Were Sandra A. Arkell’s Mastercard (MA) share sales under a Rule 10b5-1 plan?

Yes. The filing states the transactions were executed under a pre-planned trading plan adopted in accordance with Rule 10b5-1 . Such plans allow insiders to schedule trades in advance for personal financial management purposes.

Mastercard (MA) controller sells 400 Class A shares in 10b5-1 trades

Q: On what dates did Sandra A. Arkell sell Mastercard (MA) shares and at what price?

Sandra A. Arkell sold 200 shares on July 6, 2026 and another 200 shares on July 7, 2026. Each sale was executed at a price of $540.00 per share in open-market transactions reported on Form 4.

Q: Did Sandra A. Arkell acquire additional Mastercard (MA) shares through an employee program?

Yes. The filing notes that her reported holdings include 45.958 shares of Class A Common Stock acquired in May 2026 under Mastercard’s Employee Stock Purchase Plan , which lets employees buy company stock on favorable terms.

Q: What type of security did Sandra A. Arkell trade in this Mastercard (MA) Form 4?

All reported transactions involve Class A Common Stock of Mastercard Inc. There were no derivative securities reported, and the Form 4 lists only non-derivative open-market sales at a per-share price of $540.00.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Mastercard Inc Controller Sandra A. Arkell reported open-market sales of Class A Common Stock. She sold 200 shares at $540.00 per share on July 6, 2026 and another 200 shares at $540.00 per share on July 7, 2026, for total reported sales of 400 shares. Following these transactions, she directly holds 3,121.969 shares of Class A Common Stock. The sales were executed under a pre-planned trading plan adopted in accordance with Rule 10b5-1 for personal financial management purposes. Her reported holdings also reflect 45.958 shares acquired in May 2026 through Mastercard’s Employee Stock Purchase Plan.

Insider Trade Summary 10b5-1

Net Seller: 400 shares ($216,000)

Net Sell 2 txns

Insider Arkell Sandra A

Role Controller

Sold 400 shs ($216K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	200	$540.00	$108K
Sale	Class A Common Stock	200	$540.00	$108K

Holdings After Transaction: Class A Common Stock — 3,121.969 shares (Direct, null)

Footnotes (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 February 9, 2026. Reflects 45.958 shares of Class A Common Stock acquired by the reporting person in May 2026 pursuant to the company's Employee Stock Purchase Plan.

Key Figures

Shares sold July 7, 2026: 200 shares at $540.00/share Shares sold July 6, 2026: 200 shares at $540.00/share Total shares sold: 400 shares +3 more

6 metrics

Shares sold July 7, 2026 200 shares at $540.00/share Open-market sale of Class A Common Stock

Shares sold July 6, 2026 200 shares at $540.00/share Open-market sale of Class A Common Stock

Total shares sold 400 shares Aggregate of two open-market sales reported

Shares held after transactions 3,121.969 shares Direct holdings of Class A Common Stock after sales

ESPP shares acquired 45.958 shares Class A shares acquired in May 2026 via ESPP

Rule 10b5-1 plan Pre-planned trading plan Sales made under Rule 10b5-1 for personal financial management

Key Terms

Rule 10b5-1, pre-planned trading plan, Employee Stock Purchase Plan, Class A Common Stock

4 terms

Rule 10b5-1 regulatory

"pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934"

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 financial

"The transaction was effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1"

Employee Stock Purchase Plan financial

"shares of Class A Common Stock acquired by the reporting person in May 2026 pursuant to the company's Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Class A Common Stock financial

"Reflects 45.958 shares of Class A Common Stock acquired by the reporting person"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/08/2026 - 04:06 PM Accepted by SEC EDGAR 07/08/2026 - 04:06 PM

FAQ

What insider transactions did Mastercard (MA) report for Sandra A. Arkell?

Mastercard’s Controller, Sandra A. Arkell, reported selling a total of 400 Class A shares in open-market transactions at $540.00 per share. These sales occurred over two days and were made under a pre-planned Rule 10b5-1 trading plan.

On what dates did Sandra A. Arkell sell Mastercard (MA) shares and at what price?

Sandra A. Arkell sold 200 shares on July 6, 2026 and another 200 shares on July 7, 2026. Each sale was executed at a price of $540.00 per share in open-market transactions reported on Form 4.

How many Mastercard (MA) shares does Sandra A. Arkell hold after these sales?

After the reported transactions, Sandra A. Arkell directly holds 3,121.969 shares of Mastercard Class A Common Stock. This post-transaction holding includes shares acquired through the company’s Employee Stock Purchase Plan in May 2026.

Did Sandra A. Arkell acquire additional Mastercard (MA) shares through an employee program?

Yes. The filing notes that her reported holdings include 45.958 shares of Class A Common Stock acquired in May 2026 under Mastercard’s Employee Stock Purchase Plan, which lets employees buy company stock on favorable terms.

What type of security did Sandra A. Arkell trade in this Mastercard (MA) Form 4?

All reported transactions involve Class A Common Stock of Mastercard Inc. There were no derivative securities reported, and the Form 4 lists only non-derivative open-market sales at a per-share price of $540.00.

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^*

Arkell Sandra A

(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)
	Controller

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026

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	07/06/2026		S		200⁽¹⁾	D	$540	3,321.969⁽²⁾	D
Class A Common Stock	07/07/2026		S		200⁽¹⁾	D	$540	3,121.969	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)

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 February 9, 2026.

2. Reflects 45.958 shares of Class A Common Stock acquired by the reporting person in May 2026 pursuant to the company's Employee Stock Purchase Plan.

Remarks:

	/s/ Craig R. Brown, as attorney-in-fact for Sandra Arkell pursuant to a power of attorney dated July 9, 2025	07/08/2026
	** 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