Pollak Todd 4

What Happened

• Todd Pollak, Chief Revenue Officer of Marqeta, was granted two awards on 2026-03-16: 693,756 restricted stock units (RSUs) and 297,324 performance stock units (PSUs). Both awards are reported as derivative awards with a $0 per-unit acquisition price (typical for stock grants) and convert one-for-one into Class A common shares.

Key Details

• Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (timely filing).
• Awards: 693,756 RSUs (F1/F2) and 297,324 PSUs (F3/F4); total = 991,080 units.
• Vesting (RSUs): 1/12 of the RSUs vest on June 1, 2026, then 1/12 of the remaining units vest quarterly on each Sept 1, Dec 1, Mar 1, and June 1 thereafter, subject to continued service (F2).
• Vesting (PSUs): PSUs convert 1:1 to shares upon achievement of specified gross profit and adjusted EBITDA targets; units are granted at target and may pay out up to 200% if maximum performance is achieved (F4).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: A = Grant/Award (derivative securities). No 10b5-1 plan, tax-withholding sale, or late filing indicated in the provided data.

Context

• These are time- and performance-based equity awards, not open-market purchases or sales; they represent future economic interest contingent on service and/or performance targets. PSUs are performance-contingent (may pay out between 0% and 200% of target depending on results), while RSUs follow a time-based vesting schedule. Such awards are common for executive compensation and do not by themselves indicate immediate buying or selling in the open market.