CHOKSHI ALPESH 4

What Happened

• Alpesh Chokshi, a director of Marqeta, reported on 2026-06-10 the conversion/exercise of 36,297 derivative units (code M) and an acquisition (award) of 52,219 restricted stock units (RSUs) (code A). All reported transactions show a $0 per-share price and $0 cash value in the filing. The RSU award relates to previously granted units that vested on June 10, 2026.

Key Details

• Transaction date: June 10, 2026. Price reported: $0.00 per share for all entries.
• Derivative conversion/exercise: 36,297 shares (one line shows Acquired, a matching line shows Disposed for the same amount; both $0).
• Award/grant: 52,219 RSUs acquired (each RSU converts to one share).
• Shares owned following the transactions: not specified in the provided excerpt of the filing.
• Footnotes of note:
  • F1: Transactions are exempt from Section 16(b) under Rule 16b-6(b).
  • F2: Each RSU converts into one share of Class A common stock.
  • F3: The RSUs were granted on June 12, 2025 and vested in full on June 10, 2026.
  • F4: Vesting schedule references (earlier of June 10, 2027 or next annual meeting) and service-based cessation conditions.
• Filing timeliness: Reported on 2026-06-11 for transactions dated 2026-06-10 (appears timely under Form 4 rules).

Context

• Code M indicates exercise or conversion of a derivative; code A indicates an award/grant (RSUs). These entries reflect a vesting/settlement event and conversion activity rather than an open-market purchase or sale. The $0 amounts reported in the filing do not show cash proceeds; the filing does not specify any subsequent open-market sale or tax withholding details.