Jason Gardner (MQ) updates Marqeta post–reverse-split holdings and options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marqeta, Inc. director and more-than-10% owner Jason M. Gardner filed an update of his holdings rather than a new buy or sell. The filing reflects a 1-for-4 reverse stock split effective June 30, 2026, with cash paid instead of fractional shares.
Post-split entries show indirect holdings of Class A Common Stock in amounts including 73,333 shares and 3,556,343 shares, and several indirect Class B positions that are each convertible into Class A on a one-for-one basis. Gardner also directly holds stock options over 302,409, 114,583 and 192,639 shares of Class B Common Stock at exercise prices of $41.92, $9.00 and $1.60 per share, respectively, all fully vested and exercisable.
Some shares are held through family trusts and 2025 GRATs, and certain children’s trusts where an independent institution serves as trustee and Gardner disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Gardner Jason M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 4,856,369 shares (Indirect, See Footnote);
Stock Option (Right to Buy) — 192,639 shares (Direct, null);
Class A Common Stock — 3,556,343 shares (Indirect, See Footnote)
Footnotes (1)
- The number of shares beneficially owned reflects the 1-for-4 reverse stock split effected June 30, 2026 (the "Reverse Stock Split"). Cash was paid in lieu of any fractional shares resulting from the Reverse Stock Split. The shares are held of record by Jason Gardner and Jocelyne Gardner as trustees of The Gardner 2008 Living Trust dated March 22, 2008. The shares are held of record by trusts for the benefit of the Reporting Person's children and of which the trustee is an independent institution. The Reporting Person disclaims beneficial ownership of the shares held in the trusts for the benefit of the Reporting Person's children. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and upon the occurrence of other events set forth in the Issuer's Certificate of Incorporation. The shares are held directly by the Jason Gardner 2025 GRAT dated May 14, 2025, for which the Reporting Person is trustee. The shares are held directly by the Jocelyne Gardner 2025 GRAT dated May 14, 2025, for which the spouse of the Reporting Person is trustee. The per share exercise price and number of shares subject to the option reflect the Reverse Stock Split. All of the shares subject to this option are fully vested and exercisable as of the date hereof.
Key Figures
Indirect Class A holding: 73,333 shares
Indirect Class A holding: 3,556,343 shares
Option at $41.92: 302,409 shares
+5 more
8 metrics
Indirect Class A holding
73,333 shares
Class A Common Stock held indirectly after June 30, 2026
Indirect Class A holding
3,556,343 shares
Class A Common Stock held indirectly after June 30, 2026
Option at $41.92
302,409 shares
Stock option on Class B Common Stock, exercise price $41.92, expires Feb 10, 2031
Option at $9.00
114,583 shares
Stock option on Class B Common Stock, exercise price $9.00, expires May 4, 2030
Option at $1.60
192,639 shares
Stock option on Class B Common Stock, exercise price $1.60, expires Feb 23, 2029
Indirect Class B position
492,134 shares
Class B Common Stock convertible into Class A on 1:1 basis
Large indirect Class B holding
4,856,369 shares
Class B Common Stock convertible into Class A on 1:1 basis
Reverse stock split ratio
1-for-4
Reverse stock split effective June 30, 2026, with cash for fractions
Key Terms
1-for-4 reverse stock split, Class B Common Stock, beneficial ownership, GRAT, +1 more
5 terms
1-for-4 reverse stock split financial
"The number of shares beneficially owned reflects the 1-for-4 reverse stock split effected June 30, 2026"
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
beneficial ownership financial
"The number of shares beneficially owned reflects the 1-for-4 reverse stock split"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
GRAT financial
"The shares are held directly by the Jason Gardner 2025 GRAT dated May 14, 2025"
fully vested and exercisable financial
"All of the shares subject to this option are fully vested and exercisable as of the date hereof"
FAQ
What does Jason Gardner’s latest Form 4 for Marqeta (MQ) report?
The filing reports Jason Gardner’s updated share and option holdings after a 1-for-4 reverse stock split on June 30, 2026. It lists indirect Class A and Class B positions and several fully vested stock options, but no new purchases or sales.
How did Marqeta’s 1-for-4 reverse stock split affect Gardner’s reported holdings?
The filing states that beneficial ownership figures reflect a 1-for-4 reverse stock split effective June 30, 2026. Share counts and option amounts were adjusted accordingly, with cash paid instead of fractional shares, and updated positions shown across common stock and option entries.
What stock options does Jason Gardner hold in Marqeta (MQ) after this update?
Gardner directly holds options over 302,409, 114,583 and 192,639 shares of Class B Common Stock. The respective exercise prices are $41.92, $9.00 and $1.60 per share, all fully vested and exercisable, with expirations in 2031, 2030 and 2029.
How are trusts and GRATs used in Jason Gardner’s Marqeta (MQ) holdings?
The filing explains that some shares are held by a 2008 living trust, 2025 GRATs for Jason and Jocelyne Gardner, and trusts for their children. An independent institution serves as trustee for children’s trusts, and Gardner disclaims beneficial ownership of those specific shares.
What is the relationship between Marqeta Class B and Class A Common Stock in this Form 4?
Each share of Class B Common Stock is convertible into one share of Class A Common Stock. The filing lists several Class B positions, all with a $0.00 exercise price and one-for-one convertibility, linking Class B holdings to equivalent potential Class A shares.