Kangwankij Patti 4
4 · Marqeta, Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Marqeta (MQ) CFO Kangwankij Patti Receives Stock Awards
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.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-03-16+1,474,231→ 1,474,231 total→ Class A Common Stock (1,474,231 underlying) - Award
Performance Stock Units (Rule of 40)
[F3][F4]2026-03-16+631,813→ 631,813 total→ Class A Common Stock (631,813 underlying)
Footnotes (4)
- [F1]Each restricted stock unit is convertible into one share of Class A Common Stock.
- [F2]One-third (1/3rd) of the restricted stock units vest on March 1, 2027, and an additional one-twelfth (1/12th) of the restricted stock units vest on each June 1, September 1, December 1, and March 1 thereafter until fully vested, subject to the Reporting Person's continued service with the Issuer as of each vesting date.
- [F3]Each performance stock unit is convertible into one share of Class A Common Stock.
- [F4]Represents the number of shares which may be issued at target under the performance stock unit ("PSU") over a period of time following achievement of certain gross profit and adjusted EBITDA targets as set forth in the PSU agreement, subject to the Reporting Person's continued service to the Issuer as of each vesting date. At maximum achievement, 200% of the shares would vest.