Pollak Todd 4

What Happened

• Todd Pollak, Chief Revenue Officer of Marqeta (MQ), had 254,958 restricted stock units (RSUs) convert into common shares on 2026-03-09. Of those, 140,095 shares were withheld by the company to satisfy tax withholding obligations valued at $4.08 per share (total $571,588). The net shares issued to Pollak were approximately 114,863.
• This was not an open-market sale; the withholding was a non-market tax-remittance action following vesting (i.e., a net settlement of RSUs), so it is generally considered routine rather than an active sell.

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (timely).
• Conversion: 254,958 RSUs converted into 254,958 shares (one RSU = one share).
• Withheld for taxes: 140,095 shares at $4.08/share = $571,588 (issuer withheld shares to satisfy tax liability).
• Net shares delivered to insider: ~114,863 shares (254,958 − 140,095).
• Footnotes: F1 notes an exemption under Rule 16b-6(b); F2 confirms withholding was for tax remittance and not a market sale (Rule 16b-3(e)); F3 confirms 1 RSU = 1 share; F4 describes vesting conditions (100% vests six months after the board appoints a new CEO, subject to continued service, with special immediate vesting if terminated without Cause per the severance plan).
• Shares owned after the transaction: not specified in the provided filing summary.

Context

• This was a conversion/net settlement of vested RSUs (derivative conversion), not a buy or open-market sale. The withholding to cover taxes is a common, administrative step and does not necessarily signal a change in sentiment.
• For retail investors, purchases are typically more informative about insider conviction; net settlements/withholding are routine compensation events.