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Mastercard (NYSE: MA) CEO sells 33,256 shares in 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Mastercard President & CEO Michael Miebach exercised 26,400 employee stock options at $227.25 per share, originally awarded on March 1, 2019, and sold 33,256 shares of Class A Common Stock at prices between $567.68 and $580.00 on July 31 and August 3, 2026, under a pre-planned Rule 10b5-1 trading plan adopted November 3, 2025.

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Insider Miebach Michael
Role President & CEO
Sold 33,256 shs ($19.08M)
Approx. gross sale proceeds $19.08M
Approx. exercise cost $6.00M
Type Security Shares Price Value
Exercise Employee Stock Option (right to buy) F1, F2 9,772 $0.00 $0.00
Exercise Class A Common Stock F1 9,772 $227.25 $2.22M
Sale Class A Common Stock F1 16,628 $580.00 $9.64M
Exercise Employee Stock Option (right to buy) F1, F2 16,628 $0.00 $0.00
Exercise Class A Common Stock F1 16,628 $227.25 $3.78M
Sale Class A Common Stock F1 16,628 $567.68 $9.44M
Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct); Class A Common Stock — 109,064.721 shares (Direct)
Footnotes (2)
  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 3, 2025.
  2. F2. The reporting person was awarded 26,400 employee stock options on March 1, 2019, which previously had fully vested.
Shares sold 33,256 shares Total Mastercard Class A shares sold on 2026-07-31 and 2026-08-03
Options exercised 26,400 options Employee Stock Options exercised for Class A Common Stock
Exercise price $227.25 per share Exercise price of Employee Stock Options awarded March 1, 2019
Sale price on 2026-07-31 $567.68 per share Sale of 16,628 Class A shares on July 31, 2026
Sale price on 2026-08-03 $580.00 per share Sale of 16,628 Class A shares on August 3, 2026
Rule 10b5-1 regulatory
"entered into in accordance with Rule 10b5-1 of the Securities Exchange Act"
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 regulatory
"The transaction was effected pursuant to a pre-planned trading plan entered into"
Employee Stock Option financial
"The reporting person was awarded 26,400 employee stock options on March 1, 2019"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider trades did Mastercard (MA) CEO Michael Miebach report in this Form 4?
Michael Miebach reported exercising 26,400 employee stock options and selling 33,256 Mastercard Class A shares. The trades took place on July 31 and August 3, 2026, converting options granted in 2019 into shares that were then sold under a Rule 10b5-1 trading plan.

How many Mastercard (MA) shares did Michael Miebach sell and at what prices?
Michael Miebach sold 33,256 Class A shares of Mastercard in two transactions. He sold 16,628 shares at $567.68 per share on July 31, 2026, and another 16,628 shares at $580.00 per share on August 3, 2026, under his trading plan.

What stock options did the Mastercard (MA) CEO exercise in this filing?
He exercised 26,400 employee stock options for Mastercard Class A Common Stock at an exercise price of $227.25 per share. These options were originally awarded on March 1, 2019, and were fully vested before being exercised in two tranches tied to subsequent share sales.

Were Mastercard (MA) CEO Michael Miebach’s trades made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected under a pre-planned trading plan entered into in accordance with Rule 10b5-1. The footnote specifies this personal financial management plan was adopted on November 3, 2025, before the July and August 2026 trades.

What is the relationship between the option exercises and share sales reported for MA?
Miebach exercised 26,400 options at $227.25 per share, receiving an equal number of Class A shares, and then sold 33,256 shares in two transactions. This pattern reflects option exercises followed by stock sales executed under his pre-arranged Rule 10b5-1 trading plan.
SEC Form 4
FORM 4UNITED 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*
Miebach Michael
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock07/31/2026M16,628(1)A$227.25132,548.721D
Class A Common Stock07/31/2026S16,628(1)D$567.68115,920.721D
Class A Common Stock08/03/2026M9,772(1)A$227.25125,692.721D
Class A Common Stock08/03/2026S16,628(1)D$580109,064.721D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy)$227.2507/31/2026M16,628(1) (2)03/01/2029Class A Common Stock16,628$09,772D
Employee Stock Option (right to buy)$227.2508/03/2026M9,772(1) (2)03/01/2029Class A Common Stock9,772$00D
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 3, 2025.
2. The reporting person was awarded 26,400 employee stock options on March 1, 2019, which previously had fully vested.
Remarks:
/s/ Craig Brown, as attorney-in-fact for Michael Miebach, pursuant to a power of attorney dated July 14, 202508/04/2026
** Signature of Reporting PersonDate
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