Marqeta Founder Jason Gardner Holds 9.77% Stake
Ticker: MQ · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1522540
Complexity: simple
Sentiment: bullish
Topics: insider-ownership, founder-stake, amendment, beneficial-ownership
TL;DR
**Marqeta founder Jason Gardner still owns nearly 10% of the company, showing strong conviction.**
AI Summary
Jason Gardner, the founder of Marqeta, Inc., filed an amended SC 13G/A on February 12, 2024, disclosing his beneficial ownership of 51,511,083 shares of Marqeta Class A common stock as of December 31, 2023. This represents 9.77% of the company's outstanding shares. This filing indicates a significant ownership stake by the founder, which can be a positive signal for investors as it aligns his interests with long-term company performance.
Why It Matters
A founder's substantial ownership stake, like Jason Gardner's 9.77% in Marqeta, often signals confidence in the company's future and aligns his financial interests directly with shareholder value.
Risk Assessment
Risk Level: low — This filing generally indicates a stable ownership structure by a founder, which is typically a low-risk event for investors.
Analyst Insight
Investors should view Jason Gardner's continued substantial ownership (9.77%) as a positive signal, suggesting strong founder confidence in Marqeta's long-term prospects, and consider it when evaluating their investment thesis.
Key Numbers
- 51,511,083 — Total Shares Owned (Represents the aggregate amount of Marqeta Class A common stock beneficially owned by Jason Gardner.)
- 9.77% — Percent of Class (Indicates the significant portion of Marqeta's Class A common stock controlled by its founder, Jason Gardner.)
- 1,968,537 — Sole Voting Power Shares (The number of shares over which Jason Gardner has exclusive voting control.)
- 37,135,479 — Shared Voting Power Shares (The number of shares over which Jason Gardner shares voting power with others.)
- 4,407,067 — Sole Dispositive Power Shares (The number of shares over which Jason Gardner has exclusive power to sell or dispose.)
Key Players & Entities
- Jason Gardner (person) — Reporting Person, Founder of Marqeta, Inc.
- Marqeta, Inc. (company) — Subject Company, Issuer of Class A common stock
- 51,511,083 (dollar_amount) — Aggregate amount of shares beneficially owned by Jason Gardner
- 9.77% (dollar_amount) — Percentage of Class A common stock beneficially owned by Jason Gardner
- December 31, 2023 (date) — Date of event requiring the filing
Forward-Looking Statements
- Jason Gardner will maintain a significant ownership stake in Marqeta, Inc. (Jason Gardner) — high confidence, target: December 31, 2024
- Marqeta's stock performance will be positively influenced by founder's continued high ownership. (Marqeta, Inc.) — medium confidence, target: December 31, 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Jason Gardner, identified in Item 1 of the filing as 'Jason Gardner' and also as the 'FILED BY' entity.
What is the total number of Marqeta, Inc. Class A common stock shares beneficially owned by Jason Gardner as of December 31, 2023?
As of December 31, 2023, Jason Gardner beneficially owned an aggregate of 51,511,083 shares of Marqeta, Inc. Class A common stock, as stated in Row 9 of the cover page.
What percentage of Marqeta, Inc.'s Class A common stock does Jason Gardner beneficially own?
Jason Gardner beneficially owns 9.77% of Marqeta, Inc.'s Class A common stock, as indicated in Row 11 of the cover page.
What is the CUSIP number for Marqeta, Inc.'s Class A common stock?
The CUSIP number for Marqeta, Inc.'s Class A common stock is 57142B104, as listed on the cover page of the filing.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(d) of the Securities Exchange Act of 1934, as indicated by the checked box on the first page of the document.
Filing Stats: 871 words · 3 min read · ~3 pages · Grade level 7.3 · Accepted 2024-02-12 16:06:24
Key Financial Figures
- $0.0001 — suer) Class A common stock, par value $0.0001 per share (Title of Class of Securitie
Filing Documents
- marqeta13gjgardner2023.htm (SC 13G/A) — 43KB
- 0001864306-24-000003.txt ( ) — 44KB
(a). Name of Issuer
Item 1(a). Name of Issuer Marqeta, Inc.
(b). Address of Issuer's Principal Executive Offices
Item 1(b). Address of Issuer's Principal Executive Offices 180 Grand Avenue, 6th Floor Oakland, CA 94612
(a). Name of Person Filing
Item 2 (a). Name of Person Filing Jason Gardner
(b). Address of Principal Business Office or, if none, Residence
Item 2 (b). Address of Principal Business Office or, if none, Residence co Marqeta, Inc. 180 Grand Avenue, 6th Floor Oakland, CA 94612
(c). Citizenship
Item 2 (c). Citizenship The Reporting Person is a United States citizen.
(d). Title of Class of Securities
Item 2 (d). Title of Class of Securities Class A common stock, par value $0.0001 per share
(e). CUSIP Number
Item 2 (e). CUSIP Number 57142B104
If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a Not applicable.
Ownership
Item 4. Ownership. (a) Amount beneficially owned 51,511,083 (b) Percent of class 9.77% (c) Number of shares as to which the person has (i) Sole power to vote or to direct the vote 1,968,537 (ii) Shared power to vote or to direct the vote 37,135,479 (iii) Sole power to dispose or to direct the disposition of 4,407,067 (iv) Shared power to dispose or to direct the disposition of 37,135,479
Ownership of 5 Percent or Less of a Class
Item 5. Ownership of 5 Percent or Less of a Class. Not applicable.
Ownership of More than 5 Percent on Behalf of Another Person
Item 6. Ownership of More than 5 Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not applicable.
Certifications
Item 10. Certifications. Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated February 12, 2024 s Jason Gardner Jason Gardner