Marqeta, Inc. SEC Filings

Marqeta, Inc. reported that it has appointed Patti Kangwankij as Chief Financial Officer, effective February 9, 2026. She will become the company’s principal financial officer, while Mike Milotich will continue as Chief Executive Officer and a board member but will no longer serve as CFO.

Kangwankij, age 42, joins from Roofstock, where she has been CFO since January 2025, and previously held senior finance and strategy roles at Stripe and JPMorgan Chase. Her compensation package includes an initial annual base salary of $475,000, eligibility for an annual incentive bonus equal to 75% of base salary, and a one-time sign-on bonus of $250,000 contingent on at least one year of employment.

She will receive Restricted Stock Units valued at approximately $5,950,000 that vest over about three years and Performance Stock Units with an estimated value of $2,550,000, with performance goals aligned to the broader executive team. She will also participate in Marqeta’s Executive Severance Plan.

Marqeta, Inc. officer Chief Administrative Officer and Corporate Secretary reported a sale of company stock. On 12/15/2025, the insider sold 5,056 shares of Class A common stock at a weighted average price of $4.8498 per share, with individual trade prices ranging from $4.79 to $4.92. After this transaction, the reporting person beneficially owns 322,059 shares of Marqeta Class A common stock, held directly.

A Marqeta, Inc. director and 10% owner reported sales and a charitable gift of Class A common stock. On December 12, 2025, they sold 5,606 shares held in trusts for their children and 52,551 shares held in The Gardner 2008 Living Trust, both at $5 per share.

They also reported a gift of 502,000 shares to a Section 501(c)(3) charitable organization, for which no value was received and which was effective December 15, 2025. After these transactions, the report shows 314,394 shares in the children’s trusts, for which beneficial ownership is disclaimed, and 14,422,822 shares held of record by Jason Gardner and Jocelyne Gardner as trustees of The Gardner 2008 Living Trust.

Marqeta, Inc. reported an insider stock transaction by a director. On 12/12/2025, the director sold 10,000 shares of Class A common stock at a price of $5 per share. After this sale, the director beneficially owned 131,405.218 shares directly. The filing indicates it was submitted by a single reporting person and does not list any derivative security transactions.

A director of Marqeta, Inc. reported selling 12,712 shares of Class A common stock. The sale took place on 12/11/2025 at a weighted average price of $4.9483 per share, executed through multiple trades at prices ranging from $4.91 to $5.00.

After this transaction, the director beneficially owns 44,675 shares of Marqeta Class A common stock in direct ownership. This filing reflects an insider sale and updates the director’s current holdings in the company.

Marqeta, Inc. reported equity award activity for its Principal Accounting Officer on a Form 4. On December 1, 2025, several restricted stock unit (RSU) awards were converted into Class A Common Stock, with transactions coded “M” as exempt option or derivative exercises at an exercise price of $0 per share.

To cover tax withholding tied to these RSU vestings, the issuer withheld shares in transactions coded “F,” including 6,274, 3,001, and 422 shares at a price of $4.735 per share, which the filing notes were not market sales but shares retained by the company for tax remittance. After these transactions, the officer directly held 111,810 shares of Class A Common Stock and continued to hold derivative positions in RSUs that each convert into one share upon vesting on specified future dates, subject to continued service.

Marqeta, Inc. (MQ) reported an insider transaction by an executive officer. On 11/14/2025, the reporting person sold 5,055 shares of Class A common stock in open-market transactions at a weighted average price of $4.9187 per share. The filing notes that these shares were sold in multiple trades at prices ranging from $4.88 to $4.98 per share. After this sale, the reporting person beneficially owned 272,643 shares of Marqeta Class A common stock, held directly. The reporting person serves as Chief Administrative Officer and Corporate Secretary.

Marqeta, Inc. filed its Q3 2025 10‑Q, reporting net revenue of $163.3 million and gross profit of $114.6 million. The quarter showed a net loss of $3.6 million (basic and diluted EPS -$0.01), with operating expenses down year over year.

Cash and cash equivalents were $747.2 million and short‑term investments were $83.2 million as of September 30, 2025. Operating cash flow for the nine months was $109.3 million. The July 31 acquisition of TransactPay (preliminary purchase price $59.9 million) added $234.5 million of restricted cash and introduced $233.9 million of funds payable to customers.

The company revised its network incentives accounting in Q2; for Q3 this reduced recognized incentives by $1.3 million, with a cumulative $5.5 million increase from April through September. Marqeta repurchased 45.5 million shares for $212.4 million year‑to‑date under the 2025 program, leaving $87.6 million authorized. A securities litigation settlement was reached in principle for $13.0 million; Marqeta recorded a $4.3 million expense tied to its $5.0 million insurance retention.

Marqeta, Inc. (MQ) reported that it issued a press release announcing financial results for the quarter ended September 30, 2025. The press release is furnished as Exhibit 99.1.

The information under Item 2.02 is furnished, not filed, and is not subject to Section 18 liabilities. The 8‑K lists exhibits, including the press release and the cover page Inline XBRL file. The report was signed by Michael (Mike) Milotich, Chief Executive Officer & Chief Financial Officer.