Filing Details
- Accession Number:
- 0001193125-22-127521
- Form Type:
- 13G Filing
- Publication Date:
- 2022-04-27 20:00:00
- Filed By:
- Iconiq Strategic Partners Iii, L.p.
- Company:
- Marqeta Inc.
- Filing Date:
- 2022-04-28
- SEC Url:
- 13G Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| ICONIQ Strategic Partners III | 20,491,945 | 0 | 20,491,945 | 0 | 20,491,945 | 7.5% |
| ICONIQ Strategic Partners III-B | 21,898,220 | 0 | 21,898,220 | 0 | 21,898,220 | 8.0% |
| ICONIQ Strategic Partners III GP | 42,390,165 | 0 | 42,390,165 | 0 | 42,390,165 | 15.4% |
| ICONIQ Strategic Partners III TT GP, Ltd | 42,390,165 | 0 | 42,390,165 | 0 | 42,390,165 | 15.4% |
| Divesh Makan | 42,390,165 | 0 | 42,390,165 | 0 | 42,390,165 | 15.4% |
| William J.G. Griffith | 42,390,165 | 0 | 42,390,165 | 0 | 42,390,165 | 15.4% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
Marqeta, Inc.
(Name of Issuer)
Class A common stock, par value $0.0001 per share
(Title of Class of Securities)
57142B104
(CUSIP Number)
December 31, 2021
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
| ☐ | Rule 13d-1(b) |
| ☐ | Rule 13d-1(c) |
| ☒ | Rule 13d-1(d) |
| * | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 57142B104 | SCHEDULE 13G | Page 2 of 12 Pages |
| 1. | NAMES OF REPORTING PERSONS
ICONIQ Strategic Partners III, L.P. | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||
| 3. | SEC USE ONLY
| |||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER
20,491,945 (1) | ||
| 6. | SHARED VOTING POWER
0 | |||
| 7. | SOLE DISPOSITIVE POWER
20,491,945 (1) | |||
| 8. | SHARED DISPOSITIVE POWER
0 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
20,491,945 (1) | |||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
☐ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
9
7.5% (2) | |||
| 12. | TYPE OF REPORTING PERSON
PN | |||
| (1) | Represents 20,491,945 shares of Class A Common Stock held directly by ICONIQ Strategic Partners III, L.P. |
| (2) | The percent of class was calculated based on (i) 232,493,282 shares of Class A Common Stock outstanding as of November 5, 2021, as disclosed in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on November 10, 2021, plus (ii) an aggregate of 42,093,869 shares of Class B Common Stock previously held by certain of the reporting persons, which were converted into Class A Common Stock on November 10, 2021. |
| CUSIP No. 57142B104 | SCHEDULE 13G | Page 3 of 12 Pages |
| 1. | NAMES OF REPORTING PERSONS
ICONIQ Strategic Partners III-B, L.P. | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||
| 3. | SEC USE ONLY
| |||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER
21,898,220 (1) | ||
| 6. | SHARED VOTING POWER
0 | |||
| 7. | SOLE DISPOSITIVE POWER
21,898,220 (1) | |||
| 8. | SHARED DISPOSITIVE POWER
0 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
21,898,220 (1) | |||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
☐ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
9
8.0% (2) | |||
| 12. | TYPE OF REPORTING PERSON
PN | |||
| (1) | Represents 21,898,220 shares of Class A Common Stock held directly by ICONIQ Strategic Partners III-B, L.P. |
| (2) | The percent of class was calculated based on (i) 232,493,282 shares of Class A Common Stock outstanding as of November 5, 2021, as disclosed in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on November 10, 2021, plus (ii) an aggregate of 42,093,869 shares of Class B Common Stock previously held by certain of the reporting persons, which were converted into Class A Common Stock on November 10, 2021. |
| CUSIP No. 57142B104 | SCHEDULE 13G | Page 4 of 12 Pages |
| 1. | NAMES OF REPORTING PERSONS
ICONIQ Strategic Partners III GP, L.P. | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||
| 3. | SEC USE ONLY
| |||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER
42,390,165 (1) | ||
| 6. | SHARED VOTING POWER
0 | |||
| 7. | SOLE DISPOSITIVE POWER
42,390,165 (1) | |||
| 8. | SHARED DISPOSITIVE POWER
0 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
42,390,165 (1) | |||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
☐ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
9
15.4% (2) | |||
| 12. | TYPE OF REPORTING PERSON
PN | |||
| (1) | Represents 42,390,165 shares of Class A Common Stock held directly by ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. |
| (2) | The percent of class was calculated based on (i) 232,493,282 shares of Class A Common Stock outstanding as of November 5, 2021, as disclosed in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on November 10, 2021, plus (ii) an aggregate of 42,093,869 shares of Class B Common Stock previously held by certain of the reporting persons, which were converted into Class A Common Stock on November 10, 2021. |
