Paul Elaine 4

What Happened

• Paul Elaine, a director of Marqeta, converted 34,905 restricted stock units (derivative transaction code M) into 34,905 shares on April 18, 2026. The filing also records a simultaneous disposal of 34,905 shares at $0.00 (no cash proceeds reported). The filing shows the conversion/transaction is exempt from Section 16(b) under Rule 16b-6(b).

Key Details

• Transaction date: April 18, 2026
• Conversion: 34,905 RSUs converted into 34,905 shares (1 RSU = 1 share, per footnote)
• Disposal: 34,905 shares disposed at $0.00 per share (reported proceeds $0)
• Exemption: Transaction exempt under Rule 16b-6(b) (footnote F1)
• Vesting note: These RSUs vest one-third on Apr 18, 2026, with remaining thirds on Apr 18, 2027 and Apr 18, 2028 (footnote F3)
• Shares owned after transaction: Not specified in the provided filing data
• Filing timeliness: Report filed Apr 21, 2026 for an Apr 18, 2026 transaction (filing appears timely)

Context

• This was a conversion of equity awards (restricted stock units) rather than an open-market purchase or sale; the filing does not show any market sale proceeds. Conversions like this commonly occur when RSUs vest and are settled into shares; the filing does not state the reason for the $0 disposal (e.g., transfer, withholding, or other administrative action). As always, such award settlements are not direct signals of insider sentiment about the company’s stock price.