[Form 4] Marqeta, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marqeta, Inc. Chief Revenue Officer Todd Pollak reported equity compensation activity involving performance and restricted stock units rather than open-market trading. On June 1, 2026, he exercised awards covering 204,456 shares of Class A Common Stock, including performance stock units tied to adjusted EBITDA and gross profit targets and various restricted stock unit grants.
To cover tax obligations on these vestings, the issuer withheld 113,715 shares at a price of $4.35 per share, which the filing notes is not a market transaction. After these exercises and tax-withholding dispositions, Pollak directly owned 760,165 shares of Class A Common Stock. Footnotes explain that the Board determined performance conditions were met for awards granted in March 2024 and March 2025, in some cases at more than 100% of target.
Positive
- None.
Negative
- None.
Insider Trade Summary
204,456 shares exercised/converted
Mixed
24 txns
Insider
Pollak Todd
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 35,144 | $0.00 | -- |
| Exercise | Restricted Stock Units | 32,251 | $0.00 | -- |
| Exercise | Restricted Stock Units | 50,366 | $0.00 | -- |
| Exercise | Restricted Stock Units | 57,813 | $0.00 | -- |
| Exercise | Performance Stock Units (Gross Profit) | 9,675 | $0.00 | -- |
| Exercise | Performance Stock Units (Adjusted EBITDA) | 4,146 | $0.00 | -- |
| Exercise | Performance Stock Units (Gross Profit) | 10,543 | $0.00 | -- |
| Exercise | Performance Stock Units (Adjusted EBITDA) | 4,518 | $0.00 | -- |
| Exercise | Class A Common Stock | 57,813 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 31,513 | $4.35 | $137K |
| Exercise | Class A Common Stock | 35,144 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 19,033 | $4.35 | $83K |
| Exercise | Class A Common Stock | 32,251 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 17,440 | $4.35 | $76K |
| Exercise | Class A Common Stock | 50,366 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 27,413 | $4.35 | $119K |
| Exercise | Class A Common Stock | 9,558 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,948 | $4.35 | $22K |
| Exercise | Class A Common Stock | 5,352 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,699 | $4.35 | $12K |
| Exercise | Class A Common Stock | 11,476 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 6,003 | $4.35 | $26K |
| Exercise | Class A Common Stock | 9,036 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,666 | $4.35 | $20K |
Holdings After Transaction:
Restricted Stock Units — 246,008 shares (Direct, null);
Performance Stock Units (Gross Profit) — 155,545 shares (Direct, null);
Performance Stock Units (Adjusted EBITDA) — 66,662 shares (Direct, null);
Class A Common Stock — 775,567 shares (Direct, null)
Footnotes (1)
- Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act. Represents the vesting of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024, and includes 117 fewer shares acquired for performance at less than 100%. Represents the vesting of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024, and includes 1,205 additional shares acquired for performance at more than 100%. Represents the vesting of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2025, and includes 933 additional shares acquired for performance at more than 100%. Represents the vesting of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2025, and includes 4,518 additional shares acquired for performance at more than 100%. Each restricted stock unit is convertible into one share of Class A Common Stock. One-twelfth (1/12th) of the restricted stock units vest on June 1, 2025 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each September 1, December 1, March 1 and June 1 thereafter until fully vested, subject to the Reporting Person's continued service to the Issuer as of each vesting date. One-twelfth (1/12th) of the restricted stock units vested on June 1, 2024, and one-twelfth (1/12th) of the restricted stock units vest on each September 1, December 1, March 1 and June 1 thereafter until fully vested, subject to the Reporting Person's continued service with the Issuer as of each vesting date. One-fourth (1/4th) of the restricted stock units vested on December 1, 2023, and one-sixteenth (1/16th) of the restricted stock units vest on each March 1, June 1, September 1, and December 1 thereafter until fully vested, subject to the Reporting Person's continued service with the Issuer as of each vesting date. One-twelfth (1/12th) of the restricted stock units vested on June 1, 2026 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each September 1, December 1, March 1, and June 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date. Represents the disposition of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024. Represents the number of shares which may be issued at target under the performance stock unit ("PSU") over a period of time following achievement of certain profit targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the target number of shares would vest. Represents the number of shares which may be issued at target under the PSU over a period of time following achievement of certain adjusted EBITDA targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the target number of shares would vest. Represents the disposition of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2025.