| CUSIP No. 57142B104 | SCHEDULE 13G | Page 5 of 12 Pages |
| 1. | NAMES OF REPORTING PERSONS
ICONIQ Strategic Partners III TT GP, Ltd. | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||
| 3. | SEC USE ONLY
| |||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER
42,390,165 (1) | ||
| 6. | SHARED VOTING POWER
0 | |||
| 7. | SOLE DISPOSITIVE POWER
42,390,165 (1) | |||
| 8. | SHARED DISPOSITIVE POWER
0 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
42,390,165 (1) | |||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
☐ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
9
15.4% (2) | |||
| 12. | TYPE OF REPORTING PERSON
CO | |||
| (1) | Represents 42,390,165 Class A Common Stock held directly by ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. |
| (2) | The percent of class was calculated based on (i) 232,493,282 shares of Class A Common Stock outstanding as of November 5, 2021, as disclosed in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on November 10, 2021, plus (ii) an aggregate of 42,093,869 shares of Class B Common Stock previously held by certain of the reporting persons, which were converted into Class A Common Stock on November 10, 2021. |
| CUSIP No. 57142B104 | SCHEDULE 13G | Page 6 of 12 Pages |
| 1. | NAMES OF REPORTING PERSONS
Divesh Makan | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||
| 3. | SEC USE ONLY
| |||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER
42,390,165 (1) | ||
| 6. | SHARED VOTING POWER
0 | |||
| 7. | SOLE DISPOSITIVE POWER
42,390,165 (1) | |||
| 8. | SHARED DISPOSITIVE POWER
0 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
42,390,165 (1) | |||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
☐ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
9
15.4% (2) | |||
| 12. | TYPE OF REPORTING PERSON
IN | |||
| (1) | Represents 42,390,165 shares of Class A Common Stock held directly by ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. Divesh Makan and William J.G. Griffith are the sole equity holders of ICONIQ Strategic Partners III TT GP, Ltd. |
| (2) | The percent of class was calculated based on (i) 232,493,282 shares of Class A Common Stock outstanding as of November 5, 2021, as disclosed in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on November 10, 2021, plus (ii) an aggregate of 42,093,869 shares of Class B Common Stock previously held by certain of the reporting persons, which were converted into Class A Common Stock on November 10, 2021. |
| CUSIP No. 57142B104 | SCHEDULE 13G | Page 7 of 12 Pages |
| 1. | NAMES OF REPORTING PERSONS
William J.G. Griffith | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||
| 3. | SEC USE ONLY
| |||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER
42,390,165 (1) | ||
| 6. | SHARED VOTING POWER
0 | |||
| 7. | SOLE DISPOSITIVE POWER
42,390,165 (1) | |||
| 8. | SHARED DISPOSITIVE POWER
0 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
42,390,165 (1) | |||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
☐ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
9
15.4% (2) | |||
| 12. | TYPE OF REPORTING PERSON
IN | |||
| (1) | Represents 42,390,165 shares of Class A Common Stock held directly by ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. ICONIQ Strategic Partners III GP, L.P. is the sole general partner of each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. and may be deemed to beneficially own the shares of stock held directly by each of ICONIQ Strategic Partners III, L.P. and ICONIQ Strategic Partners III-B, L.P. Divesh Makan and William J.G. Griffith are the sole equity holders of ICONIQ Strategic Partners III TT GP, Ltd. |
| (2) | The percent of class was calculated based on (i) 232,493,282 shares of Class A Common Stock outstanding as of November 5, 2021, as disclosed in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on November 10, 2021, plus (ii) an aggregate of 42,093,869 shares of Class B Common Stock previously held by certain of the reporting persons, which were converted into Class A Common Stock on November 10, 2021. |
| CUSIP No. 57142B104 | SCHEDULE 13G | Page 8 of 12 Pages |
| Item 1. | Issuer | |||||
| (a) | Name of Issuer: | |||||
| Marqeta, Inc. (the Issuer) | ||||||
| (b) | Address of Issuers Principal Executive Offices: | |||||
| 18 Grand Avenue, 6th Floor Oakland, CA 94612 | ||||||
| Item 2. | Filing Person | |||||
| (a) (c) | Name of Persons Filing; Address; Citizenship: | |||||
| (i) ICONIQ Strategic Partners III, L.P., a Cayman Islands exempted limited partnership (ICONIQ III).
