Barkema Sarah 4

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.