[144] Maplebear Inc. SEC Filing

Rhea-AI Filing Summary

Maplebear Inc. (NASDAQ: CART) – Form 144 filing dated 06/20/2025 discloses a proposed insider sale of the company’s Class A common stock under Rule 144.

• Seller & size: The notice covers 4,680 shares with an aggregate market value of $205,436 (based on the filing’s reference price). This represents only 0.0018 % of the 260,734,689 shares outstanding.
• Broker & venue: The transaction is expected to be executed through Charles Schwab & Co. on the NASDAQ market, on or about 20 June 2025.
• Acquisition background: The shares stem from a Restricted Stock Lapse on 15 May 2025 granted as equity compensation by Maplebear Inc. to the filer.
• Prior activity: Over the past three months the same seller, Morgan Fong (address listed in San Francisco), disposed of a cumulative 15,175 shares in three separate transactions, realising $641,353 in gross proceeds.

The filing contains the standard representation that the seller is not in possession of undisclosed material adverse information and does not indicate reliance on a Rule 10b5-1 trading plan (no adoption date provided).

Investor takeaway: The proposed sale is modest relative to the company’s float and follows earlier, similarly small dispositions. While insider selling can occasionally signal caution, the scale here is immaterial and appears linked to routine equity-compensation vesting.

Positive

• None.

Negative

• Insider selling: A company insider plans to dispose of shares, which can be perceived negatively even though the size is immaterial.

Insights

Equity Research Analyst

TL;DR: Very small Rule 144 sale (0.002 % of shares); signalling impact negligible.

This Form 144 shows an insider intending to sell 4,680 newly-vested shares worth roughly $205k. Including prior activity, the individual sold about 15k shares in three months—still immaterial next to CART’s 260.7 m shares outstanding and daily volume. The filing offers no insight on fundamentals, guidance, or operating trends, so it should not meaningfully alter valuation assumptions. The sale pattern aligns with routine liquidity from equity compensation rather than strategic divestment.

Corporate Governance Specialist

TL;DR: Routine compensation-related sale; governance risk minimal.

The filer certifies absence of undisclosed negative information and does not flag a 10b5-1 plan. Absence of a pre-planned trading program leaves marginal room for optics risk, yet the token size limits concern. No red flags around aggregation limits, and prior sales remain below Rule 144 volume constraints. Overall governance impact is neutral.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Charles Schwab & Co., Inc. 3000 Schwab Way, Westlake TX 76262	4680	205436.00	260734689	06/20/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/15/2025	Restricted Stock Lapse	Maplebear, Inc.			4680	05/15/2025	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
MORGAN FONG 50 BEALE STREET, SUITE 600 SAN FRANCISCO CA 94105	Maplebear Inc.	03/20/2025	5249	207438.00
MORGAN FONG 50 BEALE STREET, SUITE 600 SAN FRANCISCO CO 94105	Maplebear Inc.	04/21/2025	5249	223450.00
MORGAN FONG 50 BEALE STREET, SUITE 600 SAN FRANCISCO CA 94105	Maplebear Inc.	05/19/2025	4677	210465.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Maplebear (CART) shares are insiders planning to sell?

The Form 144 covers 4,680 common shares with an estimated value of $205,436.

What percentage of Maplebear’s outstanding shares does this sale represent?

The proposed sale equals roughly 0.0018 % of the 260,734,689 shares outstanding.

When is the anticipated sale date for these CART shares?

The filing lists an approximate sale date of 20 June 2025.

Who is the seller identified in the recent insider Form 144 for CART?

The filing’s past-activity section identifies Morgan Fong as the seller; the current notice is for the same account.

Is the sale linked to equity compensation?

Yes. The shares were acquired via a Restricted Stock Lapse on 15 May 2025 as part of equity compensation.

Does the Form 144 indicate use of a Rule 10b5-1 trading plan?

No date of plan adoption is disclosed, suggesting no 10b5-1 plan was referenced for this sale.