Marqeta, an Oakland, California-based card issuing platform that processed nearly $400 billion in annual payments volume in 2025 and operates in more than 40 countries, completed a 1-for-4 reverse stock split of all outstanding Class A Common Stock, Class B Common Stock and Preferred Stock, which took effect at 4:00 PM Eastern Time on June 30. The company's Class A shares have been trading on a split-adjusted basis on the Nasdaq Global Select Market since July 1.
Under the reverse split, every four shares of issued and outstanding stock converted into one share at a par value of $0.0001 per share, applied equally across Class A Common Stock, Class B Common Stock and Preferred Stock. After the consolidation, Marqeta has approximately 97 million Class A shares and 8 million Class B shares issued and outstanding, based on the share count as of the June 10 annual meeting. The reverse split does not alter any stockholder's ownership percentage of the common stock.
The company's stock continues to trade under the ticker symbol MQ but now carries a new CUSIP number, 57142B203. All restricted stock units, performance stock units, options and convertible securities outstanding before the split were adjusted proportionally.
Stockholders holding shares electronically in book-entry form were not required to take any action. Those holding shares through a bank, broker or other nominee had their positions adjusted automatically through their intermediary's standard processes. No fractional shares were issued; stockholders entitled to fractional shares received a cash payment in lieu.
Additional disclosure on the reverse split is available in Marqeta's definitive proxy statement, originally filed with the U.S. Securities and Exchange Commission on April 21, 2026.
