Marqeta, Inc. SEC Filings

Marqeta, Inc. (MQ) filed an initial Statement of Beneficial Ownership (Form 3) for its newly designated Principal Accounting Officer, who became a Section 16 officer on October 21, 2025.

The filing reports 82,618 shares of Class A Common Stock held directly. It also lists restricted stock units (RSUs), each convertible into one share, covering 201,329, 16,891, and 54,153 underlying Class A shares at a $0 exercise price. Portions of these RSUs vested on September 1, 2025, with the remaining tranches scheduled to vest on December 1, March 1, June 1, and September 1 through dates extending to September 1, 2027 and March 1, 2028, subject to continued service.

Marqeta, Inc. designated Sarah Barkema as its Principal Accounting Officer, effective October 21, 2025. She has served as Chief Accounting Officer since September 2024. In connection with the designation, CEO and CFO Mike Milotich will no longer be designated as Principal Accounting Officer.

Barkema previously held senior accounting roles at Stitch Fix, Fortive, and VF Corporation, and earlier positions at NW Natural, Nike, and Deloitte & Touche. The company states she has no family relationships with directors or executives and no transactions requiring disclosure under Item 404(a).

Marqeta (MQ) reported an insider transaction. On 10/15/2025, an officer sold 5,056 shares of Class A Common Stock at a weighted average price of $4.7932.

The filing notes multiple trades within a $4.76 to $4.84 price range. Following the sale, the reporting person beneficially owns 277,698 shares, held directly. The officer’s title is Chief Administrative Officer and Corporate Secretary.

Michael Milotich, a director and listed as Chief Executive Officer and Chief Financial Officer in the remarks, reported a grant of 817,260 restricted stock units (RSUs) in Marqeta, Inc. (MQ) on 09/15/2025. Each RSU converts into one share of Class A Common Stock. The RSUs carry a $0 price and are shown as directly owned for a total of 817,260 shares following the transaction. Vesting begins with one-twelfth (1/12) vesting on December 1, 2025 and then vests quarterly on March 1, June 1, September 1 and December 1 thereafter until fully vested, subject to continued service. The form was signed by an attorney-in-fact on 09/17/2025.

Prasad Srikiran, a director of Marqeta, Inc. (MQ), reported the vesting and acquisition of restricted stock units that convert one-for-one into Class A common stock. On 09/14/2025 he acquired 15,903 shares via vested restricted stock units at no cash price, bringing his beneficial ownership to 126,337 shares. The filing states the transaction is exempt from Section 16(b) under Rule 16b-6(b). The RSUs vested in three equal tranches, with one-third vesting on each of 09/14/2023, 09/14/2024, and 09/14/2025, each tranche conditioned on continued service. The Form 4 was signed by an attorney-in-fact on 09/16/2025.

Jason M. Gardner, a director and reported >10% owner of Marqeta, Inc. (MQ), filed a Form 4 reporting transactions dated 09/12/2025. The filing shows acquisition of 320,000 shares of Class A Common Stock (transaction code C, $0 price, exempt under Rule 16b-6(b)) and concurrent reporting of 320,000 Class B shares tied to the same transaction. After the reported activity, the Form 4 shows 320,000 Class A shares and 14,977,373 Class A shares held indirectly, plus 7,680,000 derivative-related Class A equivalents reported as indirectly owned. Footnotes state some shares are held in trusts for the reporting person’s children and in a living trust with Jason and Jocelyne Gardner as trustees.

Sumner Crystal, Chief Administrative Officer and Corporate Secretary of Marqeta, Inc. (MQ), reported the sale of 45,500 Class A common shares on 09/09/2025 at a weighted average price of $5.9989 per share (individual trade prices ranged from $5.96 to $6.06). After the reported transactions, the reporting person beneficially owned 282,754 shares. The filing indicates the sale was made pursuant to a written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1. The Form 4 was signed by an attorney-in-fact.

Form 144 notice shows a proposed sale of 55,611 shares of common stock of the issuer, valued at $338,114.88, to be sold through Morgan Stanley Smith Barney LLC on or about 09/09/2025 on NASDAQ. The securities were acquired as restricted stock units from the issuer on 03/01/2024 and the filer reports no securities sold in the past three months.

The filing includes the seller's representation that they are not aware of any undisclosed material adverse information and references Rule 10b5-1 plan adoption language but provides no plan adoption date. The shares to be sold represent a small fraction of the 414,971,902 shares outstanding reported in the form.

Marqeta, Inc. appointed Michael (Mike) Milotich as Chief Executive Officer and a member of its Board of Directors, effective September 8, 2025. He will also continue serving as Chief Financial Officer and principal accounting officer while the company searches for a new CFO.

Milotich has been Marqeta’s CFO since February 2022 and recently served as Interim CEO. His compensation as CEO includes an initial annual base salary of $600,000, eligibility for an annual incentive bonus equal to 100% of base salary, and Restricted Stock Units valued at approximately $5.0 million that vest quarterly over three years, contingent on continued service. He is also eligible for severance and change in control benefits under the company’s Executive Severance Plan.