STOCK TITAN

[Form 4] Mastercard Inc Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

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."

Hai Ling, indicata come Presidente, AP, Europe, MEA presso Mastercard Inc (MA), ha riportato una modifica della proprietà beneficiaria il 01/10/2025. Il modulo mostra una disposizione etichettata come trattenuta di azioni per motivi fiscali legata a unità di azioni restritte precedentemente concesse: 178 azioni sono state trattenute al prezzo di $570,24 per soddisfare le obbligazioni fiscali. Dopo la transazione, il modulo riporta una proprietà beneficiaria di 25.667,707 azioni ordinarie di Classe A. Il Form 4 è stato eseguito da un procuratore nel nome della Signora Hai e firmato il 03/10/2025. La nota esplicativa afferma esplicitamente che la transazione "rappresenta la trattenuta di azioni per pagare l'obbligo fiscale relativo alle precedenti assegnazioni di azioni restritte".

Hai Ling, listada como Presidenta, AP, Europe, MEA en Mastercard Inc (MA), informó un cambio en la propiedad beneficiaria el 01/10/2025. El expediente muestra una disposición etiquetada como retención de acciones relacionada con impuestos vinculada a unidades de acciones restringidas previamente otorgadas: se retuvieron 178 acciones a un precio de $570.24 para satisfacer las obligaciones fiscales. Después de la transacción, el expediente reporta una propiedad beneficiaria de 25,667.707 acciones comunes de Clase A. El Formulario 4 fue ejecutado por un apoderado en nombre de la Sra. Hai y firmado el 03/10/2025. La nota explicativa indica expresamente que la transacción "representa la retención de acciones para pagar la obligación fiscal relacionada con las adjudicaciones previas de acciones restringidas".

Hai Ling은 Mastercard Inc (MA)에서 President, AP, Europe, MEA로 등재되어 있으며, 2025/10/01에 실질 소유권 변경을 보고했습니다. 신고서는 이전에 부여된 제한 주식 단위와 관련된 세금 납부를 위한 주식 보류로 표시된 처분을 보여줍니다: 178주가 세금 의무를 충족하기 위해 $570.24의 가격으로 보류되었습니다. 거래 후, 신고서는 25,667.707주 Class A 일반주에 대한 실질 소유권을 보고합니다. Form 4는 Hai 씨를 대신하여 대리인이 작성했고 2025/10/03에 서명했습니다. 설명 메모는 이 거래가 "이전 부여된 제한 주식 단위와 관련된 세금 채무를 지불하기 위한 주식 보류를 나타낸다"고 명시합니다.

Hai Ling, répertoriée comme President, AP, Europe, MEA chez Mastercard Inc (MA), a signalé un changement de propriété bénéficiaire le 01/10/2025. Le dossier montre une cession qualifiée de retenue d’actions liée à l’impôt relative à des unités d’actions restreintes précédemment accordées: 178 actions ont été retenues au prix de 570,24 USD pour satisfaire les obligations fiscales. Après la transaction, le dossier indique une propriété bénéficiaire de 25 667,707 actions ordinaires de Classe A. Le Formulaire 4 a été exécuté par un mandataire au nom de Mme Hai et signé le 03/10/2025. La note explicative indique expressément que la transaction « représente la retenue d’actions pour payer la dette fiscale liée aux attributions antérieures d’actions restreintes ».

Hai Ling ist bei Mastercard Inc (MA) als President, AP, Europe, MEA aufgeführt und hat eine Veränderung des wirtschaftlichen Eigentums am 01.10.2025 gemeldet. Die Einreichung zeigt eine Veräußerung, die als steuerbezogene Aktien-Bei-s- behalten bezeichnet ist, verbunden mit zuvor gewährten Restricted Stock Units: 178 Aktien wurden zum Preis von 570,24 USD einbehalten, um steuerliche Verpflichtungen zu erfüllen. Nach der Transaktion meldet die Einreichung eine wirtschaftliche Eigentümerschaft von 25.667,707 Class A Stammaktien. Das Formular 4 wurde von einem Bevollmächtigten im Auftrag von Frau Hai ausgeführt und am 03.10.2025 unterzeichnet. Die erläuternde Anmerkung besagt ausdrücklich, dass die Transaktion „eine Einbehaltung von Aktien zur Begleichung der Steuerverbindlichkeit im Zusammenhang mit zuvor gewährten Restricted Stock Units darstellt“.

Hai Ling، المدرجة كـ رئيسة، آسيا والمحيط الهادئ، أوروبا، الشرق الأوسط وأفريقيا في Mastercard Inc (MA)، أبلغت عن تغيير في الملكية المستفيدة في 01/10/2025. يظهر الملف تصرفاً مصنفاً كحجز أسهم متعلق بالضرائب مرتبط بوحدات الأسهم المقيدة الممنوحة سابقاً: تم حجز 178 سهماً بسعر 570.24 دولاراً لتلبية الالتزامات الضريبية. بعد الصفقة، يفيد الملف بملكية مستفيدة قدرها 25,667.707 سهماً عاديًا من الفئة A. تم تنفيذ النموذج 4 بواسطة وكيل نيابة نيابة عن السيدة Hai وتوقيعه في 03/10/2025. تنص الملاحظة الشارحة صراحة على أن المعاملة "تمثل حجز أسهم لدفع الالتزام الضريبي المرتبط بالمنح السابقة لأسهم مقيدة".

