Thomas Wendy 4

What Happened

• Wendy Thomas, a director of Marqeta, reported activity on June 10, 2026 in which 36,297 restricted stock units (RSUs) granted June 12, 2025 vested and were converted (reported as acquired) and a same-day disposition of 36,297 shares was reported (both at $0.00). In addition, Thomas received a new award of 52,219 RSUs (reported as acquired) on the same date. No cash amounts or sale proceeds are reported in the filing.

Key Details

• Transaction date(s): June 10, 2026. Filing date: June 11, 2026 (timely).
• Reported prices: $0.00 for all transactions (conversion/settlement and grant are derivative transactions).
• Shares: 36,297 RSUs vested/converted and 52,219 RSUs newly awarded (each RSU is convertible into one share).
• Vesting for the 36,297 RSUs: these were granted June 12, 2025 and vested in full on June 10, 2026 (per footnote).
• Vesting for the 52,219 RSUs: vest in full on the earlier of June 10, 2027 or the issuer’s next annual meeting; vesting ceases if Thomas stops providing services unless the board decides otherwise (per footnote).
• Exemption: Transactions are reported as exempt from Section 16(b) under Rule 16b-6(b).
• Shares owned after transaction: not specified in the provided filing summary.

Context

• These are derivative/award transactions (RSU vesting and a new RSU grant), not open-market purchases or voluntary sales. The filing shows conversion and same-day disposition of the vested RSUs but reports $0.00 prices and does not disclose cash proceeds, which can indicate settlement or withholding rather than a market sale. Such awards are routine compensation for directors and do not by themselves indicate a buy/sell decision.