Marqeta (MQ) executive reports post-reverse-split stock, RSU and PSU holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marqeta, Inc. officer Crystal Sumner filed a Form 4 updating equity holdings after a 1-for-4 reverse stock split effective June 30, 2026. The filing shows direct ownership of 148,731 shares of Class A Common Stock, adjusted for the split, with cash paid in lieu of fractional shares.
Sumner also holds stock options to buy 24,570 and 189,542 shares of Class A Common Stock at an exercise price of $16.28 per share, expiring on March 14, 2033. In addition, several restricted stock unit awards cover 158,985, 68,321, 27,644, and 20,489 shares, each RSU convertible into one share.
The Form 4 further lists performance stock units tied to Rule of 40, gross profit and adjusted EBITDA metrics, including awards for 74,331, 20,496, 43,429, 8,784, and 18,612 shares at target. At maximum achievement under one grant, up to 200% of the target PSUs may vest, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Sumner Crystal
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Units (Adjusted EBITDA) | -- | -- | -- |
| holding | Performance Stock Units (Adjusted EBITDA) | -- | -- | -- |
| holding | Performance Stock Units (Gross Profit) | -- | -- | -- |
| holding | Performance Stock Units (Gross Profit) | -- | -- | -- |
| holding | Performance Stock Units (Rule of 40) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units (Adjusted EBITDA) — 18,612 shares (Direct, null);
Performance Stock Units (Gross Profit) — 43,429 shares (Direct, null);
Performance Stock Units (Rule of 40) — 74,331 shares (Direct, null);
Restricted Stock Units — 20,489 shares (Direct, null);
Stock Option (Right to Buy) — 189,542 shares (Direct, null);
Class A Common Stock — 148,731 shares (Direct, null)
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. Each performance stock unit ("PSU") is convertible into one share of Class A Common Stock. Represents the number of shares which may be issued at target under the PSU, granted March 15, 2024, over a period of time following achievement of certain EBITDA targets as set forth in the applicable PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. The number of shares subject to PSUs reflects the Reverse Stock Split. Represents the number of shares which may be issued at target under the PSU, granted March 15, 2026, over a period of time following achievement of certain EBITDA targets as set forth in the applicable PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. Represents the number of shares which may be issued at target under the PSU, granted March 15, 2024, over a period of time following achievement of certain profit targets as set forth in the applicable PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. Represents the number of shares which may be issued at target under the PSU, granted March 15, 2025, over a period of time following achievement of certain profit targets as set forth in the applicable PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. Represents the number of shares which may be issued at target under the PSU, granted March 16, 2026, over a period of time following achievement of certain gross profit and adjusted EBITDA targets as set forth in the applicable PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the shares would vest. Each restricted stock unit ("RSU") is convertible into one share of Class A Common Stock. This RSU grant, originally granted March 15, 2023 for 109,274 RSUs (post Reverse Stock Split), of which 88,785 RSUs have vested, vested as to one-sixteenth (1/16th) of the RSUs on March 1, 2024 and one-sixteenth (1/16th) of the remaining RSUs vest quarterly on each June 1, September 1, December 1 and March 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date. The number of shares subject to RSUs reflects the Reverse Stock Split. This RSU grant, originally granted March 15, 2024 for 110,676 RSUs (post Reverse Stock Split), of which 82,932 RSUs have vested, vested as to one-twelfth (1/12th) of the RSUs on June 1, 2024 and one-twelfth (1/12th) of the remaining RSUs 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. This RSU grant, originally granted March 15, 2025 for 117121 RSUs (post Reverse Stock Split), of which 48,800 RSUs (post Reverse Stock Split) have vested, vested as to one-twelfth (1/12th) of the RSUs 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, 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 vest on June 1, 2026 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each June 1, September 1, December 1, and March 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date. The per share exercise price and number of shares subject to the option reflect the Reverse Stock Split. With regard to this option grant, originally granted March 15, 2023, 159,999 options (post Reverse Stock Split) have vested, and an additional one-forty-eighth (1/48th) of the stock option vests each month until fully vested and exercisable, subject to the Reporting Person's continued service with the Issuer as of each vesting date. With regard to this option grant, originally granted March 15, 2023, 18,428 options (post Reverse Stock Split) have vested, and an additional 25% vests annually until fully vested and exercisable, subject to the Reporting Person's continued service with the Issuer as of each vesting date.