Hai Ling,在 Mastercard Inc (MA) 任职为 President, AP, Europe, MEA,于 2025/10/01 报告了实益所有权变动。该申报显示一项被标注为与先前授予的受限股票单位相关的税务扣留的处置:178股以每股 570.24 美元 的价格被扣留,以满足税务义务。交易后,申报显示对 25,667.707 股 Class A 普通股的实益所有权。Form 4 由一名代理人代表 Hai 女士执行并于 2025/10/03 签署。说明性说明明确表示该交易“代表为支付与先前授予的受限股票单位相关的税收负债而扣留股票”

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

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.

Hai Ling, indicata come Presidente, AP, Europe, MEA presso Mastercard Inc (MA), ha riportato una modifica della proprietà beneficiaria il 01/10/2025. Il modulo mostra una disposizione etichettata come trattenuta di azioni per motivi fiscali legata a unità di azioni restritte precedentemente concesse: 178 azioni sono state trattenute al prezzo di $570,24 per soddisfare le obbligazioni fiscali. Dopo la transazione, il modulo riporta una proprietà beneficiaria di 25.667,707 azioni ordinarie di Classe A. Il Form 4 è stato eseguito da un procuratore nel nome della Signora Hai e firmato il 03/10/2025. La nota esplicativa afferma esplicitamente che la transazione "rappresenta la trattenuta di azioni per pagare l'obbligo fiscale relativo alle precedenti assegnazioni di azioni restritte".

Hai Ling, listada como Presidenta, AP, Europe, MEA en Mastercard Inc (MA), informó un cambio en la propiedad beneficiaria el 01/10/2025. El expediente muestra una disposición etiquetada como retención de acciones relacionada con impuestos vinculada a unidades de acciones restringidas previamente otorgadas: se retuvieron 178 acciones a un precio de $570.24 para satisfacer las obligaciones fiscales. Después de la transacción, el expediente reporta una propiedad beneficiaria de 25,667.707 acciones comunes de Clase A. El Formulario 4 fue ejecutado por un apoderado en nombre de la Sra. Hai y firmado el 03/10/2025. La nota explicativa indica expresamente que la transacción "representa la retención de acciones para pagar la obligación fiscal relacionada con las adjudicaciones previas de acciones restringidas".

Hai Ling은 Mastercard Inc (MA)에서 President, AP, Europe, MEA로 등재되어 있으며, 2025/10/01에 실질 소유권 변경을 보고했습니다. 신고서는 이전에 부여된 제한 주식 단위와 관련된 세금 납부를 위한 주식 보류로 표시된 처분을 보여줍니다: 178주가 세금 의무를 충족하기 위해 $570.24의 가격으로 보류되었습니다. 거래 후, 신고서는 25,667.707주 Class A 일반주에 대한 실질 소유권을 보고합니다. Form 4는 Hai 씨를 대신하여 대리인이 작성했고 2025/10/03에 서명했습니다. 설명 메모는 이 거래가 "이전 부여된 제한 주식 단위와 관련된 세금 채무를 지불하기 위한 주식 보류를 나타낸다"고 명시합니다.

Hai Ling, répertoriée comme President, AP, Europe, MEA chez Mastercard Inc (MA), a signalé un changement de propriété bénéficiaire le 01/10/2025. Le dossier montre une cession qualifiée de retenue d’actions liée à l’impôt relative à des unités d’actions restreintes précédemment accordées: 178 actions ont été retenues au prix de 570,24 USD pour satisfaire les obligations fiscales. Après la transaction, le dossier indique une propriété bénéficiaire de 25 667,707 actions ordinaires de Classe A. Le Formulaire 4 a été exécuté par un mandataire au nom de Mme Hai et signé le 03/10/2025. La note explicative indique expressément que la transaction « représente la retenue d’actions pour payer la dette fiscale liée aux attributions antérieures d’actions restreintes ».

Hai Ling ist bei Mastercard Inc (MA) als President, AP, Europe, MEA aufgeführt und hat eine Veränderung des wirtschaftlichen Eigentums am 01.10.2025 gemeldet. Die Einreichung zeigt eine Veräußerung, die als steuerbezogene Aktien-Bei-s- behalten bezeichnet ist, verbunden mit zuvor gewährten Restricted Stock Units: 178 Aktien wurden zum Preis von 570,24 USD einbehalten, um steuerliche Verpflichtungen zu erfüllen. Nach der Transaktion meldet die Einreichung eine wirtschaftliche Eigentümerschaft von 25.667,707 Class A Stammaktien. Das Formular 4 wurde von einem Bevollmächtigten im Auftrag von Frau Hai ausgeführt und am 03.10.2025 unterzeichnet. Die erläuternde Anmerkung besagt ausdrücklich, dass die Transaktion „eine Einbehaltung von Aktien zur Begleichung der Steuerverbindlichkeit im Zusammenhang mit zuvor gewährten Restricted Stock Units darstellt“.

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.
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