Marqeta (MQ) director logs 36,297-share exercise and 52,219 RSU grant
Rhea-AI Filing Summary
Marqeta, Inc. director Prasad Srikiran reported equity compensation-related transactions in Class A Common Stock and Restricted Stock Units. He exercised derivative securities covering 36,297 shares of Class A Common Stock, bringing his direct holdings in the stock to 162,634 shares following the transaction.
He also received a grant of 52,219 Restricted Stock Units, each convertible into one share of Class A Common Stock. According to the grant terms, all of these RSUs vest in full on the earlier of June 10, 2027 or the company’s next annual meeting of stockholders, subject to continued service.
Footnotes state that the exercise is exempt from Section 16(b) under Rule 16b-6(b) and that a prior RSU grant made on June 12, 2025 vested in full on June 10, 2026, aligning with annual meeting dates. The filing reflects routine director equity awards and vesting rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
| 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 | -- |
Footnotes (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.