MA Form 4: Hai Ling withholds 178 shares to cover taxes at $570.24

Rhea-AI Filing Summary

Hai Ling, listed as President, AP, Europe, MEA at Mastercard Inc (MA), reported a change in beneficial ownership on 10/01/2025. The filing shows a disposition labeled as a tax-related share withholding tied to previously granted restricted stock units: 178 shares were withheld at a price of $570.24 to satisfy tax obligations. After the transaction, the filing reports beneficial ownership of 25,667.707 Class A common shares. The Form 4 was executed by an attorney-in-fact on behalf of Ms. Hai and signed on 10/03/2025. The explanatory note explicitly states the transaction "represents withholding of shares to pay tax liability relating to previously granted awards of restricted stock units."

Positive

• Form 4 filed promptly (transaction dated 10/01/2025, signed 10/03/2025) demonstrating regulatory compliance
• Disclosure explicitly states the disposition was a tax-withholding for previously granted restricted stock units

Negative

• None.

Insights

Corporate Insider / SEC Compliance Analyst

Insider reported tax-withholding sale of 178 shares at $570.24 on 10/01/2025.

The Form 4 discloses a disposition that is a routine tax-withholding related to previously granted restricted stock units, not a voluntary open-market sale. This is explicitly stated in the filing: "withholding of shares to pay tax liability relating to previously granted awards of restricted stock units."

Filing shows beneficial ownership after the transaction as 25,667.707 Class A common shares and was executed by an attorney-in-fact on 10/03/2025, indicating the required Section 16 disclosure was filed promptly.

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).

1. Name and Address of Reporting Person^*

Ling Hai

(Last) (First) (Middle)

2000 PURCHASE STREET

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

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, AP, Europe, MEA

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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

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

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

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	10/01/2025		F		178(1)	D	$570.24	25,667.707	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

Explanation of Responses:

1. Represents withholding of shares to pay tax liability relating to previously granted awards of restricted stock units.

Remarks:

	/s/ Craig Brown, as attorney-in-fact for Hai Ling, pursuant to a power of attorney dated June 23, 2025	10/03/2025
	** 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.

FAQ

What did Mastercard insider Hai Ling report on Form 4 (MA)?

The filing reports a disposition on 10/01/2025 where 178 shares were withheld at a price of $570.24 to satisfy tax liabilities from restricted stock units.

Why were shares disposed of by Hai Ling according to the Form 4?

The Form 4 explanation states the transaction "represents withholding of shares to pay tax liability relating to previously granted awards of restricted stock units."

How many Class A shares did Hai Ling beneficially own after the transaction?

The filing reports beneficial ownership following the transaction of 25,667.707 Class A common shares.

When was the Form 4 signed and by whom?

The Form 4 was signed on behalf of Hai Ling by an attorney-in-fact, Craig Brown, and dated 10/03/2025.

Does the Form 4 indicate this was an open-market sale?

No. The filing explicitly describes the disposition as a tax-withholding related to restricted stock units, not an open-market sale.