Maplebear (CART) CEO Chris Rogers awarded 376,405 RSUs, holdings top 1.0M shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Rogers Chris reported acquisition or exercise transactions in this Form 4 filing.
Maplebear Inc. President and CEO Chris Rogers received an award of 376,405 shares of Common Stock in the form of restricted stock units. These RSUs were granted at $0.00 per share as equity compensation, not a market purchase.
After this award, Rogers directly holds 1,026,339 shares of Maplebear Inc. common stock. According to the terms, 20% of the RSUs vest on each quarterly anniversary of November 15, 2027, contingent on his continued service through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rogers Chris
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 376,405 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,026,339 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 376,405 shares
Grant price: $0.00 per share
Shares held after grant: 1,026,339 shares
+2 more
5 metrics
RSU grant size
376,405 shares
Restricted stock units of Common Stock granted to CEO
Grant price
$0.00 per share
Price per share for RSU award
Shares held after grant
1,026,339 shares
Direct holdings of Chris Rogers following transaction
Vesting portion
20% per quarter
RSUs vest on each quarterly anniversary of November 15, 2027
Transaction code
A
Grant, award, or other acquisition
Key Terms
restricted stock units (RSUs), vest, quarterly anniversary, continued service, +1 more
5 terms
restricted stock units (RSUs) financial
"The shares represent restricted stock units (RSUs)."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
vest financial
"Twenty percent (20%) of the RSUs vest on each quarterly anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
quarterly anniversary financial
"vest on each quarterly anniversary of November 15, 2027"
A quarterly anniversary marks the date that occurs every three months after a specific event, such as an investment or a business milestone. It is similar to a birthday that repeats four times a year, helping investors track the timing of important updates or changes. Recognizing these anniversaries allows investors to stay informed about progress and make timely decisions.
continued service financial
"subject to continued service through each vesting date"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Maplebear (CART) CEO Chris Rogers report in this Form 4?
Chris Rogers reported receiving an equity award of 376,405 restricted stock units of Maplebear common stock. These are compensation-related shares granted at $0.00 per share, increasing his direct holdings to 1,026,339 shares after the transaction.
What are the vesting terms of Chris Rogers’ RSUs at Maplebear (CART)?
The awarded RSUs vest over time: 20% of the units vest on each quarterly anniversary of November 15, 2027. Vesting is subject to Rogers’ continued service with Maplebear through each future vesting date, according to the disclosure.
Is the Chris Rogers Form 4 for Maplebear (CART) a sale or a purchase?
The Form 4 reports an acquisition via equity grant, coded as a grant or award transaction. It is not a market sale or open-market purchase; instead, it reflects compensation in the form of restricted stock units that vest over time.
What triggers vesting of the Maplebear (CART) RSUs granted to Chris Rogers?
Vesting of the RSUs depends on continued service. Twenty percent of the units vest on each quarterly anniversary of November 15, 2027, so Rogers must remain in service through each vesting date for those portions to settle in shares.