Reverse split adjusts Marqeta (MQ) director Alpesh Chokshi’s stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marqeta, Inc. director Alpesh Chokshi reported updated holdings following a 1-for-4 reverse stock split effective June 30, 2026. After the adjustment, he directly holds 21,870 shares of Class A Common Stock. He also holds restricted stock units that are convertible into 13,054 and 6,397 shares of Class A Common Stock, which vest on future dates if he continues serving the company. The filing notes that cash was paid instead of issuing any fractional shares created by the reverse split.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
CHOKSHI ALPESH
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,397 shares (Direct);
Class A Common Stock — 21,870 shares (Direct)
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 restricted stock unit is convertible into one share of Class A Common Stock. This RSU grant, originally granted on June 13, 2024 for 19,193 RSUs (post Reverse Stock Split), of which 12,796 RSUs have vested, vest as to one-third (1/3rd) of the RSUs on June 13, 2027, subject to the Reporting Person's continued service with the Issuer as of each vesting date. The number of shares subject to RSUs reflects the Reverse Stock Split. This RSU grant, originally granted June 10, 2026 for 13,054 RSUs (post Reverse Stock Split), will 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
Direct Class A shares: 21,870 shares
RSUs underlying shares (grant 1): 13,054 shares
RSUs underlying shares (grant 2): 6,397 shares
+4 more
7 metrics
Direct Class A shares
21,870 shares
Total Class A Common Stock held directly after reverse split
RSUs underlying shares (grant 1)
13,054 shares
Restricted stock units convertible into Class A Common Stock
RSUs underlying shares (grant 2)
6,397 shares
Additional restricted stock units convertible into Class A Common Stock
Reverse stock split ratio
1-for-4
Reverse Stock Split effective June 30, 2026
RSU grant size (2024 grant)
19,193 RSUs
Originally granted June 13, 2024, post Reverse Stock Split
Vested portion of 2024 RSUs
12,796 RSUs
Portion of June 13, 2024 RSU grant that has vested
RSU grant size (2026 grant)
13,054 RSUs
Grant originally made June 10, 2026, post Reverse Stock Split
Key Terms
Reverse Stock Split, Restricted Stock Units, beneficially owned, vesting, +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.
Restricted Stock Units financial
"This RSU grant, originally granted on June 13, 2024 for 19,193 RSUs (post Reverse Stock Split), of which 12,796 RSUs have vested..."
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.
beneficially owned financial
"The number of shares beneficially owned reflects the 1-for-4 reverse stock split effected June 30, 2026..."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
vesting financial
"vest as to one-third (1/3rd) of the RSUs on June 13, 2027, subject to the Reporting Person's continued service..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Marqeta (MQ) director Alpesh Chokshi report in this Form 4?
He reported his updated post–reverse-split holdings in Marqeta stock. The filing shows 21,870 Class A shares held directly and two restricted stock unit awards convertible into additional shares, with no new buy or sell transactions reported.
What restricted stock units does Alpesh Chokshi hold in Marqeta (MQ)?
He holds restricted stock units
What is the reverse stock split described for Marqeta (MQ)?
Marqeta implemented a 1-for-4 reverse stock split
When do Alpesh Chokshi’s Marqeta (MQ) RSUs vest?
One RSU grant is scheduled to vest one-third on June 13, 2027
Did this Marqeta (MQ) Form 4 show any stock being bought or sold?
The filing reflects holdings after a reverse split