MA Form 4: Raj Seshadri shares withheld to satisfy tax at $570.24

Rhea-AI Filing Summary

Raj Seshadri, identified as Chief Commercial Pmts Officer of Mastercard Inc (MA), reported a transaction on 10/01/2025 in a Form 4 filing. The filing shows a disposition related to previously granted restricted stock units where shares were withheld to pay tax liability. The reported price per share was $570.24 and the filing lists 12,699.33 shares beneficially owned following the reported transaction. The Form 4 was signed on behalf of Mr. Seshadri by an attorney-in-fact and dated 10/03/2025.

Positive

• Transaction disclosed in a timely Form 4, showing compliance with reporting requirements
• Shares withheld to satisfy tax on restricted stock units rather than an open-market sale

Negative

• None.

Insights

Corporate Insider Transactions Analyst

Insider reported share withholding to satisfy taxes; holding remains disclosed.

The Form 4 discloses a disposition tied to withholding of shares for tax on previously granted restricted stock units, not an open-market sale for cash. The filing records a per-share price of $570.24 and shows 12,699.33 shares held after the transaction.

This is a routine compensation-related transaction indicating the company processed tax withholding on equity awards; the filing documents compliance with reporting rules and updates beneficial ownership.

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
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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^*

Seshadri Raj

(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)
	Chief Commercial Pmts Officer

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		222(1)	D	$570.24	12,699.33	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 Raj Seshadri, pursuant to a power of attorney dated June 24, 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 Raj Seshadri report on Form 4 (MA)?

The filing reports a disposition on 10/01/2025 where shares were withheld to pay tax on previously granted restricted stock units.

How many shares did Raj Seshadri own after the reported transaction?

The Form 4 lists 12,699.33 shares beneficially owned following the transaction.

What price is shown on the Form 4 for the transaction?

The reported price per share in the filing is $570.24.

Was the Form 4 signed by Raj Seshadri?

The Form 4 was signed by Craig Brown as attorney-in-fact for Raj Seshadri, dated 10/03/2025.

Why were shares disposed according to the filing?

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