Marqeta Inc.
12/08/2025 | Press release | Distributed by Public on 12/08/2025 05:27
Material Event (Form 8-K)
Item 8.01 Other Events.
On December 4, 2025, the Board of Directors (the "Board") of Marqeta, Inc. ("Marqeta" or the "Company") approved an additional share repurchase program authorizing the Company to purchase up to an aggregate of $100 million of the Company's Class A common stock (the "December 2025 Share Repurchase Program"). This December 2025 Share Repurchase Program is distinct from the existing 2025 Share Repurchase Program (as defined in the Company's most recent quarterly report on Form 10-Q, filed with the Securities and Exchange Commission on November 5, 2025). The 2025 Share Repurchase Program has been fully completed with no authorization remaining. In making the determination that the December 2025 Share Repurchase Program is in the best interest of the Company and its stockholders, the Board considered a number of factors including, but not limited to, the Company's liquidity and capital allocation strategy, legal and regulatory compliance, the effect of any repurchases on concentration of ownership and voting power, and the effect of any repurchases on any of our periodically reported financial metrics. For the avoidance of doubt, the Board does not expect that the repurchases contemplated under the December 2025 Share Repurchase Program would result in any stockholder having a majority of voting power.
Under the December 2025 Share Repurchase Program, the Company may repurchase shares from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in accordance with applicable securities laws and other restrictions, including Rule 10b-18 under the Exchange Act. The timing and total amount of any stock repurchases will be determined at management's discretion and depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices and other considerations. The execution of the repurchase program will be consistent with the Company's capital allocation strategy, which prioritizes investments to grow the business. The share repurchase program has no termination date, and does not obligate Marqeta to acquire a specific number of shares of Class A common stock and may be canceled or suspended at any time without notice.
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