Maplebear legal chief exercises options, sells shares
The exercise and sales were made under a Rule 10b5-1 trading plan adopted December 10, 2025.
Sentiment and the balance of points
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Rhea-AI Filing Summary
On October 22, 2026, Maplebear Inc. Chief Legal Officer Morgan Fong exercised stock options covering 18,390 shares at an exercise price of $7.32 per share. Fong sold 15,382 shares at a weighted average price of $50.9265 and another 3,008 shares at a weighted average price of $51.3906. The exercise and sales were effected pursuant to a Rule 10b5-1 trading plan adopted December 10, 2025. The option position showed 36,780 shares subject to options after the exercise.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F1, F4 | 18,390 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 18,390 | $7.32 | $135K |
| Sale | Common Stock F1, F2 | 15,382 | $50.9265 | $783K |
| Sale | Common Stock F1, F3 | 3,008 | $51.3906 | $155K |
Footnotes (4)
- F1. The reported stock option exercise and sales were effected pursuant to a Rule 10b5-1 trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), adopted on December 10, 2025.
- F2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.33 to $51.32 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.35 to $51.46 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4. The stock option is fully vested and exercisable.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
weighted average price financial
fully vested and exercisable financial
FAQ
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Were Morgan Fong's CART option exercise and stock sales made under a 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.