Marqeta (MQ) Director Graf R. Mark Converts RSUs (6,447 Shares)

What Happened
Graf R. Mark, a director of Marqeta, Inc. (MQ), converted/exercised a derivative award on July 20, 2026 resulting in the acquisition of 6,447 shares and a simultaneous disposition of 6,447 shares at $0.00. The filing classifies the transactions as an exercise/conversion of a derivative (code M) and notes the conversion relates to restricted stock units that convert one-for-one into Class A common stock.

Key Details

• Transaction date: July 20, 2026. Form 4 filed July 24, 2026 (appears late; Form 4 is generally due within 2 business days of the transaction).
• Acquired: 6,447 shares via exercise/conversion (price N/A in filing).
• Disposed: 6,447 shares at $0.00 (derivative disposition).
• Footnotes: F1 — transaction exempt from Section 16(b) under Rule 16b-6(b); F2 — each restricted stock unit converts to one share; F3 — RSUs vest one‑third on each of July 19, 2025, July 19, 2026 and July 19, 2027, subject to continued service.
• Shares owned after the transaction: Not specified in the provided filing.

Context
The filing reflects a conversion/settlement of RSUs rather than an open‑market cash sale or purchase. Dispositions recorded at $0.00 commonly indicate shares were surrendered (for example, to satisfy tax withholding or similar internal settlements) rather than sold on the open market — the filing does not state the reason. The transaction is marked exempt under Rule 16b‑6, and the reported timing suggests the Form 4 was filed after the usual 2 business‑day window.