Paul Elaine 4
4 · Marqeta, Inc. · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Marqeta (MQ) Director Paul Elaine Receives Award, Converts RSUs
What Happened
Paul Elaine, a director of Marqeta, converted/exercised 36,297 derivative units into shares (reported at $0.00) and simultaneously recorded a disposition of 36,297 derivative shares (also $0.00). On the same date he was granted/awarded 52,219 restricted stock units (RSUs), reported at $0.00. The filing shows no cash paid or received for these reported items.
Key Details
- Transaction date: June 10, 2026; Form 4 filed June 11, 2026 (timely).
- Prices reported: $0.00 for the exercise/conversion, the derivative disposition, and the RSU grant.
- Shares reported: 36,297 converted/exercised (and disposed as derivative), 52,219 RSUs newly awarded.
- Footnotes:
- F1: Transactions exempt from Section 16(b) under Rule 16b-6(b).
- F2: Each RSU converts into one share of Class A common stock.
- F3: The converted 36,297 RSUs were granted June 12, 2025 and vested in full June 10, 2026.
- F4: The 52,219 RSUs vest in full by the earlier of June 10, 2027 or the issuer's next annual meeting (vesting ceases if the director stops service, unless the board decides otherwise).
- Shares owned after the transactions: not specified in the provided filing excerpt.
Context
These filings reflect compensation-related activity (RSU vesting/conversion and a new RSU award), which is routine for directors and executives. The conversion and immediate derivative disposition are commonly seen when RSUs vest and are settled; here both legs were reported at $0.00. Awards and RSU grants are not direct market purchases and do not, by themselves, imply an insider view on near‑term stock performance.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-10+36,297→ 53,750 total - Exercise/Conversion
Restricted Stock Units
[F2][F1][F3]2026-06-10−36,297→ 0 total→ Class A Common Stock (36,297 underlying) - Award
Restricted Stock Units
[F2][F4]2026-06-10+52,219→ 52,219 total→ Class A Common Stock (52,219 underlying)
Footnotes (4)
- [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]Each restricted stock unit is convertible into one share of Class A Common Stock.
- [F3]Restricted stock units granted on June 12, 2025, the date of the Issuer's 2025 Annual Meeting of Stockholders, that vested in full on June 10, 2026, the date of the Issuer's 2026 Annual Meeting of Stockholders.
- [F4]All of the shares vest in full on the earlier of (i) June 10, 2027 or (ii) the Issuer's next annual meeting of stockholders; provided, however, that all vesting will cease if the Reporting Person ceases to provide services to the Issuer, unless the Issuer's Board of Directors determines otherwise prior to the cessation of such services.