[Form 4] Marqeta, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Jason M. Gardner, a director and reported 10% owner of Marqeta, Inc. (MQ), sold 31,627 shares of Class A common stock on 09/02/2025 at a weighted average price of $6.2565 per share. After the reported sale, the filing shows 15,367,373 shares beneficially owned indirectly by Mr. Gardner and Jocelyne Gardner as trustees of The Gardner 2008 Living Trust dated March 22, 2008. The filing notes the sale occurred in multiple transactions at prices ranging from $6.25 to $6.29 per share and the reporting person will provide transaction-level details on request.

The Form 4 indicates the transaction was reported on a single reporting person form and identifies the reporting person as both a company director and a greater-than-10% owner. No other purchases, derivative transactions, or additional disclosures are included in this filing.

Insights

Financial Analyst

TL;DR: Insider sold a small tranche versus very large remaining holdings; transaction provides limited signal about company fundamentals.

The sale of 31,627 shares at a weighted average of $6.2565 reduces an indirect position of 15,367,373 shares. The absolute size of the remaining stake is large relative to the shares sold, suggesting this disclosure alone is unlikely to materially change valuation models or indicate a change in control. The filing is straightforward and limited to a single non-derivative disposal with a specified price range.

Corporate Governance Expert

TL;DR: Director and 10% owner disclosed a routine sale; disclosure meets Section 16 requirements but lacks context on intent.

The Form 4 shows the reporting person is both a director and a greater-than-10% owner and that shares are held via a family trust. The filing includes the required weighted average price range and offers to provide transaction-level detail on request, which supports transparency. The form does not state whether trades were under a pre-arranged plan beyond the checked 10b5-1 box, and no additional governance actions are disclosed.

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^*

Gardner Jason M.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		S		31,627	D	$6.2565(1)	15,367,373	I	See Footnote(2)

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 $6.25 to $6.29 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.

2. The shares are held of record by Jason Gardner and Jocelyne Gardner as trustees of The Gardner 2008 Living Trust dated March 22, 2008.

Remarks:

	/s/ Tracy Foard, Attorney-in-Fact	09/03/2025
	** 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 Marqeta insider Jason M. Gardner report on Form 4 (MQ)?

The filing reports a sale of 31,627 shares of Class A common stock on 09/02/2025 at a weighted average price of $6.2565 per share.

How many Marqeta (MQ) shares does Jason Gardner beneficially own after the reported sale?

The Form 4 shows 15,367,373 shares beneficially owned indirectly by Jason and Jocelyne Gardner as trustees of The Gardner 2008 Living Trust.

At what prices were the shares sold in the Form 4 by Jason Gardner (MQ)?

The filing states the shares were sold in multiple transactions at prices ranging from $6.25 to $6.29 per share; the reported weighted average is $6.2565.

Was the sale by Jason Gardner disclosed as part of a trading plan?

The Form 4 includes a checked box indicating the transaction was made pursuant to a plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Are the sold shares held directly by Jason Gardner or indirectly?

The filing indicates the remaining shares are held indirectly by Jason Gardner and Jocelyne Gardner as trustees of The Gardner 2008 Living Trust dated March 22, 2008.