)	A	$227.25	58,539.396	D
Class A Common Stock	07/15/2026		S		1,903(1)	D	$529.4485(2)	56,636.396	D
Class A Common Stock	07/15/2026		S		1,108(1)	D	$530.6735(3)	55,528.396	D
Class A Common Stock	07/15/2026		S		160(1)	D	$531.6279(4)	55,368.396	D
Class A Common Stock	07/15/2026		S		3,440(1)	D	$533.7474(5)	51,928.396	D
Class A Common Stock	07/15/2026		S		6,159(1)	D	$534.6598(6)	45,769.396	D
Class A Common Stock	07/15/2026		S		2,510(1)	D	$536.9466(7)	43,259.396	D
Class A Common Stock	07/15/2026		S		3,431(1)	D	$538.0914(8)	39,828.396	D
Class A Common Stock	07/15/2026		S		1,089(1)	D	$538.817(9)	38,739.396	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options (right to buy)	$227.25	07/15/2026		M			19,800(1)	(10)	03/01/2029	Class A Common Stock	19,800	$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 November 4, 2025.

2. This transaction was executed in multiple trades at prices ranging from $529.02 to $530. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

3. This transaction was executed in multiple trades at prices ranging from $530.35 to $530.75. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

4. This transaction was executed in multiple trades at prices ranging from $531.42 to $531.83. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

5. This transaction was executed in multiple trades at prices ranging from $533.10 to $534.02. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

6. This transaction was executed in multiple trades at prices ranging from $534.24 to $535.16. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

7. This transaction was executed in multiple trades at prices ranging from $536.58 to $537.26. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

8. This transaction was executed in multiple trades at prices ranging from $537.75 to $538.73. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

9. This transaction was executed in multiple trades at prices ranging from $538.81 to $539. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

10. The reporting person was awarded 19,800 employee stock options on March 1, 2019, which previously had fully vested.

Remarks:

	/s/ Craig Brown, as attorney-in-fact for Edward McLaughlin, pursuant to a power of attorney dated June 23, 2025	07/15/2026
	** 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)