Marqeta CRO settles 51K units, withholds 29K
Marqeta’s chief revenue officer reported the vesting and tax settlement of multiple stock and performance unit awards on September 1, 2026.
Rhea-AI Filing Summary
Marqeta, Inc. (MQ) reported that Chief Revenue Officer Todd Pollak had multiple equity awards settle on September 1, 2026. A total of 51,114 restricted and performance stock units converted into Class A Common Stock, and 28,952 shares were delivered or withheld to cover tax withholding obligations at $16.17 per share. The transactions are reported as exempt from short-swing profit rules under Section 16(b), and certain performance stock units may vest up to 200% of target based on profit and adjusted EBITDA goals.
Positive
- None.
Negative
- None.
Insider Trade Summary
51,114 shares exercised/converted
Exercise
24 txns
Insider
Pollak Todd
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F7, F1, F8 | 12,591 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F7, F1, F9 | 8,062 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F7, F1, F10 | 8,786 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F7, F1, F11 | 14,453 | $0.00 | $0.00 |
| Exercise | Performance Stock Units (Gross Profit) F7, F1, F12, F13 | 2,419 | $0.00 | $0.00 |
| Exercise | Performance Stock Units (Adjusted EBITDA) F7, F1, F12, F14 | 1,037 | $0.00 | $0.00 |
| Exercise | Performance Stock Units (Gross Profit) F7, F1, F15, F13 | 2,636 | $0.00 | $0.00 |
| Exercise | Performance Stock Units (Adjusted EBITDA) F7, F1, F15, F14 | 1,130 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 12,591 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 6,910 | $16.17 | $112K |
| Exercise | Class A Common Stock F1 | 8,062 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 4,425 | $16.17 | $72K |
| Exercise | Class A Common Stock F1 | 8,786 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 4,822 | $16.17 | $78K |
| Exercise | Class A Common Stock F1 | 14,453 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 7,932 | $16.17 | $128K |
| Exercise | Class A Common Stock F1, F3 | 2,390 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 1,312 | $16.17 | $21K |
| Exercise | Class A Common Stock F1, F4 | 1,339 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 735 | $16.17 | $12K |
| Exercise | Class A Common Stock F1, F5 | 2,870 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 1,575 | $16.17 | $25K |
| Exercise | Class A Common Stock F1, F6 | 2,260 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F2 | 1,241 | $16.17 | $20K |
Holdings After Transaction:
Restricted Stock Units — 225,966 contracts (Direct);
Performance Stock Units (Gross Profit) — 52,281 contracts (Direct);
Performance Stock Units (Adjusted EBITDA) — 22,405 contracts (Direct);
Class A Common Stock — 208,807 shares (Direct)
Footnotes (15)
- F1. 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.
- F2. 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.
- F3. 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 29 fewer shares acquired for performance at less than 100%.
- F4. 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 302 additional shares acquired for performance at more than 100%.
- F5. 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 234 additional shares acquired for performance at more than 100%.
- F6. 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 1,130 additional shares acquired for performance at more than 100%.
- F7. Each restricted stock unit is convertible into one share of Class A Common Stock.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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 until fully vested, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
- F12. 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.
- F13. 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.
- F14. 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.
- F15. 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.
Key Figures
Equity awards converted into Class A Common Stock: 51,114 shares
Shares delivered or withheld for tax obligations: 28,952 shares
Tax withholding reference price: $16.17 per share
+3 more
6 metrics
Equity awards converted into Class A Common Stock
51,114 shares
Total derivative exercises and conversions reported for September 1, 2026
Shares delivered or withheld for tax obligations
28,952 shares
Shares used to satisfy tax withholding and remittance at vesting
Tax withholding reference price
$16.17 per share
Price applied to shares delivered or withheld for tax obligations
Derivative award exercises
8 transactions, 51,114 underlying shares
Restricted and performance stock units exercised or converted
Tax-related share dispositions
8 transactions, 28,952 shares
Shares delivered or withheld to pay exercise price or tax liability
Maximum PSU vesting multiplier
200% of target shares
Potential vesting at maximum achievement under performance stock unit terms
Key Terms
restricted stock unit, performance stock unit, adjusted EBITDA, Section 16(b), +2 more
6 terms
restricted stock unit financial
"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"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance stock unit financial
"Represents the number of shares which may be issued at target under the performance stock unit ("PSU") over a period of time"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
adjusted EBITDA financial
"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"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
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-3(e) regulatory
"Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act"
Rule 16b-6(b) regulatory
"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"
FAQ
What insider equity activity did Marqeta (MQ) report for Todd Pollak?
Marqeta reported that Chief Revenue Officer Todd Pollak had 51,114 restricted and performance stock units convert into Class A Common Stock on September 1, 2026, reflecting scheduled vesting and performance-based settlement of prior equity awards.
Were Todd Pollak’s Marqeta (MQ) equity transactions made under a Rule 10b5-1 plan?
No Rule 10b5-1 trading plan is reported. The document-level checkbox for trades under a Rule 10b5-1 plan is not selected, and the footnotes do not state that any of the transactions were executed pursuant to such a plan.
Are Todd Pollak’s Marqeta (MQ) transactions exempt from Section 16(b)?
Yes. The filing states that certain equity award conversions are exempt from Section 16(b) of the Exchange Act under Rule 16b-6(b), and that shares withheld for taxes are exempt under Rule 16b-3(e).
How are Todd Pollak’s Marqeta (MQ) performance stock units structured?
Footnotes explain that performance stock units tied to profit and adjusted EBITDA may settle in shares at target levels over time, and that at maximum achievement, 200% of the target number of shares would vest, subject to continued service and performance conditions.
What performance periods are referenced for Todd Pollak’s Marqeta (MQ) awards?
The filing notes performance share awards granted on March 15, 2024 and March 15, 2025. Shares vested after the board determined that related performance conditions were met, with some tranches settling at less than 100% and others at more than 100% of target.
AI-generated analysis. How Rhea-AI works. Not financial advice.
