4//SEC Filing
Sumner Crystal 4
Accession 0001870987-25-000019
CIK 0001522540other
Filed
Dec 2, 7:00 PM ET
Accepted
Dec 3, 5:35 PM ET
Size
31.5 KB
Accession
0001870987-25-000019
Insider Transaction Report
Form 4
Sumner Crystal
See Remarks
Transactions
- Exercise/Conversion
Class A Common Stock
2025-12-01+27,318→ 299,961 total - Tax Payment
Class A Common Stock
2025-12-01$4.74/sh−14,913$70,613→ 285,048 total - Exercise/Conversion
Class A Common Stock
2025-12-01+36,859→ 321,907 total - Tax Payment
Class A Common Stock
2025-12-01$4.74/sh−20,121$95,273→ 301,786 total - Exercise/Conversion
Class A Common Stock
2025-12-01+39,040→ 340,826 total - Tax Payment
Class A Common Stock
2025-12-01$4.74/sh−21,312$100,912→ 319,514 total - Exercise/Conversion
Class A Common Stock
2025-12-01+10,921→ 330,435 total - Tax Payment
Class A Common Stock
2025-12-01$4.74/sh−6,098$28,874→ 324,337 total - Exercise/Conversion
Class A Common Stock
2025-12-01+6,118→ 330,455 total - Tax Payment
Class A Common Stock
2025-12-01$4.74/sh−3,340$15,815→ 327,115 total - Exercise/Conversion
Restricted Stock Units
2025-12-01−27,318→ 136,593 total→ Class A Common Stock (27,318 underlying) - Exercise/Conversion
Restricted Stock Units
2025-12-01−36,859→ 184,293 total→ Class A Common Stock (36,859 underlying) - Exercise/Conversion
Restricted Stock Units
2025-12-01−39,040→ 351,366 total→ Class A Common Stock (39,040 underlying) - Exercise/Conversion
Performance Stock Units (Gross Profit)
2025-12-01−11,057→ 195,834 total→ Class A Common Stock (11,057 underlying) - Exercise/Conversion
Performance Stock Units (Adjusted EBITDA)
2025-12-01−4,739→ 83,929 total→ Class A Common Stock (4,739 underlying)
Footnotes (11)
- [F1]Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
- [F10]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 target number of shares would vest.
- [F11]Represents the number of shares which may be issued at target under the PSU over a period of time following achievement of certain adjusted 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 target number of shares would vest.
- [F2]Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated under the Act.
- [F3]Represents the vesting of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024, and includes 136 fewer shares acquired for performance at less than 100%.
- [F4]Represents the vesting of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024, and includes 1,379 additional shares acquired for performance at more than 100%
- [F5]Each restricted stock unit is convertible into one share of Class A Common Stock.
- [F6]One-fourth (1/4th) of the restricted stock units vested on March 1, 2024, and one-sixteenth (1/16th) of the restricted stock units vest on each June 1, September 1, December 1, and March 1 thereafter until fully vested, subject to the Reporting Person's continued service with the Issuer as of each vesting date.
- [F7]One-twelfth (1/12th) of the restricted stock units vested on June 1, 2024, and one-twelfth (1/12th) of the restricted stock units vest on each September 1, December 1, March 1 and June 1 thereafter until fully vested, subject to the Reporting Person's continued service with the Issuer as of each vesting date.
- [F8]One-twelfth (1/12th) of the restricted stock units vest on June 1, 2025 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 until fully vested, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
- [F9]Represents the disposition of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on March 15, 2024.
Documents
Issuer
Marqeta, Inc.
CIK 0001522540
Entity typeother
Related Parties
1- filerCIK 0001870987
Filing Metadata
- Form type
- 4
- Filed
- Dec 2, 7:00 PM ET
- Accepted
- Dec 3, 5:35 PM ET
- Size
- 31.5 KB