Mastercard CFO exercises options, sells 4,317 shares

Q: How many MA shares did Hai Ling sell, and at what price?

Hai Ling sold 4,317 Class A common shares at $620.00 per share on October 16, 2026.

Q: When were Hai Ling's MA stock options awarded?

Hai Ling was awarded 12,952 employee stock options on March 1, 2017; the options had previously fully vested.

The same-day option exercise and share sale were made under a Rule 10b5-1 plan adopted on December 10, 2025.

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Mastercard Inc Chief Financial Officer Hai Ling exercised 4,317 employee stock options on October 16, 2026, at an exercise price of $112.31 per share, acquiring 4,317 Class A common shares and selling 4,317 shares at $620.00 per share that day. The transactions were effected under a pre-planned Rule 10b5-1 trading plan adopted on December 10, 2025. Hai Ling held 8,635 employee stock options after the exercise.

Insider Trade Summary 10b5-1

Exercise and Sale: 4,317 shares ($2.19M approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Ling Hai

Role Chief Financial Officer

Sold 4,317 shs ($2.68M)

Approx. gross sale proceeds $2.68M

Approx. exercise cost $485K

Approx. pre-tax spread $2.19M

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy) ^{F1, F2}	4,317	$0.00	$0.00
Exercise	Class A Common Stock ^F1	4,317	$112.31	$485K
Sale	Class A Common Stock ^F1	4,317	$620.00	$2.68M

Holdings After Transaction: Employee Stock Option (right to buy) — 8,635 contracts (Direct); Class A Common Stock — 35,750.5 shares (Direct)

Footnotes (2)

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 December 10, 2025.
F2. The reporting person was awarded 12,952 employee stock options on March 1, 2017, which previously had fully vested.

Key Figures

Employee stock options exercised: 4,317 options Exercise price: $112.31 per share Class A common shares acquired: 4,317 shares +3 more

6 metrics

Employee stock options exercised 4,317 options October 16, 2026

Exercise price $112.31 per share Options exercised October 16, 2026

Class A common shares acquired 4,317 shares October 16, 2026 option exercise

Class A common shares sold 4,317 shares October 16, 2026

Sale price $620.00 per share October 16, 2026

Employee stock options following exercise 8,635 options Reported after the October 16, 2026 exercise

Key Terms

Rule 10b5-1, pre-planned trading plan, employee stock options, fully vested

4 terms

Rule 10b5-1 regulatory

"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.

pre-planned trading plan regulatory

"The pre-planned trading plan was adopted"

employee stock options financial

"12,952 employee stock options"

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.

fully vested financial

"which previously had fully vested"

FAQ

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

How many MA shares did Hai Ling sell, and at what price?

Hai Ling sold 4,317 Class A common shares at $620.00 per share on October 16, 2026.

When were Hai Ling's MA stock options awarded?

Hai Ling was awarded 12,952 employee stock options on March 1, 2017; the options had previously fully vested.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/19/2026 - 04:11 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:10 PM EDT

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^*

Ling Hai

(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 Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/16/2026

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	10/16/2026		M		4,317⁽¹⁾	A	$112.31	40,067.5	D
Class A Common Stock	10/16/2026		S		4,317⁽¹⁾	D	$620	35,750.5	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)	$112.31	10/16/2026		M			4,317⁽¹⁾	⁽²⁾	03/01/2027	Class A Common Stock	4,317	$0	8,635	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 December 10, 2025.

2. The reporting person was awarded 12,952 employee stock options on March 1, 2017, which previously had fully vested.

Remarks:

	/s/ Craig Brown, as attorney-in-fact for Hai Ling, pursuant to a power of attorney dated June 23, 2025	10/19/2026
	** 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