Thomas Wendy 4

What Happened
Thomas Wendy, a director of Marqeta, had 34,905 restricted stock units convert (exercise/conversion, transaction code M) into 34,905 shares on April 18, 2026. The Form 4 shows a simultaneous disposition of 34,905 derivative shares at $0.00 (reported proceeds $0). Footnotes in the filing identify these instruments as restricted stock units (RSUs) convertible one-for-one into Class A common stock.

Key Details

• Transaction date: 2026-04-18; Form 4 filed: 2026-04-21 (3 days later).
• Reported transactions: Acquisition (conversion) of 34,905 shares; a matching disposition of 34,905 derivative shares at $0.00.
• Price/proceeds: $0.00 reported on the disposition line (no cash proceeds shown).
• Shares owned after the transaction: Not disclosed in the provided data.
• Footnotes: F1 — transaction exempt from Section 16(b) per Rule 16b-6(b); F2 — each RSU converts to one share; F3 — these RSUs vest one‑third on each of Apr 18, 2026, Apr 18, 2027 and Apr 18, 2028, subject to continued service.
• Filing timeliness: Filed April 21, 2026 (three calendar days after the transaction date).

Context

• This was a vesting/conversion of RSUs rather than an open-market buy or sale. Such conversions are routine compensation events and do not by themselves indicate a buy or sell decision by the insider.
• The paired $0.00 disposition line on the Form 4 reflects how the converted derivative shares were settled per the filing; the Form and footnotes do not show cash proceeds.
• No explicit sale or purchase (cash) by the director is reported in this filing.