Ling Hai 4

4 · Mastercard Inc · Filed Feb 25, 2026

Insider Transaction Report

Form 4

Period: 2026-02-23

Mastercard IncMA

Ling Hai

President, AP, Europe, MEA

Transactions

Exercise/Conversion
Class A Common Stock
[F1]
2026-02-23$90.10/sh+4,486$404,189→ 30,153.707 total
Sale
Class A Common Stock
[F1][F2]
2026-02-23$490.90/sh−241$118,308→ 29,912.707 total
Sale
Class A Common Stock
[F1][F3]
2026-02-23$492.17/sh−360$177,180→ 29,552.707 total
Sale
Class A Common Stock
[F1][F4]
2026-02-23$493.24/sh−610$300,875→ 28,942.707 total
Sale
Class A Common Stock
[F1][F5]
2026-02-23$494.09/sh−120$59,291→ 28,822.707 total
Sale
Class A Common Stock
[F1][F6]
2026-02-23$495.18/sh−294$145,582→ 28,528.707 total
Sale
Class A Common Stock
[F1][F7]
2026-02-23$496.00/sh−52$25,792→ 28,476.707 total
Sale
Class A Common Stock
[F1][F8]
2026-02-23$497.70/sh−80$39,816→ 28,396.707 total
Sale
Class A Common Stock
[F1]
2026-02-23$500.84/sh−80$40,067→ 28,316.707 total
Sale
Class A Common Stock
[F1][F9]
2026-02-23$502.75/sh−120$60,330→ 28,196.707 total
Sale
Class A Common Stock
[F1][F10]
2026-02-23$504.96/sh−440$222,180→ 27,756.707 total
Sale
Class A Common Stock
[F1][F11]
2026-02-23$506.07/sh−512$259,109→ 27,244.707 total
Sale
Class A Common Stock
[F1][F12]
2026-02-23$507.01/sh−454$230,185→ 26,790.707 total
Sale
Class A Common Stock
[F1][F13]
2026-02-23$508.15/sh−200$101,630→ 26,590.707 total
Sale
Class A Common Stock
[F1][F14]
2026-02-23$509.54/sh−240$122,290→ 26,350.707 total
Sale
Class A Common Stock
[F1][F15]
2026-02-23$510.93/sh−82$41,896→ 26,268.707 total
Sale
Class A Common Stock
[F1][F16]
2026-02-23$512.22/sh−160$81,955→ 26,108.707 total
Sale
Class A Common Stock
[F1][F17]
2026-02-23$513.43/sh−120$61,611→ 25,988.707 total
Sale
Class A Common Stock
[F1]
2026-02-23$516.72/sh−40$20,669→ 25,948.707 total
Sale
Class A Common Stock
[F1][F18]
2026-02-23$519.34/sh−120$62,320→ 25,828.707 total
Sale
Class A Common Stock
[F1][F19]
2026-02-23$520.20/sh−41$21,328→ 25,787.707 total
Sale
Class A Common Stock
[F1][F20]
2026-02-23$521.55/sh−80$41,724→ 25,707.707 total
Sale
Class A Common Stock
[F1]
2026-02-23$522.65/sh−40$20,906→ 25,667.707 total
Exercise/Conversion
Class A Common Stock
[F1]
2026-02-24$90.10/sh+4,485$404,099→ 30,152.707 total
Sale
Class A Common Stock
[F1]
2026-02-24$495.71/sh−4,485$2,223,269→ 25,667.707 total
Exercise/Conversion
Employee Stock Option (right to buy)
[F1][F21]
2026-02-23−4,486→ 4,485 total
Exercise: $90.10Exp: 2026-03-01→ Class A Common Stock (4,486 underlying)
Exercise/Conversion
Employee Stock Option (right to buy)
[F1][F21]
2026-02-24−4,485→ 0 total
Exercise: $90.10Exp: 2026-03-01→ Class A Common Stock (4,485 underlying)

Footnotes (21)

[F1]The transaction was effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on November 29, 2024.
[F10]This transaction was executed in multiple trades at prices ranging from $504.48 to $505.47. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F11]This transaction was executed in multiple trades at prices ranging from $505.59 to $506.56. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F12]This transaction was executed in multiple trades at prices ranging from $506.60 to $507.48. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F13]This transaction was executed in multiple trades at prices ranging from $508.12 to $508.19. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F14]This transaction was executed in multiple trades at prices ranging from $509.19 to $509.94. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F15]This transaction was executed in multiple trades at prices ranging from $510.24 to $511.08. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F16]This transaction was executed in multiple trades at prices ranging from $511.78 to $512.69. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F17]This transaction was executed in multiple trades at prices ranging from $513.26 to $513.76. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F18]This transaction was executed in multiple trades at prices ranging from $519.04 to $519.93. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F19]This transaction was executed in multiple trades at prices ranging from $520.19 to $520.47. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F2]This transaction was executed in multiple trades at prices ranging from $490.22 to $491.19. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F20]This transaction was executed in multiple trades at prices ranging from $521.43 to $521.68. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F21]The reporting person was awarded 13,456 employee stock options on March 1, 2016, which previously had fully vested.
[F3]This transaction was executed in multiple trades at prices ranging from $491.60 to $492.45. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F4]This transaction was executed in multiple trades at prices ranging from $492.70 to $493.66. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F5]This transaction was executed in multiple trades at prices ranging from $493.85 to $494.57. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F6]This transaction was executed in multiple trades at prices ranging from $494.85 to $495.72. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F7]This transaction was executed in multiple trades at prices ranging from $495.945 to $496.01. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F8]This transaction was executed in multiple trades at prices ranging from $497.68 to $497.73. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
[F9]This transaction was executed in multiple trades at prices ranging from $502.56 to $502.87. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Signature

/s/ Craig Brown, as attorney-in-fact for Hai Ling, pursuant to a power of attorney dated June 23, 2025|2026-02-25

Documents

1 file

4
wk-form4_1772053572.xmlPrimary
FORM 4