Sumner Crystal 4

4 · Marqeta, Inc. · Filed Mar 18, 2026

AI-generated summary of this filing

Updated Mar 18, 2026

Marqeta CAO Sumner Crystal Sells Shares, Receives Awards

What Happened

Sumner Crystal, Chief Administrative Officer and Corporate Secretary of Marqeta, sold 5,055 shares in an open-market transaction on 2026-03-16 for a weighted-average price of $3.98 (total ≈ $20,126).
On the same date Crystal was granted 693,756 restricted stock units (RSUs) and 297,324 performance stock units (PSUs) (total ≈ 991,080 derivative units) at $0.00 (awards/derivatives), each convertible into one share of Class A common stock.

Key Details

Transaction date: 2026-03-16. Sale weighted average price: $3.98; reported sale prices ranged $3.96–$4.02 (report notes full breakdown available on request). Total proceeds from sale ≈ $20,126.
Awards: 693,756 RSUs (convertible 1:1) and 297,324 PSUs (convertible 1:1). PSUs vest based on achievement of gross profit and adjusted EBITDA targets; at maximum achievement up to 200% of target shares may vest.
Vesting schedule (RSUs): 1/12 vest on June 1, 2026, then 1/12 of the remainder vests quarterly on Sep 1, Dec 1, Mar 1 and Jun 1 thereafter, subject to continued service.
Shares owned after the reported transactions: not specified in the provided excerpt.
Filing: Form 4 filed 2026-03-18 for transactions on 2026-03-16 — filed within the SEC’s typical two-business-day window.

Context

The sale was a modest open-market disposition (cash realized ≈ $20k). The larger items were awards (RSUs and performance-based PSUs), which are derivative grants that convert to common shares only if/when vested and performance conditions are met; these do not represent an immediate market purchase.
For retail investors: purchases or conversions into actual shares are generally more directly bullish signals than routine sales or grant awards. These entries are factual reporting of compensation and a small sale, not a direct statement of intent or future company performance.

Form 4

Period: 2026-03-16

See Remarks

Transactions

Sale
Class A Common Stock
[F1]
2026-03-16$3.98/sh−5,055$20,126→ 517,320 total
Award
Restricted Stock Units
[F2][F3]
2026-03-16+693,756→ 693,756 total
→ Class A Common Stock (693,756 underlying)
Award
Performance Stock Units (Rule of 40)
[F4][F5]
2026-03-16+297,324→ 297,324 total
→ Class A Common Stock (297,324 underlying)

Footnotes (5)

[F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.96 to $4.02, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.
[F2]Each restricted stock unit is convertible into one share of Class A Common Stock.
[F3]One-twelfth (1/12th) of the restricted stock units vest on June 1, 2026 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.
[F4]Each performance stock unit is convertible into one share of Class A Common Stock.
[F5]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 gross profit and 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 shares would vest.

Signature

/s/ Tracy Foard, Attorney-in-Fact|2026-03-18

1 file