Mastercard CFO Ling Hai Exercises and Sells $5.54M in Stock Under 10b5-1 Plan

Executive Summary

On November 3, 2026, Mastercard Inc ($MA) filed a Form 4 detailing equity transactions by Chief Financial Officer Ling Hai. Over two trading days (October 30, 2026, and November 2, 2026), the reporting person exercised stock options and sold a matching total of 8,635 shares of Class A Common Stock for gross proceeds of approximately $5.54 million.

Transaction Details

• Option Exercises (Code M):
  • 2026-10-30: Exercised 4,318 stock options at an exercise price of $112.31 per share.
  • 2026-11-02: Exercised 4,317 stock options at an exercise price of $112.31 per share.
  • Options Status: Awarded on March 1, 2017, and expiring on March 1, 2027; zero derivative options remain from this specific grant.
• Open Market Sales (Code S):
  • 2026-10-30: Sold 4,318 shares at $642.43 per share ($2,774,012.74).
  • 2026-11-02: Sold 4,317 shares at $641.00 per share ($2,767,197.00).
  • Total Realized Sale Value: $5,541,209.74.
• Post-Transaction Holdings: Direct ownership stands at 35,750.5 shares of Class A Common Stock.

Trading Significance

The trading significance is assessed as Low. The transactions represent a routine exercise-and-sale of vested stock options approaching their March 2027 expiration date. Furthermore, all trades were executed under a pre-established Rule 10b5-1 trading plan adopted on December 10, 2025, for personal financial planning purposes. Core equity holdings remain substantial at over 35,750 shares.