MQ Insider Sale: Sumner Crystal Disposes 45,500 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Sumner Crystal, Chief Administrative Officer and Corporate Secretary of Marqeta, Inc. (MQ), reported the sale of 45,500 Class A common shares on 09/09/2025 at a weighted average price of $5.9989 per share (individual trade prices ranged from $5.96 to $6.06). After the reported transactions, the reporting person beneficially owned 282,754 shares. The filing indicates the sale was made pursuant to a written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1. The Form 4 was signed by an attorney-in-fact.

Positive

• Sale documented under a Rule 10b5-1 plan, indicating a pre-arranged trading plan intended to provide an affirmative defense
• Complete disclosure of weighted-average price range ($5.96 to $6.06) and post-transaction beneficial ownership (282,754 shares)

Negative

• Insider sale of 45,500 shares by an officer, which reduces the officers direct holdings and may be viewed as insider liquidity
• No information provided on remaining economic interest beyond beneficially owned share count (e.g., no detail on other indirect holdings or option positions)

Insights

Securities Analyst

TL;DR: Officer sold 45,500 MQ shares under a 10b5-1 plan; remaining stake 282,754 shares.

The sale of 45,500 Class A shares represents a material disposition by an officer but is documented as executed under a 10b5-1 plan, which generally provides pre-arranged sale scheduling and an affirmative defense for trading while in possession of material nonpublic information. The weighted average price was $5.9989 with trades between $5.96 and $6.06, and the filing reports the post-transaction beneficial ownership as 282,754 shares. No other transactions or derivative positions are reported. This is a straightforward insider liquidity event with disclosure consistent with Section 16 requirements.

Corporate Governance Expert

TL;DR: Transaction follows a Rule 10b5-1 plan and was certified by counsel; disclosure appears complete.

The checkbox indicating the transaction was made pursuant to a contract or written plan (Rule 10b5-1) and the explanatory footnote about weighted average pricing support compliance with disclosure norms. The form identifies the reporting persons role and shows an attorney-in-fact executed the filing. There are no indications in the filing of amendments, derivative transactions, or other arrangements. From a governance perspective, the reporting and documentation meet standard Section 16 disclosure expectations.

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).

X

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^*

Sumner Crystal

(Last) (First) (Middle)

180 GRAND AVENUE

6TH FLOOR

(Street)

OAKLAND CA 94612

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Marqeta, Inc. [ MQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/09/2025		S		45,500	D	$5.9989(1)	282,754	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.96 to $6.06 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

Chief Administrative Officer and Corporate Secretary

	/s/ Tracy Foard, Attorney-in-Fact	09/11/2025
	** 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.

FAQ

What did Sumner Crystal do in the Form 4 for Marqeta (MQ)?

Sumner Crystal reported the sale of 45,500 Class A shares on 09/09/2025 at a weighted average price of $5.9989 per share.

How many MQ shares did Sumner Crystal own after the reported sale?

The filing reports 282,754 shares beneficially owned by the reporting person following the transactions.

Was the sale by the Marqeta officer part of a 10b5-1 plan?

Yes. The filing includes a checked box indicating the transaction was made pursuant to a written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1.

What price range is disclosed for the MQ share sales?

The explanatory footnote states trades occurred at prices ranging from $5.96 to $6.06 per share; the weighted average reported is $5.9989.

Who signed the Form 4 filing for this transaction?

The Form 4 was signed by an attorney-in-fact, Tracy Foard, on 09/11/2025.