Mastercard CFO Hai Ling Sells $5.54 Million of Stock After Exercising Options
Mastercard Chief Financial Officer Hai Ling sold 8,635 shares of the payments company's Class A stock for $5.54 million over two trading days, according to a Form 4 filing Tuesday, after exercising stock options that were due to expire in March.
All of the transactions were made under a prearranged Rule 10b5-1 trading plan that Ling adopted on Dec. 10, 2025, "for personal financial management purposes," the filing said.
Options exercised, then sold
On Oct. 30, Ling exercised options to buy 4,318 shares at $112.31 each and sold the same 4,318 shares at $642.43, for proceeds of $2.77 million.
On Nov. 2, he exercised options on another 4,317 shares at $112.31 and sold them at $641.00, for $2.77 million.
Together, the two sales came to $5,541,210. The exercise cost for the 8,635 shares was $969,797 at the $112.31 strike price.
The options came from a grant of 12,952 employee stock options awarded on March 1, 2017, which had fully vested, according to the filing. They were set to expire on March 1, 2027. After the two exercises, Ling holds no remaining options from that grant.
What he still holds
Ling directly owns 35,750.5 Mastercard Class A shares after the trades, unchanged from his position before the exercise-and-sale transactions, the filing showed.
By the numbers
- Shares sold: 8,635 (4,318 on Oct. 30 and 4,317 on Nov. 2)
- Sale prices: $642.43 and $641.00
- Total sale value: $5,541,210
- Options exercised: 8,635 at $112.31
- Class A shares held directly after: 35,750.5
- 10b5-1 plan adopted: Dec. 10, 2025
Sources
- Form 4 filed by Mastercard Chief Financial Officer Hai Ling, filed Nov. 3, 2026 (accession 0001141391-26-000126)
This article is for informational and educational purposes only and is not investment advice. It is not a recommendation to buy or sell any security.
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