CHOKSHI ALPESH 4

What Happened
Alpesh Chokshi, a director at Marqeta, converted (exercised) 25,592 restricted stock units into 25,592 shares of Class A common stock on June 13, 2026. The Form 4 shows both an acquisition entry and a matching disposition entry for 25,592 shares at $0.00—this reflects a non‑cash conversion of RSUs rather than a market purchase or a cash sale.

Key Details

• Transaction date: 2026-06-13; reported on the Form 4 filed 2026-06-16.
• Price: $0.00 per share for both the acquisition (conversion) and disposition lines.
• Shares involved: 25,592 RSUs converted into 25,592 shares.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Transaction exempt from Section 16(b) under Rule 16b-6(b).
  • F2: Each restricted stock unit converts into one share of Class A common stock.
  • F3: These RSUs vest one‑third each on June 13, 2025, June 13, 2026, and June 13, 2027, subject to continued service.
• Filing timeliness: Form shows a June 16 filing date for a June 13 transaction; the filing itself does not state a late-filing designation.

Context
This was a vesting/conversion of director RSUs (a non‑cash event), not a routine open‑market purchase or sale. Rule 16b-6(b) exemptions often apply to out-of-cycle award conversions for directors, which is why the short‑swing profit provisions of Section 16(b) do not apply to this reported transaction. The presence of both acquisition and disposition lines at $0.00 reflects the mechanical conversion of RSUs into shares as reported on the Form 4; the filing does not provide sale proceeds or indicate a market sale.