(ii) ICONIQ Strategic Partners III-B, L.P., a Cayman Islands exempted limited partnership (ICONIQ III-B, and together with ICONIQ III, the ICONIQ III Funds).
(iii) ICONIQ Strategic Partners III GP, L.P., a Cayman Islands exempted limited partnership (ICONIQ III GP), the sole general partner of the ICONIQ III Funds.
(iv) ICONIQ Strategic Partners III TT GP, Ltd., a Cayman Islands exempted company (ICONIQ III Parent GP), the sole general partner of ICONIQ III GP.
(v) Divesh Makan, a citizen of the United States (Makan).
(vi) William J.G. Griffith, a citizen of the United States (Griffith), together with Makan, are the sole equity holders of ICONIQ III Parent GP.
The address of the principal business office of each of the reporting persons is c/o ICONIQ Capital, 394 Pacific Avenue, 2nd Floor, San Francisco, CA 94111. | ||||||
| (d) | Title of Class of Securities: | |||||
| Class A common stock, par value $0.0001 per share ( Class A Common Stock) | ||||||
| (e) | CUSIP Number:
57142B104 | |||||
| Item 3. | If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: | |||||
| (a) | ☐ | Broker or dealer registered under Section 15 of the Act; | ||||
| (b) | ☐ | Bank as defined in Section 3(a)(6) of the Act; | ||||
| (c) | ☐ | Insurance company as defined in Section 3(a)(19) of the Act; | ||||
| (d) | ☐ | Investment company registered under Section 8 of the Investment Company Act of 1940; | ||||
| (e) | ☐ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | ||||
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | ||||
| (g) | ☐ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | ||||
| (h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | ||||
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; | ||||
| (j) | ☐ | A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); | ||||
| (k) | ☐ | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: | ||||
| If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: | ||||||
| CUSIP No. 57142B104 | SCHEDULE 13G | Page 9 of 12 Pages |
| Item 4. | Ownership. | |||||
| (a) and (b) | Amount beneficially owned: | |||||
| (i) | ICONIQ III directly owns 20,491,945 shares of Class A Common Stock, which represents approximately 7.5% of the outstanding Class A Common Stock. | |||||
| (ii) | ICONIQ III-B directly owns 21,898,220 shares of Class A Common Stock, which represents approximately 8.0% of the outstanding Class A Common Stock. | |||||
| (iii) | ICONIQ III GP may be deemed to beneficially own 42,390,165 shares of Class A Common Stock held by the ICONIQ III Funds, which represents approximately 15.4% of the outstanding Class A Common Stock. | |||||
| (iv) | ICONIQ III Parent GP may be deemed to beneficially own 42,390,165 shares of Class A Common Stock held by the ICONIQ III Funds, which represents approximately 15.4% of the outstanding Class A Common Stock. | |||||
| (v) | Makan may be deemed to beneficially own 42,390,165 shares of Class A Common Stock held by the ICONIQ III Funds, which represents approximately 15.4% of the outstanding Class A Common Stock. | |||||
| (vi) | Griffith may be deemed to beneficially own 42,390,165 shares of Class A Common Stock held by the ICONIQ III Funds, which represents approximately 15.4% of the outstanding Class A Common Stock.
