What the executives and directors of Mastercard actually did with their own shares, decoded from three years of SEC Form 4 filings.
The tape: three years of insider trades
Every marker sits at the exact price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the gray strip is routine flow (vestings, tax withholding, gifts) that headlines love to miscount as selling.
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
Skin in the game
Directly held shares as reported after each trade, indexed to 100 five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m |
|---|---|---|---|---|
| Mastercard Foundation | 10% owner | 91.6M | — | — |
| Mastercard Foundation Asset Management Corp | 10% owner | 91.6M | — | — |
| Miebach Michael President & CEO | CEO | 125.7K | — | $19.1M |
| Bhalla Ajay President Cyber & Intelligence | Officer | 125.1K | — | — |
| McLaughlin Edward Grunde President & CTO, MA Tech | Officer | 58.5K | — | $18.1M |
| Vosburg Craig Chief Services Officer | Officer | 56.5K | — | — |
| Ling Hai Chief Financial Officer | CFO | 35.8K | — | $7.2M |
| Kirkpatrick Linda Pistecchia Chief Services Officer | Officer | 31.2K | — | $2.4M |
| SACHIN J. MEHRA Chief Financial Officer | CFO | 29K | — | $20.7M |
| Murphy Timothy H Chief Administrative Officer | Officer | 27.4K | — | — |
| Madabhushi Venkata R Chief Mktg & Comms Officer | Officer | 19.6K | — | — |
| Qureshi Rima | Director | 18.9K | — | — |
| Seshadri Raj Chief Commercial Pmts Officer | Officer | 18.4K | — | $3.6M |
| Janow Merit E | Director | 14.6K | — | — |
Open-market trade log
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-08-04 | Kirkpatrick Linda Pistecchia (Officer) | Planned sale (10b5-1) | 40 | $564.92 | $23K |
| 2026-08-04 | Kirkpatrick Linda Pistecchia (Officer) | Planned sale (10b5-1) | 120 | $572.89 | $69K |
| 2026-08-04 | Kirkpatrick Linda Pistecchia (Officer) | Planned sale (10b5-1) | 200 | $568.00 | $114K |
| 2026-08-04 | Kirkpatrick Linda Pistecchia (Officer) | Planned sale (10b5-1) | 360 | $569.18 | $205K |
| 2026-08-04 | Kirkpatrick Linda Pistecchia (Officer) | Planned sale (10b5-1) | 400 | $569.98 | $228K |
| 2026-08-04 | Kirkpatrick Linda Pistecchia (Officer) | Planned sale (10b5-1) | 600 | $566.68 | $340K |
| 2026-08-04 | Kirkpatrick Linda Pistecchia (Officer) | Planned sale (10b5-1) | 880 | $572.06 | $503K |
| 2026-08-04 | Kirkpatrick Linda Pistecchia (Officer) | Planned sale (10b5-1) | 1,680 | $571.22 | $960K |
| 2026-08-03 | Miebach Michael (CEO) | Planned sale (10b5-1) | 16.6K | $580.00 | $9.6M |
| 2026-07-31 | Miebach Michael (CEO) | Planned sale (10b5-1) | 16.6K | $567.68 | $9.4M |
| 2026-07-15 | Arkell Sandra A (Officer) | Planned sale (10b5-1) | 144 | $540.00 | $78K |
| 2026-07-15 | McLaughlin Edward Grunde (Officer) | Planned sale (10b5-1) | 160 | $531.63 | $85K |
| 2026-07-15 | McLaughlin Edward Grunde (Officer) | Planned sale (10b5-1) | 1,089 | $538.82 | $587K |
| 2026-07-15 | McLaughlin Edward Grunde (Officer) | Planned sale (10b5-1) | 1,108 | $530.67 | $588K |
| 2026-07-15 | McLaughlin Edward Grunde (Officer) | Planned sale (10b5-1) | 1,903 | $529.45 | $1M |
| 2026-07-15 | McLaughlin Edward Grunde (Officer) | Planned sale (10b5-1) | 2,510 | $536.95 | $1.3M |
| 2026-07-15 | McLaughlin Edward Grunde (Officer) | Planned sale (10b5-1) | 3,431 | $538.09 | $1.8M |
| 2026-07-15 | McLaughlin Edward Grunde (Officer) | Planned sale (10b5-1) | 3,440 | $533.75 | $1.8M |
| 2026-07-15 | McLaughlin Edward Grunde (Officer) | Planned sale (10b5-1) | 6,159 | $534.66 | $3.3M |
