Marqeta CEO updates holdings after reverse stock split
Marqeta, Inc. Chief Executive Officer Michael Milotich reported updated equity holdings following a 1-for-4 reverse stock split effective June 30, 2026.
Rhea-AI Filing Summary
Marqeta, Inc. Chief Executive Officer Michael Milotich reported updated equity holdings following a 1-for-4 reverse stock split effective June 30, 2026. He directly holds 330,695 shares of Class A Common Stock after the split, with cash paid in lieu of fractional shares.
He also holds stock options over 140,171, 171,679 and 203,690 shares of Class A Common Stock at exercise prices of $16.28, $39.36 and $34.88 per share, respectively, all reflecting the reverse split. In addition, he holds multiple restricted stock unit and performance stock unit awards, each convertible into one share of Class A Common Stock at target levels, tied to continued service and performance metrics such as gross profit and adjusted EBITDA.
Positive
- None.
Negative
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Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Milotich Michael
Role
Chief Executive Officer
| 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 | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units (Adjusted EBITDA) — 30,348 contracts (Direct);
Performance Stock Units (Gross Profit) — 70,812 contracts (Direct);
Performance Stock Units (Rule of 40) — 154,236 contracts (Direct);
Restricted Stock Units — 593,664 contracts (Direct);
Stock Option (Right to Buy) — 515,540 contracts (Direct);
Class A Common Stock — 330,695 shares (Direct)
Footnotes (16)
- F1. 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.
- F2. Each performance stock unit ("PSU") is convertible into one share of Class A Common Stock.
- F3. 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.
- F4. The number of shares subject to PSUs reflects the Reverse Stock Split.
- F5. 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 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
- F6. 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.
- F7. 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.
- F8. 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.
- F9. Each restricted stock unit ("RSU") is convertible into one share of Class A Common Stock.
- F10. This RSU grant, originally granted March 15, 2024 for 149,278 RSUs (post Reverse Stock Split), of which 111,959 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.
- F11. The number of shares subject to RSUs reflects the Reverse Stock Split.
- F12. This RSU grant, originally granted March 15, 2025 for 125,509 RSUs (post Reverse Stock Split), of which 52,295 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.
- F13. This RSU grant, originally granted September 15, 2025 for 204,315 RSUs (post Reverse Stock Split), of which 51,079 RSUs (post Reverse Stock Split) have vested, vested as to one-twelfth (1/12th) of the RSUs on December 1, 2025 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each March 1 and June 1, September 1 and December 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
- F14. This RSU grant, originally granted March 16, 2026 for 359,886 RSUs (post Reverse Stock Split), of which 29,991 RSUs (post Reverse Stock Split) have vested, vested as to one-twelfth (1/12th) of the RSUs 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, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
- F15. The per share exercise price and number of shares subject to the option reflect the Reverse Stock Split.
- F16. All of the shares subject to this option are fully vested and exercisable as of the date hereof.
Key Figures
Direct Class A share holdings: 330,695 shares
Option at $16.28: 140,171 shares at $16.28/share
Option at $39.36: 171,679 shares at $39.36/share
+5 more
8 metrics
Direct Class A share holdings
330,695 shares
Class A Common Stock held directly after 1-for-4 reverse stock split effective June 30, 2026
Option at $16.28
140,171 shares at $16.28/share
Stock Option (Right to Buy) for Class A Common Stock, expiration March 14, 2033, post–reverse split
Option at $39.36
171,679 shares at $39.36/share
Stock Option (Right to Buy) for Class A Common Stock, expiration May 20, 2032, post–reverse split
Option at $34.88
203,690 shares at $34.88/share
Stock Option (Right to Buy) for Class A Common Stock, expiration March 14, 2032, post–reverse split
Largest RSU position
359,886 RSUs originally granted
RSU grant on March 16, 2026, post–reverse split, with 29,991 RSUs vested and remaining vesting quarterly
Rule of 40 PSUs
154,236 PSUs at target
Performance Stock Units (Rule of 40), each convertible into one Class A share at target, reflecting reverse stock split
Gross Profit PSUs (2026 grant)
48,848 PSUs at target
Performance Stock Units (Gross Profit) that may be issued at target under the March 16, 2026 grant
Adjusted EBITDA PSUs (2026 grant)
20,935 PSUs at target
Performance Stock Units (Adjusted EBITDA) under March 16, 2026 grant, with up to 200% vesting at maximum performance
Key Terms
Reverse Stock Split, Restricted Stock Units, Performance Stock Units, Adjusted EBITDA, +2 more
6 terms
Reverse Stock Split financial
"The number of shares beneficially owned reflects the 1-for-4 reverse stock split effected June 30, 2026"
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
"Each restricted stock unit ("RSU") 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.
Performance Stock Units financial
"Each performance stock unit ("PSU") is convertible into one share of Class A Common Stock."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Adjusted EBITDA financial
"achievement of certain EBITDA targets as set forth in the applicable PSU agreement"
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.
Class A Common Stock financial
"Each performance stock unit ("PSU") 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Marqeta (MQ) CEO Michael Milotich report in this Form 4?
He reported his updated post–reverse stock split holdings. Milotich now directly owns 330,695 Class A shares and a range of options, RSUs, and PSUs that are all adjusted for the 1-for-4 reverse stock split effective June 30, 2026.
What stock options does Marqeta (MQ) CEO Michael Milotich hold?
He holds options over 140,171 shares at $16.28, 171,679 shares at $39.36, and 203,690 shares at $34.88 per share. All shares and exercise prices are adjusted for the June 30, 2026 1-for-4 reverse stock split described in the filing.
What restricted stock units (RSUs) are reported for Marqeta (MQ) CEO Michael Milotich?
The filing shows several RSU awards, including grants originally for 149,278, 125,509, 204,315 and 359,886 RSUs post-split. Each RSU converts into one Class A share and vests in twelfths on quarterly dates, subject to Milotich’s continued service to Marqeta.
What performance stock units (PSUs) tied to Marqeta (MQ) metrics does the CEO hold?
He holds PSUs labeled for Rule of 40, Gross Profit, and Adjusted EBITDA, each convertible one-for-one into Class A shares. Target share amounts depend on meeting EBITDA and profit targets, with one grant allowing up to 200% of target shares at maximum achievement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