Key Figures
Direct common shares: 148,731 shares
Stock option block 1: 24,570 shares at $16.28/share
Stock option block 2: 189,542 shares at $16.28/share
+5 more
8 metrics
Direct common shares
148,731 shares
Class A Common Stock after 1-for-4 reverse stock split effective June 30, 2026
Stock option block 1
24,570 shares at $16.28/share
Stock Option (Right to Buy) expiring March 14, 2033
Stock option block 2
189,542 shares at $16.28/share
Stock Option (Right to Buy) expiring March 14, 2033
Largest RSU grant
158,985 shares
Restricted Stock Units convertible 1:1 into Class A Common Stock
Additional RSU grant
68,321 shares
Restricted Stock Units, terms reflect reverse stock split
Rule of 40 PSUs
74,331 shares at target
Performance Stock Units (Rule of 40) convertible 1:1 into Class A Common Stock
Gross profit PSUs
43,429 shares at target
Performance Stock Units (Gross Profit) tied to profit targets
Maximum PSU vesting
200% of target shares
Certain PSUs may vest up to 200% at maximum achievement
Key Terms
Reverse Stock Split, performance stock unit ("PSU"), restricted stock unit ("RSU"), Adjusted EBITDA, +1 more
5 terms
Reverse Stock Split financial
"The number of shares beneficially owned reflects the 1-for-4 reverse stock split effected June 30, 2026 (the "Reverse Stock Split")."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
performance stock unit ("PSU") financial
"Each performance stock unit ("PSU") is convertible into one share of Class A Common Stock."
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") is convertible into one share of Class A Common Stock."
Adjusted EBITDA financial
"granted March 16, 2026, over a period of time following achievement of certain gross profit and adjusted EBITDA targets as set forth"
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.
Rule of 40 financial
"Performance Stock Units (Rule of 40)"
The "rule of 40" is a simple guideline used by investors to assess the health of a company's growth and profitability. It adds a company's growth rate to its profit margin; if the total is 40% or higher, the company is generally considered to be performing well. This helps investors quickly gauge whether a company is balancing rapid growth with solid profits, much like checking if a car’s speed and fuel efficiency together are within a safe and efficient range.
FAQ
What does the Crystal Sumner Form 4 for Marqeta (MQ) report?
The Form 4 reports Crystal Sumner’s updated equity holdings in Marqeta after a 1-for-4 reverse stock split. It details common shares, stock options, restricted stock units, and performance stock units tied to financial performance targets and continued service conditions.
What stock options are disclosed for Crystal Sumner in the Marqeta Form 4?
The filing shows Sumner holds stock options to acquire 24,570 and 189,542 Marqeta Class A shares at an exercise price of $16.28 per share. These options expire on March 14, 2033, and their share counts and price already reflect the reverse stock split.
What restricted stock units (RSUs) are listed for Crystal Sumner at Marqeta?
The Form 4 lists several RSU grants for 158,985, 68,321, 27,644, and 20,489 shares of Class A Common Stock. Each RSU converts into one share, with vesting occurring in scheduled fractions over time, subject to Sumner’s continued service with Marqeta.
How are performance stock units (PSUs) structured in this Marqeta filing?
The PSUs are convertible into one share each and are tied to Rule of 40, gross profit, and adjusted EBITDA targets. Target awards include 74,331, 20,496, 43,429, 8,784, and 18,612 shares, with some grants allowing up to 200% of target shares at maximum achievement.
What is the significance of Marqeta’s 1-for-4 reverse stock split in this Form 4?
The reverse stock split consolidates every four shares into one, affecting share counts, RSUs, PSUs, and option terms. The Form 4 states all reported share numbers and per-share exercise prices for Crystal Sumner’s awards already reflect this split effective June 30, 2026.