Kangwankij Patti 4

What Happened Kangwankij Patti, Chief Financial Officer of Marqeta, Inc. (MQ), was granted two equity awards on March 16, 2026: 1,474,231 restricted stock units (RSUs) and 631,813 performance stock units (PSUs). Both awards are reported as derivative grants at $0.00 per share (no cash purchase). In total, the awards represent 2,106,044 underlying shares at grant (PSUs are shown at target).

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (filed two days after the transaction date).
• Type: Award/Grant (SEC transaction code A); reported as derivative awards.
• Amounts: 1,474,231 RSUs and 631,813 PSUs (total 2,106,044 shares at grant).
• Price: $0.00 per share (awarded — not an open‑market purchase).
• Shares owned after transaction: not disclosed in this filing.
• Footnotes of note:
  • RSUs convert 1:1 into Class A common shares and vest per schedule (one‑third on March 1, 2027, then 1/12th each June 1, Sept 1, Dec 1, and March 1 thereafter, subject to continued service).
  • PSUs convert 1:1 at target and vest based on achievement of gross profit and adjusted EBITDA targets; at maximum performance up to 200% of the target PSU amount may vest (i.e., up to 1,263,626 shares from this PSU grant).

Context These are time- and performance‑based equity awards (not purchases or sales). RSU awards vest over time with continued service; PSUs vest only if specified financial targets are met. Such grants are common compensation tools for executives and do not by themselves indicate a buy/sell signal—rather they reflect company compensation and retention practices.