Marqeta (MQ) CFO reports RSU and PSU holdings after reverse stock split
Rhea-AI Filing Summary
Marqeta, Inc. Chief Financial Officer Patti Kangwankij reported updated equity holdings reflecting a 1-for-4 reverse stock split effective June 30, 2026. Following the adjustment, she directly holds no shares of Class A common stock.
Her remaining equity exposure is through awards. She holds restricted stock units covering 368,557 shares of Class A common stock and performance stock units covering 157,953 shares at target, each unit convertible into one share. The PSU grant, made March 16, 2026, can vest up to 200% of target based on specified gross profit and adjusted EBITDA goals and continued service, while the RSU grant of 157,953 units vests over time beginning March 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kangwankij Patti
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Stock Units (Rule of 40) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units (Rule of 40) — 157,953 shares (Direct);
Restricted Stock Units — 368,557 shares (Direct);
Class A Common Stock — 0 shares (Direct)
Footnotes (7)
- 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 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,
- F4. The number of shares subject to PSUs reflects the Reverse Stock Split.
- F5. Each restricted stock unit ("RSU") is convertible into one share of Class A Common Stock.
- F6. This RSU grant, originally granted March 16, 2026 for 157,953 RSUs (post Reverse Stock Split), of which no RSUs (post Reverse Stock Split) have vested, vests as to one-third (1/3rd) of the RSUs on March 1, 2027 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each June 1, September 1, December 1 and March 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
- F7. The number of shares subject to RSUs reflects the Reverse Stock Split.
Key Figures
Reverse stock split ratio: 1-for-4 reverse stock split
Direct Class A common holdings: 0 shares
RSUs underlying shares: 368,557 shares
+5 more
8 metrics
Reverse stock split ratio
1-for-4 reverse stock split
Effective June 30, 2026; cash paid in lieu of fractional shares
Direct Class A common holdings
0 shares
Total shares of Class A Common Stock following transaction
RSUs underlying shares
368,557 shares
Restricted stock units convertible into Class A Common Stock, post-split
PSUs target underlying shares
157,953 shares
Performance stock units at target, convertible into Class A Common Stock
PSUs maximum vesting multiple
200%
At maximum achievement, 200% of PSU target shares would vest
PSU grant date
March 16, 2026
Grant date for performance stock units, post reverse stock split
RSU grant size
157,953 RSUs
RSU grant post reverse stock split; none vested yet
RSU first vesting date
March 1, 2027
One-third of RSUs vest on this date; remaining vest quarterly thereafter
Key Terms
Reverse Stock Split, Restricted Stock Unit, Performance Stock Unit, gross profit, +1 more
5 terms
Reverse Stock Split financial
"reflects the 1-for-4 reverse stock split effected June 30, 2026 (the "Reverse Stock Split")."
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 ("RSU") 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.
Performance Stock Unit financial
"Each performance stock unit ("PSU") is convertible into one share of Class A Common Stock."
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
gross profit financial
"over a period of time following achievement of certain gross profit and adjusted EBITDA targets as set forth"
Gross profit is the amount a business keeps from sales after subtracting the direct costs to make or buy the products or services sold — like the money left from a lemonade stand after paying for lemons, sugar and cups. Investors watch gross profit to judge how well a company’s core operations and pricing cover those direct costs, revealing its basic profitability and whether margins are improving or shrinking over time.
adjusted EBITDA financial
"following achievement of certain gross profit and adjusted 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.
FAQ
What does Marqeta (MQ) CFO Patti Kangwankij’s latest Form 4 show?
The Form 4 shows updated equity holdings after a 1-for-4 reverse stock split. Patti Kangwankij now holds no direct Class A common stock, but retains significant RSU and PSU awards linked to future service and performance conditions.
How many Marqeta (MQ) RSUs does the CFO hold after the reverse stock split?
The CFO holds 368,557 restricted stock units, each convertible into one share of Class A common stock. These RSUs reflect the 1-for-4 reverse stock split and vest over time beginning March 1, 2027, contingent on her continued service to Marqeta.
What performance stock units does Marqeta (MQ) CFO Patti Kangwankij hold?
She holds 157,953 performance stock units at target, each convertible into one share of Class A common stock. The PSUs can vest over time if specified gross profit and adjusted EBITDA targets are achieved and she remains in service at each vesting date.
Can Marqeta (MQ) performance stock units vest above target levels?
Yes. At maximum achievement, up to 200% of the PSU target shares would vest. This means the 157,953 PSUs at target could result in up to 315,906 shares, depending on performance against defined financial metrics and continued service conditions.
When do Marqeta (MQ) CFO’s RSUs begin vesting after the reverse stock split?
The RSU grant, originally for 157,953 units post-split, begins vesting on March 1, 2027. One-third vests on that date, with one-twelfth of the remaining units vesting quarterly thereafter, subject to her continued service at each vesting date.
Does Marqeta (MQ) CFO still hold Class A common stock directly after this filing?
According to the Form 4, her direct Class A common stock holding is zero after the reverse stock split adjustment. Her current economic exposure comes from RSU and PSU awards, each convertible into Marqeta Class A common shares upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
