Earnings Feed
Start Free
Marqeta, Inc.·4

Jun 3, 6:44 PM ET

Barkema Sarah 4

4 · Marqeta, Inc. · Filed Jun 3, 2026

Research Summary

AI-generated summary of this filing

Updated

Marqeta (MQ) Principal Accounting Officer Sarah Barkema Converts RSUs

What Happened

  • Sarah Barkema, Principal Accounting Officer at Marqeta (MQ), had restricted stock units (RSUs) convert into 90,822 shares on June 1, 2026. As part of the net settlement, 22,645 shares were withheld to satisfy tax withholding obligations at $4.35 per share, resulting in cash value withheld of about $98,506. After withholding, Barkema received approximately 68,177 shares.
  • These entries are conversion/exercise-type derivative transactions (code M) with related tax-withholding disposals (code F). This is not an open-market sale or purchase by the insider—the disposals reflect shares withheld for taxes.

Key Details

  • Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely filing).
  • Conversion: 90,822 RSUs converted into shares (multiple line items). Withheld for taxes: 22,645 shares at $4.35 each (total ≈ $98,506).
  • Net shares received: ~68,177 shares (90,822 converted − 22,645 withheld).
  • Relevant footnotes: F2 indicates shares were withheld by the issuer to satisfy tax obligations (net settlement, not a market sale). F3 notes each RSU converts to one share. F5/F4/F6/F7 describe vesting schedules (notably a large tranche vested on June 1, 2026 per the filing).
  • Filing timeliness: No late filing indicated.

Context

  • This was a routine RSU vesting and net-settlement tax withholding event (often called a cashless/net settlement). The withheld shares are taken by the issuer to meet tax obligations and do not necessarily reflect a discretionary sale by the insider.
  • For clarity on codes: M = exercise/conversion of derivative (here RSU conversion), F = shares withheld/paid to cover tax liability.

Insider Transaction Report

Form 4
Period: 2026-06-01
Marqeta, Inc.MQ
Barkema Sarah
Principal Accounting Officer
Transactions
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-06-01+25,166→ 166,168 total
  • Tax Payment

    Class A Common Stock

    [F2]
    2026-06-01$4.35/sh−6,274$27,292→ 159,894 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-06-01+13,235→ 173,129 total
  • Tax Payment

    Class A Common Stock

    [F2]
    2026-06-01$4.35/sh−3,300$14,355→ 169,829 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-06-01+20,647→ 190,476 total
  • Tax Payment

    Class A Common Stock

    [F2]
    2026-06-01$4.35/sh−5,148$22,394→ 185,328 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-06-01+30,085→ 215,413 total
  • Tax Payment

    Class A Common Stock

    [F2]
    2026-06-01$4.35/sh−7,501$32,629→ 207,912 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-06-01+1,689→ 209,601 total
  • Tax Payment

    Class A Common Stock

    [F2]
    2026-06-01$4.35/sh−422$1,836→ 209,179 total
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F1][F4]
    2026-06-01−25,166→ 125,831 total
    → Class A Common Stock (25,166 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F1][F5]
    2026-06-01−30,085→ 0 total
    → Class A Common Stock (30,085 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F1][F6]
    2026-06-01−1,689→ 11,824 total
    → Class A Common Stock (1,689 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F7]
    2026-06-01−13,235→ 393,354 total
    → Class A Common Stock (13,235 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F3][F7]
    2026-06-01−20,647→ 372,707 total
    → Class A Common Stock (20,647 underlying)
Footnotes (7)
  • [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.
  • [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]Each restricted stock unit is convertible into one share of Class A Common Stock.
  • [F4]One-third (1/3rd) of the restricted stock units vested on September 1, 2025, and an additional one-twelfth (1/12th) of the restricted stock units vest on each December 1, March 1, June 1, and September 1 thereafter until fully vested, subject to the Reporting Person's continued service with the Issuer as of each vesting date.
  • [F5]10% of the restricted stock units vested on September 1, 2025, 20% vested on December 1, 2025, 20% vested on March 1, 2026, and 50% vested on June 1, 2026, subject to the Reporting Person's continued service to the Issuer as of such vesting date.
  • [F6]One-twelfth (1/12th) of the restricted stock units vested on June 1, 2025, 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.
  • [F7]One-twelfth (1/12th) of the restricted stock units vested on June 1, 2026 and one-twelfth (1/12th) of the remaining restricted stock units vest quarterly on each June 1, September 1, December 1, and March 1 thereafter, subject to the Reporting Person's continued service to the Issuer as of each vesting date.
Signature
/s/ Sarah J. Barkema|2026-06-03

Documents

1 file
  • 4
    wk-form4_1780526650.xmlPrimary

    FORM 4