$MA · Mastercard Incorporated

This filing is a routine insider transaction report required by SEC Form 4. It discloses changes in beneficial ownership for Ling Hai, the Chief Financial Officer of Mastercard Inc. The report covers transactions dated October 16, 2026. On that date, Ling Hai exercised employee stock options to acquire 4,317 shares of Mastercard Class A Common Stock at an exercise price of $112.31 per share. He then sold all 4,317 of those shares on the same day at a price of $620 per share. The options that were exercised came from a grant of 12,952 employee stock options made on March 1, 2017, which had fully vested. After these transactions, Ling Hai directly held 35,750.5 shares of Class A Common Stock and retained options to purchase 8,635 additional shares. The filing also notes that the sale was made under a pre-planned Rule 10b5-1 trading plan adopted by Ling Hai on December 10, 2025, for personal financial management purposes. The filing was signed by Craig Brown as attorney-in-fact for Ling Hai, pursuant to a power of attorney dated June 23, 2025. The filing was made on October 19, 2026.