Mastercard CFO Ling Hai Exercises Options and Sells $2.68M Under Rule 10b5-1 Plan

Executive Summary

On October 16, 2026, Mastercard Inc ($MA) Chief Financial Officer Ling Hai executed an option exercise and sale transaction. Hai exercised 4,317 stock options at a strike price of $112.31 per share and subsequently sold all 4,317 shares of Class A Common Stock at an average price of $620.00 per share, generating gross proceeds of approximately $2.68 million.

Transaction Details

• Security: Class A Common Stock
• Option Exercise: 4,317 shares at $112.31 per share (Transaction Code M)
• Open Market Sale: 4,317 shares at $620.00 per share (Transaction Code S)
• Gross Sale Value: $2,676,540.00
• Net Profit from Exercise & Sale: ~$2,191,854.73
• Post-Transaction Holdings: 35,750.5 direct shares of Class A Common Stock and 8,635 remaining options expiring on March 1, 2027.

Market Context & Significance

• Significance Level: Low
• Trading Plan: The transactions were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025, for personal financial planning purposes.
• Impact: Because the sale was paired with a derivative option exercise under a pre-scheduled 10b5-1 plan approaching option expiration (March 2027), this transaction represents standard executive equity compensation realization rather than a discretionary market-timing signal.