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Marqeta (MQ) director reports RSU exercise and 52,219-unit equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Marqeta director Martha Cummings reported routine equity compensation activity. She exercised 36,297 restricted stock units into the same number of Class A Common shares, bringing her direct Class A holdings to 66,707 shares. She also received a new grant of 52,219 restricted stock units that each convert into one Class A share and vest in full on the earlier of June 10, 2027 or Marqeta’s next annual stockholder meeting, subject to continued service.

Positive

  • None.

Negative

  • None.

Insights

Routine director equity grant and RSU vesting, no buy/sell signal.

Martha Cummings, a director of Marqeta, exercised 36,297 restricted stock units into Class A Common Stock and received a new award of 52,219 restricted stock units. These transactions are compensation-related and exempt from Section 16(b), not open-market trades.

The prior RSU award granted in June 2025 vested in full on June 10, 2026, aligning director compensation with shareholder outcomes around annual meetings. With 66,707 Class A shares held directly and an unvested grant outstanding, her equity exposure to Marqeta remains meaningful.

Because there were no open-market purchases or sales, and no derivative positions remain after the exercise, the filing mainly updates her ownership profile. Subsequent company filings may provide further context on overall director compensation structure and any future grants.

Insider Cummings Martha
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 36,297 $0.00 --
Grant/Award Restricted Stock Units 52,219 $0.00 --
Exercise Class A Common Stock 36,297 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Class A Common Stock — 66,707 shares (Direct, null)
Footnotes (1)
  1. Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. Each restricted stock unit is convertible into one share of Class A Common Stock. Restricted stock units granted on June 12, 2025, the date of the Issuer's 2025 Annual Meeting of Stockholders, that vested in full on June 10, 2026, the date of the Issuer's 2026 Annual Meeting of Stockholders. All of the shares 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.
RSU exercise 36,297 shares Restricted stock units converted into Class A Common Stock on June 10, 2026
New RSU grant 52,219 units Restricted stock units granted, each convertible into one Class A share
Common shares held 66,707 shares Class A Common Stock directly owned after transactions
Section 16(b) exemption Rule 16b-6(b) Exercise transaction exempt from short-swing profit rules
Vesting date June 10, 2027 Latest vesting date for new RSU grant, or earlier next annual meeting
Restricted Stock Units financial
"Restricted stock units granted on June 12, 2025, the date of the Issuer's 2025 Annual Meeting of Stockholders"
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.
Section 16(b) regulatory
"Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-6(b) regulatory
"pursuant to Rule 16b-6(b) promulgated under the Act"
Annual Meeting of Stockholders other
"the date of the Issuer's 2025 Annual Meeting of Stockholders"
Class A Common Stock financial
"Each restricted stock unit 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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
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*
Cummings Martha
(Last)(First)(Middle)
180 GRAND AVENUE
6TH FLOOR
(Street)
OAKLAND CALIFORNIA 94612
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Marqeta, Inc. [ MQ ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock06/10/2026M(1)36,297A$0(1)66,707D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)06/10/2026M(1)36,297 (3) (3)Class A Common Stock36,297$00D
Restricted Stock Units(2)06/10/2026A52,219 (4) (4)Class A Common Stock52,219$052,219D
Explanation of Responses:
1. Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
2. Each restricted stock unit is convertible into one share of Class A Common Stock.
3. Restricted stock units granted on June 12, 2025, the date of the Issuer's 2025 Annual Meeting of Stockholders, that vested in full on June 10, 2026, the date of the Issuer's 2026 Annual Meeting of Stockholders.
4. All of the shares 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.
Remarks:
/s/ Tracy Foard, Attorney-in-Fact06/11/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Marqeta (MQ) director Martha Cummings report?

Martha Cummings reported exercising 36,297 restricted stock units into Class A Common Stock and receiving a new grant of 52,219 restricted stock units. These are equity compensation events, not open-market trades, and update her ownership in Marqeta shares and unvested awards.

Did Martha Cummings buy or sell Marqeta (MQ) shares on the open market?

No open-market buys or sells were reported. The Form 4 shows an exercise of 36,297 restricted stock units into Class A Common Stock and a new grant of 52,219 restricted stock units, all at a stated price of $0.00 per unit as compensation.

How many Marqeta (MQ) shares does Martha Cummings hold after this Form 4?

After the reported transactions, Martha Cummings directly holds 66,707 shares of Marqeta Class A Common Stock. In addition, she has an unvested award of 52,219 restricted stock units, each convertible into one Class A share upon vesting, increasing her future potential holdings.

What restricted stock unit grant did Martha Cummings receive from Marqeta (MQ)?

She received 52,219 restricted stock units, each convertible into one share of Class A Common Stock. All units vest in full on the earlier of June 10, 2027 or Marqeta’s next annual stockholder meeting, provided she continues providing services to the company during that period.

When did Martha Cummings’ prior Marqeta (MQ) RSU award vest?

The prior restricted stock units were granted on June 12, 2025, and vested in full on June 10, 2026. That vesting date coincided with Marqeta’s 2026 Annual Meeting of Stockholders, after which 36,297 units were exercised into an equal number of Class A shares.

Are Martha Cummings’ Marqeta (MQ) equity transactions exempt under Section 16(b)?

Yes. The Form 4 specifies that the reported transaction is exempt from Section 16(b) of the Securities Exchange Act under Rule 16b-6(b). This rule covers certain derivative security exercises, indicating these movements are treated as exempt insider equity compensation events.