Mastercard Officer Hai Ling Files Form 144 to Sell $2.75M in Common Stock

Executive Summary

On November 2, 2026, Mastercard Inc ($MA) officer Hai Ling filed a Form 144 notice disclosing the proposed sale of 4,317 shares of common stock, valued at approximately $2.75 million ($638.01 per share). The shares are being acquired through a stock option exercise paid in cash on the same date.

Key Transaction Details

• Insider: Hai Ling, Officer
• Shares Proposed for Sale: 4,317
• Aggregate Market Value: $2,754,289.17
• Nature of Acquisition: Exercise of stock options from the issuer
• Trading Plan: Executed pursuant to a Rule 10b5-1 trading plan established on December 10, 2025
• Broker: Morgan Stanley Smith Barney LLC

Prior Sales Context

Within the past three months, the reporting person completed two similar sales under the 10b5-1 plan:

• October 30, 2026: 4,318 shares for gross proceeds of $2,774,012.74
• October 16, 2026: 4,317 shares for gross proceeds of $2,676,540.00

Market Impact & Significance

The trading significance is assessed as Low. The proposed transaction represents a pre-scheduled exercise and sale under an established Rule 10b5-1 plan, constituting a negligible percentage of Mastercard's 864,657,109 outstanding shares.