SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X	Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person* Bhalla Ajay (Last) (First) (Middle) 2000 PURCHASE STREET (Street) PURCHASE NY 10577 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Mastercard Inc [ MA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) President Cyber & Intelligence
	3. Date of Earliest Transaction (Month/Day/Year) 09/14/2023
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/14/2023		M		4,000(1)	A	$77.72	10,235.249	D
Class A Common Stock	09/14/2023		S		500(1)	D	$411.35(2)	9,735.249	D
Class A Common Stock	09/14/2023		S		1,500(1)	D	$412.676(3)	8,235.249	D
Class A Common Stock	09/14/2023		S		1,415(1)	D	$413.359(4)	6,820.249	D
Class A Common Stock	09/14/2023		S		500(1)	D	$414.726(5)	6,320.249	D
Class A Common Stock	09/14/2023		S		85(1)	D	$418.64	6,235.249	D
Class A Common Stock	09/15/2023		M		4,000(1)	A	$77.72	10,235.249	D
Class A Common Stock	09/15/2023		S		3,368(1)	D	$411.8606(6)	6,867.249	D
Class A Common Stock	09/15/2023		S		33(1)	D	$413.59	6,834.249	D
Class A Common Stock	09/15/2023		S		533(1)	D	$415.9164(7)	6,301.249	D
Class A Common Stock	09/15/2023		S		66(1)	D	$416.865(8)	6,235.249	D
Class A Common Stock	09/18/2023		M		4,000(1)	A	$77.72	10,235.249	D
Class A Common Stock	09/18/2023		S		4,000(1)	D	$413.88	6,235.249	D
Class A Common Stock								119,127	I	See footnote below(9)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$77.72	09/14/2023		M			4,000(1)	(10)	03/01/2024	Class A Common Stock	4,000	$0	9,996	D
Employee Stock Option (right to buy)	$77.72	09/15/2023		M			4,000(1)	(10)	03/01/2024	Class A Common Stock	4,000	$0	5,996	D
Employee Stock Option (right to buy)	$77.72	09/18/2023		M			4,000(1)	(10)	03/01/2024	Class A Common Stock	4,000	$0	1,996	D

Explanation of Responses:

1. The transactions reported in this Form 4 were effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on June 15, 2023.

2. The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $410.78 to $411.54. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

3. The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $412.05 to $413.02. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

4. The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $413.07 to $413.69. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

5. The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $414.56 to $414.89. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

6. The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $411.86 to $411.92. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

7. The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $415.41 to $416.21. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

8. The price reported reflects the weighted average price of shares sold in multiple transactions at prices ranging from $416.48 to $417.25. The reporting person hereby undertakes to provide to the SEC staff, the issuer, or a security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within this range.

9. The shares are directly held by a family-owned company, controlled by the reporting person.

10. The reporting person was awarded 13,996 employee stock options on March 1, 2014, which had fully vested.

Remarks:

	/s/ Craig R. Brown, Assistant Corporate Secretary, attorney-in-fact for Ajay Bhalla pursuant to a power of attorney dated April 23, 2019.	09/18/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.