Marqeta director updates holdings after reverse stock split
Marqeta, Inc. director Prasad Srikiran reported updated holdings following a 1-for-4 reverse stock split effective on June 30, 2026.
Rhea-AI Filing Summary
Marqeta, Inc. director Prasad Srikiran reported updated holdings following a 1-for-4 reverse stock split effective on June 30, 2026. After the adjustment, he beneficially owns 40,658 shares of Class A Common Stock and 13,054 restricted stock units (RSUs), each RSU convertible into one share. The RSU grant, originally for 13,054 RSUs post-split, will vest in full on the earlier of June 10, 2027 or Marqeta’s next annual stockholder meeting, subject to continued service. Cash was paid in lieu of any fractional shares created by the reverse split.
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Prasad Srikiran
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 13,054 contracts (Direct);
Class A Common Stock — 40,658 shares (Direct)
Footnotes (4)
- 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 restricted stock unit is convertible into one share of Class A Common Stock.
- F3. 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.
- F4. The number of shares subject to RSUs reflects the Reverse Stock Split.
Key Figures
Post-split common shares: 40,658 shares
Restricted stock units: 13,054 RSUs
Reverse stock split ratio: 1-for-4
+2 more
5 metrics
Post-split common shares
40,658 shares
Class A Common Stock beneficially owned after June 30, 2026 reverse split
Restricted stock units
13,054 RSUs
RSUs outstanding, each convertible into one Class A share
Reverse stock split ratio
1-for-4
Reverse stock split effective June 30, 2026
RSU vesting date
June 10, 2027
RSUs vest in full on earlier of June 10, 2027 or next annual meeting
RSU conversion ratio
1 share per RSU
Each restricted stock unit converts into one Class A Common share
Key Terms
reverse stock split, restricted stock unit, beneficially owned, vest
4 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 unit financial
"Each restricted stock unit is convertible into one share of Class A Common Stock."
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.
beneficially owned financial
"The number of shares beneficially owned reflects the 1-for-4 reverse stock split"
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.
vest financial
"will vest in full on the earlier of (i) June 10, 2027 or (ii) the Issuer's next annual meeting of stockholders"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Marqeta (MQ) director Prasad Srikiran report in this Form 4?
He reported his updated post-split holdings, showing 40,658 shares of Class A Common Stock and 13,054 RSUs. These figures reflect Marqeta’s 1-for-4 reverse stock split effective June 30, 2026, plus cash paid for any fractional shares.
How did Marqeta’s 1-for-4 reverse stock split affect Prasad Srikiran’s holdings?
The reverse stock split combined every four shares into one, adjusting his beneficial ownership to 40,658 common shares and 13,054 RSUs. The filing notes these amounts reflect the split and that cash was paid instead of issuing fractional shares.
How many Marqeta (MQ) restricted stock units does Prasad Srikiran hold?
He holds 13,054 restricted stock units, each convertible into one share of Class A Common Stock. The filing states this RSU count already reflects the reverse stock split and represents the original June 10, 2026 grant on a post-split basis.
When do Prasad Srikiran’s Marqeta RSUs reported in this Form 4 vest?
The RSUs will vest in full on the earlier of June 10, 2027 or Marqeta’s next annual meeting of stockholders. Vesting is contingent on Srikiran continuing to provide services to Marqeta unless the board determines otherwise beforehand.
What is the conversion ratio for Prasad Srikiran’s Marqeta RSUs?
Each RSU converts into one share of Marqeta Class A Common Stock. The filing clearly states this one-for-one conversion, so if all 13,054 RSUs vest and settle, they would deliver 13,054 shares, subject to applicable conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