The percent of class was calculated based on (i) 232,493,282 shares of Class A Common Stock outstanding as of November 5, 2021, as disclosed in the Issuers Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on November 10, 2021, plus (ii) an aggregate of 42,093,869 shares of Class B Common Stock previously held by certain of the reporting persons, which were converted into Class A Common Stock on November 10, 2021. | |||||
| (c) | Number of shares as to which such person has: | |||||
| Number of Class A Common Stock | ||||||||||||||||
| Reporting Person | (i) | (ii) | (iii) | (iv) | ||||||||||||
| ICONIQ III | 20,491,945 | 0 | 20,491,945 | 0 | ||||||||||||
| ICONIQ III-B | 21,898,220 | 0 | 21,898,220 | 0 | ||||||||||||
| ICONIQ III GP | 42,390,165 | 0 | 42,390,165 | 0 | ||||||||||||
| ICONIQ III Parent GP | 42,390,165 | 0 | 42,390,165 | 0 | ||||||||||||
| Makan | 42,390,165 | 0 | 42,390,165 | 0 | ||||||||||||
| Griffith | 42,390,165 | 0 | 42,390,165 | 0 | ||||||||||||
| (i) Sole power to vote or direct the vote
(ii) Shared power to vote or to direct the vote
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of | ||
| Item 5. | Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ☐ | |
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person.
Not applicable. | |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not applicable. | |
| Item 8. | Identification and Classification of Members of the Group.
The Reporting Persons expressly disclaim membership in a group as used in Rule 13d-5(b)(1). | |
| CUSIP No. 57142B104 | SCHEDULE 13G | Page 10 of 12 Pages |
| Item 9. | Notice of Dissolution of Group.
Not applicable. | |
| Item 10. | Certification.
Not applicable. | |
| CUSIP No. 57142B104 | SCHEDULE 13G | Page 11 of 12 Pages |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: April 28, 2022
| ICONIQ Strategic Partners III, L.P., a Cayman |
| Islands exempted limited partnership |
| By: ICONIQ Strategic Partners III GP, L.P., a |
| Cayman Islands Exempted limited partner, its General Partner |
| By: ICONIQ Strategic Partners III TT GP, Ltd, a |
| Cayman Islands exempted company, its General Partner |
| By: Kevin Foster |
| Title: Authorized Person |
| /s/ Kevin Foster |
| Signature of Reporting Person |
| ICONIQ Strategic Partners III-B, L.P., a Cayman |
| Islands exempted limited partnership |
| By: ICONIQ Strategic Partners III GP, L.P., a |
| Cayman Islands exempted limited partnership, its General Partner |
| By: ICONIQ Strategic Partners III TT GP, Ltd., a |
| Cayman Islands exempted company, its |
| General Partner |
| By: Kevin Foster |
| Title: Authorized Person |
| /s/ Kevin Foster |
| Signature of Reporting Person |
| ICONIQ Strategic Partners III GP, L.P., a |
| Cayman Islands exempted limited partnership |
| By: ICONIQ Strategic Partners III TT GP, Ltd., a |
| Cayman Islands exempted company, its |
| General Partner |
| By: Kevin Foster |
| Title: Authorized Person |
| /s/ Kevin Foster |
| Signature of Reporting Person |
| CUSIP No. 57142B104 | SCHEDULE 13G | Page 12 of 12 Pages |
| ICONIQ Strategic Partners III TT GP, Ltd., a |
| Cayman Islands exempted company |
| By: Kevin Foster |
| Title: Authorized Person |
| /s/ Kevin Foster |
| Signature of Reporting Person |
| Divesh Makan |
| /s/ Divesh Makan |
| Signature of Reporting Person |
| William J.G. Griffith |
| /s/ William J.G. Griffith |
| Signature of Reporting Person |