Marqeta, Inc. 8-K

What Happened

• Marqeta, Inc. (MQ) filed an 8‑K on January 7, 2026 announcing the appointment of Patti Kangwankij as Chief Financial Officer, effective February 9, 2026. Current CEO and CFO Jason Milotich will remain CEO and a board member but will cease serving as the company’s principal financial officer when Ms. Kangwankij assumes the CFO role. Ms. Kangwankij, age 42, joins from Roofstock (CFO since Jan 2025) and previously held senior finance roles at Stripe (2018–2023) and JPMorgan Chase (2004–2018). She holds an MBA from Columbia and a BS from Wharton.

Key Details

• Start date: February 9, 2026; 8‑K filed January 7, 2026.
• Cash compensation: initial base salary $475,000 and eligibility for an annual incentive bonus equal to 75% of base salary.
• Sign‑on and equity: $250,000 discretionary sign‑on bonus (vests if employed ≥1 year); RSUs valued at approximately $5,950,000 vesting over ~3 years (first 1/3 after one year then quarterly thereafter); PSUs with estimated value $2,550,000 (converted to shares based on 20‑day average prior to grant) with performance goals aligned to the executive team.
• Other: eligible for severance/change‑in‑control benefits under the company’s Executive Severance Plan; no family relationships or reportable related‑party transactions disclosed.

Why It Matters

• Executive change centralizes financial leadership under an experienced finance executive as Marqeta continues to scale. Compensation and equity awards are material from an investor standpoint because they affect dilution and align the new CFO’s incentives with company performance. The CEO remaining in place reduces concerns about a broader leadership shakeup; investors should note the timing (Feb 9, 2026) and the size/structure of the equity and cash packages when assessing potential dilution and executive incentives.