| 2026-07-14 | Arkell Sandra A (Officer) | Planned sale (10b5-1) | 200 | $540.00 | $108K |
| 2026-07-07 | Arkell Sandra A (Officer) | Planned sale (10b5-1) | 200 | $540.00 | $108K |
| 2026-07-06 | Arkell Sandra A (Officer) | Planned sale (10b5-1) | 200 | $540.00 | $108K |
| 2026-07-02 | Seshadri Raj (Officer) | Planned sale (10b5-1) | 1,977 | $529.73 | $1M |
| 2026-07-01 | McLaughlin Edward Grunde (Officer) | Planned sale (10b5-1) | 14.3K | $525.19 | $7.5M |
| 2026-07-01 | Seshadri Raj (Officer) | Planned sale (10b5-1) | 4,828 | $525.00 | $2.5M |
| 2026-02-24 | Ling Hai (Officer) | Planned sale (10b5-1) | 4,485 | $495.71 | $2.2M |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 40 | $516.72 | $21K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 40 | $522.65 | $21K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 41 | $520.20 | $21K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 52 | $496.00 | $26K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 80 | $497.71 | $40K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 80 | $500.84 | $40K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 80 | $521.56 | $42K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 82 | $510.93 | $42K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 120 | $494.09 | $59K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 120 | $502.75 | $60K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 120 | $513.43 | $62K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 120 | $519.34 | $62K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 160 | $512.22 | $82K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 200 | $508.15 | $102K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 240 | $509.54 | $122K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 241 | $490.90 | $118K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 294 | $495.18 | $146K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 360 | $492.17 | $177K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 440 | $504.96 | $222K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 454 | $507.01 | $230K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 512 | $506.07 | $259K |
| 2026-02-23 | Ling Hai (Officer) | Planned sale (10b5-1) | 610 | $493.24 | $301K |
| 2025-09-02 | SACHIN J. MEHRA (CFO) | Planned sale (10b5-1) | 297 | $594.12 | $176K |
| 2025-09-02 | SACHIN J. MEHRA (CFO) | Planned sale (10b5-1) | 497 | $588.56 | $293K |
| 2025-09-02 | SACHIN J. MEHRA (CFO) | Planned sale (10b5-1) | 822 | $587.66 | $483K |
| 2025-09-02 | SACHIN J. MEHRA (CFO) | Planned sale (10b5-1) | 1,400 | $586.74 | $821K |
| 2025-09-02 | SACHIN J. MEHRA (CFO) | Planned sale (10b5-1) | 1,987 | $592.74 | $1.2M |
| 2025-09-02 | SACHIN J. MEHRA (CFO) | Planned sale (10b5-1) | 2,166 | $594.90 | $1.3M |
| 2025-09-02 | SACHIN J. MEHRA (CFO) | Planned sale (10b5-1) | 2,241 | $590.62 | $1.3M |
| 2025-09-02 | SACHIN J. MEHRA (CFO) | Planned sale (10b5-1) | 3,613 | $591.87 | $2.1M |
| 2025-09-02 | SACHIN J. MEHRA (CFO) | Planned sale (10b5-1) | 4,240 | $589.78 | $2.5M |
| 2025-08-22 | Ling Hai (Officer) | Planned sale (10b5-1) | 4,485 | $600.00 | $2.7M |
| 2025-08-19 | SACHIN J. MEHRA (CFO) | Planned sale (10b5-1) | 100 | $590.53 | $59K |
| 2025-08-19 | SACHIN J. MEHRA (CFO) | Planned sale (10b5-1) | 700 | $590.03 | $413K |
“Since trade” compares with the latest insider-implied price, not a market quote; this site carries no market data by design.
Filing hygiene
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.