Marqeta (MQ) director Linville exercises 45,372 RSUs and receives 65,274-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marqeta, Inc. director Judson C. Linville reported routine equity compensation activity involving Class A Common Stock and restricted stock units (RSUs). On June 10, 2026, previously granted RSUs for 45,372 shares that had vested in full were exercised and converted into the same number of Class A shares at a stated price of $0.00 per share, with no reported sale of stock. Following this exercise, Linville directly held 165,028 shares of Class A Common Stock, which are noted as held jointly with his spouse.
On the same date, Linville received a new grant of 65,274 RSUs, each convertible into one share of Class A Common Stock. All of these RSUs will vest in full on the earlier of June 10, 2027 or Marqeta’s next annual meeting of stockholders, subject to continued service, with vesting ceasing if he stops providing services unless the board determines otherwise. The transactions are reported as exempt from Section 16(b) under Rule 16b-6(b) and represent compensation and derivative exercises rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
45,372 shares exercised/converted
Mixed
4 txns
Insider
Linville Judson C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 45,372 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 65,274 | $0.00 | -- |
| Exercise | Class A Common Stock | 45,372 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 165,028 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. Held jointly with spouse Each restricted stock unit is convertible into one share of Class A Common Stock. Restricted stock units granted on June 12, 2025, the date of the Issuer's 2025 Annual Meeting of Stockholders, that vested in full on June 10, 2026, the date of the Issuer's 2026 Annual Meeting of Stockholders. All of the shares vest in full on the earlier of (i) June 10, 2027 or (ii) the Issuer's next annual meeting of stockholders; provided, however, that all vesting will cease if the Reporting Person ceases to provide services to the Issuer, unless the Issuer's Board of Directors determines otherwise prior to the cessation of such services.
Key Figures
RSUs exercised: 45,372 shares
Exercise price: $0.00 per share
Shares held after exercise: 165,028 shares
+3 more
6 metrics
RSUs exercised
45,372 shares
Vested RSUs converted to Class A Common Stock on June 10, 2026
Exercise price
$0.00 per share
Price for RSU conversion into Class A Common Stock
Shares held after exercise
165,028 shares
Direct Class A Common Stock holdings after RSU exercise
New RSU grant
65,274 RSUs
Restricted stock units granted on June 10, 2026
RSU vesting date
June 10, 2027
New RSUs vest earlier of June 10, 2027 or next annual meeting
Section 16(b) exemption
Rule 16b-6(b)
Transactions exempt from short-swing profit rules
Key Terms
Restricted Stock Units, Section 16(b), Rule 16b-6(b), Annual Meeting of Stockholders, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit is convertible into one share of Class A Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Section 16(b) regulatory
"Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934."
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-6(b) regulatory
"pursuant to Rule 16b-6(b) promulgated under the Act."
Annual Meeting of Stockholders financial
"the date of the Issuer's 2026 Annual Meeting of Stockholders."
Class A Common Stock financial
"Each restricted stock unit is convertible into one share of Class A Common Stock."
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.
FAQ
What insider activity did Marqeta (MQ) disclose for director Judson C. Linville?
Marqeta reported that director Judson C. Linville exercised 45,372 vested restricted stock units into Class A Common Stock and received a new grant of 65,274 RSUs. These transactions reflect equity compensation and derivative exercises, with no open-market stock sales disclosed.
What are the vesting terms of the new 65,274 RSUs granted to Marqeta (MQ) director Linville?
The 65,274 RSUs granted to Linville vest in full on the earlier of June 10, 2027 or Marqeta’s next annual meeting of stockholders. Vesting stops if he ceases providing services, unless Marqeta’s board decides otherwise before his service ends, making the award service-based.
Were the Marqeta (MQ) insider transactions open-market buys or sales?
The reported transactions are not open-market trades. They involve the exercise of 45,372 vested RSUs into Class A Common Stock at a stated price of $0.00 and a grant of 65,274 new RSUs. No open-market purchases or sales of Marqeta shares are disclosed.
What prior RSU grant for Marqeta (MQ) stock vested for director Linville on June 10, 2026?
The exercised 45,372 RSUs were granted on June 12, 2025, the date of Marqeta’s 2025 annual meeting of stockholders. They vested in full on June 10, 2026, the date of the 2026 annual meeting, and were then converted into an equal number of Class A Common shares.
Are Marqeta (MQ) director Linville’s transactions exempt from Section 16(b) short-swing rules?
Yes. The Form 4 notes that the transactions are exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-6(b). This exemption typically applies to certain derivative exercises, such as RSU conversions, treated differently from ordinary short-swing profit transactions.