$MA · Mastercard Incorporated

Mastercard Incorporated filed a Form 4 reporting transactions by its Chief Financial Officer, Hai Ling, in the company’s Class A Common Stock. On October 30, 2026, Ling exercised 4,318 employee stock options at a price of $112.31 per share and sold the same number of shares at $642.43 per share. On November 2, 2026, he exercised 4,317 employee stock options at the same $112.31 exercise price and sold those shares at $641.00 per share. After these transactions, Ling directly held 35,750.5 shares of Class A Common Stock.

The filing indicates that these transactions were made under a pre-planned trading plan adopted on December 10, 2025, intended to satisfy the affirmative defense conditions of Rule 10b5-1. The options exercised had been awarded on March 1, 2017, and were fully vested. Following the two reported exercises, Ling no longer held any of these particular employee stock options. The Form 4 was signed on November 3, 2026, by an attorney-in-fact on Ling’s behalf.