Marqeta, Inc. 8-K

What Happened
Marqeta announced on May 8, 2026 (8-K) that Lukasz Strozek will join the company as Chief Technology Officer, effective May 18, 2026. Mr. Strozek, age 42, most recently served as CTO of LendingClub (June 2024–May 2026) and was CTO of Hippo Insurance (Dec 2020–June 2024). His background also includes leadership roles at Bridgewater Associates, Bolt Financial, and SoFi; he holds an MBA from Stanford and MS/BA degrees from Harvard.

Key Details

• Start date: May 18, 2026. Filing date: May 8, 2026.
• Base salary: $475,000 per year. Annual bonus: eligible for 75% of base salary (prorated in year of hire).
• One-time sign-on bonus: $100,000, payable if employed for at least one year.
• Equity: RSUs estimated at $7,600,000 vesting over ~3 years (1/3 after the first post-one-year quarterly vesting date, then 1/12 each quarter); PSUs estimated at $1,900,000 subject to company executive team goals.
• 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
This is a senior technology leadership hire responsible for Marqeta’s engineering and product execution. The compensation package—notably $7.6M in RSUs plus PSUs and bonus potential—signals the company is investing in experienced tech leadership and aligning the new CTO with long-term performance goals. For investors, the key takeaways are the personnel change, the defined pay and equity terms, and potential modest dilution from the equity grants (as disclosed). The 8-K notes the offer letter will be filed in full in a future SEC filing.