Kern Randall F. 4
4 · Marqeta, Inc. · Filed Mar 19, 2024
Insider Transaction Report
Form 4
Kern Randall F.
Chief Technology Officer
Transactions
- Award
Performance Stock Units (Gross Profit)
2024-03-15+139,325→ 139,325 total→ Class A Common Stock (139,325 underlying) - Award
Performance Stock Units (Adjusted EBITDA)
2024-03-15+59,711→ 59,711 total→ Class A Common Stock (59,711 underlying) - Award
Restricted Stock Units
2024-03-15+464,418→ 464,418 total→ Class A Common Stock (464,418 underlying)
Footnotes (5)
- [F1]Each restricted stock unit is convertible into one share of Class A Common Stock.
- [F2]One-twelfth (1/12th) of the restricted stock units vest on June 1, 2024 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each September 1, December 1, March 1 and June 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
- [F3]Each performance stock unit is convertible into one share of Class A Common Stock.
- [F4]Represents the number of shares which may be issued at target under the performance stock unit ("PSU") over a period of time following achievement of certain profit targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the shares would vest.
- [F5]Represents the number of shares which may be issued at target under the PSU over a period of time following achievement of certain EBITDA targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the shares would vest