DAVIS RICHARD K 4

What Happened

• Richard K. Davis, a director of Mastercard Inc. (MA), was reported to have acquired 509 shares via a restricted stock award on June 16, 2026. The shares were reported at an acquisition price of $0.00 (code A — award/grant). The award was fully vested on the grant date but is subject to transfer restrictions through June 16, 2030.

Key Details

• Transaction date: June 16, 2026; Filing date: June 18, 2026 (filed within the standard 2-business-day Form 4 window).
• Shares acquired: 509; Acquisition price: $0.00 (restricted stock award).
• Post-transaction shares owned: Not specified in the provided filing.
• Footnote: Award vested immediately on June 16, 2026 but cannot be transferred until June 16, 2030.
• Transaction code: A = Award/Grant. No 10b5-1 plan, tax withholding, or sale noted in this filing.

Context

• This was an award (not a market purchase or sale). Awards that vest immediately but remain transfer‑restricted are common for directors and are not the same as an open‑market purchase (which some investors view as a stronger bullish signal). The transfer restriction means Davis cannot sell or transfer the shares until the restriction lifts in 2030.