Mastercard (MA) director Harit Talwar granted 509 fully vested restricted shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Talwar Harit reported acquisition or exercise transactions in this Form 4 filing.

Mastercard director Harit Talwar received a grant of 509 shares of Class A Common Stock as a restricted stock award. The award was fully vested on June 16, 2026, the grant date, but the shares are subject to transfer restrictions until June 16, 2030. Following this award, Talwar directly holds 3,175 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Talwar Harit

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	509	$0.00	--

Holdings After Transaction: Class A Common Stock — 3,175 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Restricted stock award: 509 shares Holdings after transaction: 3,175 shares Grant price per share: $0.0000 per share +2 more

5 metrics

Restricted stock award 509 shares Grant of Class A Common Stock on June 16, 2026

Holdings after transaction 3,175 shares Total Class A Common Stock directly held after grant

Grant price per share $0.0000 per share Indicates no cash paid by insider for awarded shares

Transfer restriction end date June 16, 2030 Restricted stock cannot be transferred before this date

Transaction code A (grant/award acquisition) Non-derivative acquisition of Class A Common Stock

Key Terms

restricted stock award, Class A Common Stock, transfer restrictions, transaction code A

4 terms

restricted stock award financial

"Represents restricted stock award that was fully vested on June 16, 2026"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

Class A Common Stock financial

"security_title: "Class A Common Stock" in the non-derivative transaction"

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.

transfer restrictions financial

"subject to transfer restrictions until June 16, 2030"

Transfer restrictions are legal or contractual limits that prevent or delay selling, gifting, or otherwise moving ownership of a security. Think of them like a temporary lock on a share that can be imposed by law, a contract, or a registrar: they matter to investors because they reduce liquidity, can delay when holders can realize cash, and often affect a security’s market value and attractiveness to buyers.

transaction code A regulatory

"transaction_code: "A" with description Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

06/18/2026 - 04:14 PM

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^*

Talwar Harit

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026

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	06/16/2026		A		509⁽¹⁾	A	$0	3,175	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. Represents restricted stock award that was fully vested on June 16, 2026, the date of grant, but is subject to transfer restrictions until June 16, 2030.

Remarks:

	/s/ Craig Brown, as attorney-in-fact for Harit Talwar, pursuant to a power of attorney dated June 23, 2025	06/18/2026
	** 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

FAQ

What insider transaction did Mastercard (MA) report for Harit Talwar?

Mastercard reported that director Harit Talwar received a grant of 509 shares of Class A Common Stock as a restricted stock award. The award was fully vested on June 16, 2026, but the shares cannot be transferred until June 16, 2030.

Was Harit Talwar’s Mastercard (MA) Form 4 transaction a market purchase or a grant?

The transaction was a grant, not a market purchase. Harit Talwar acquired 509 shares through a restricted stock award classified as a grant or award acquisition, with no cash price per share reported in the filing data.

How many Mastercard (MA) shares does Harit Talwar hold after this Form 4 transaction?

After the transaction, Harit Talwar directly holds 3,175 shares of Mastercard Class A Common Stock. This total reflects his position following the 509-share restricted stock award reported as of the June 16, 2026 grant date.

What are the vesting and transfer terms of Harit Talwar’s Mastercard restricted stock award?

The 509-share restricted stock award was fully vested on June 16, 2026, the grant date. However, the filing notes that these shares are subject to transfer restrictions and cannot be transferred until June 16, 2030, despite being fully vested.

Does the Mastercard (MA) Form 4 show any insider sales by Harit Talwar?

No insider sales are shown in this Form 4. The filing reports only an acquisition via a grant of 509 restricted shares, with no sell transactions or dispositions indicated in the transaction summary for the reported date.

How is the transaction in Harit Talwar’s Mastercard (MA) Form 4 classified?

The transaction is classified with code “A,” indicating a grant, award, or other acquisition. The normalized description identifies it as a grant or award acquisition of 509 shares of Class A Common Stock, directly owned by Harit Talwar after the transaction.