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Maplebear (NYSE: CART) legal chief exercises options, sells stock in preset plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Maplebear Inc. (CART) reported that Chief Legal Officer Morgan Fong exercised stock options and sold shares of common stock on August 24, 2026 under a Rule 10b5-1 trading plan adopted on December 10, 2025. Fong exercised 18,390 stock options at an exercise price of $7.32 per share, receiving 18,390 shares of common stock.

On the same date, Fong sold 18,390 common shares in open-market transactions in two tranches: 14,091 shares at a weighted average price of $49.8056 and 4,299 shares at a weighted average price of $50.4748. Following the option exercise, Fong held 73,560 stock options that remain exercisable until their stated expiration on May 16, 2027.

Positive

  • None.

Negative

  • None.
Insider Fong Morgan
Role Chief Legal Officer
Sold 18,390 shs ($919K)
Approx. gross sale proceeds $919K
Approx. exercise cost $135K
Approx. pre-tax spread $784K
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 14,091 $49.8056 $702K
Sale Common Stock F1, F3 4,299 $50.4748 $217K
Holdings After Transaction: Stock Option (Right to Buy) — 73,560 shares (Direct); Common Stock — 529,911 shares (Direct)
Footnotes (4)
  1. 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.
  2. F2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.22 to $50.18 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.
  3. F3. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.25 to $50.63 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.
  4. F4. The stock option is fully vested and exercisable.
Options exercised 18,390 shares Stock options exercised by Morgan Fong on August 24, 2026
Option exercise price $7.32 per share Exercise price of stock options converted into common stock
Common shares sold (tranche 1) 14,091 shares at $49.8056 Weighted average sale price for first sale tranche on August 24, 2026
Common shares sold (tranche 2) 4,299 shares at $50.4748 Weighted average sale price for second sale tranche on August 24, 2026
Total common shares sold 18,390 shares Total CART common shares sold by Morgan Fong on August 24, 2026
Remaining stock options 73,560 options Stock options held by Morgan Fong following the reported exercise
Option expiration date May 16, 2027 Expiration date of the stock option reported as fully vested and exercisable
Rule 10b5-1 plan adoption date December 10, 2025 Date Fong’s Rule 10b5-1 trading plan was adopted
Rule 10b5-1 trading plan regulatory
"The reported stock option exercise and sales were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The reported price is a weighted average price. These shares were sold in multiple"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
fully vested and exercisable financial
"The stock option is fully vested and exercisable."

FAQ

What did CART insider Morgan Fong report in this Form 4?
Morgan Fong, Chief Legal Officer of Maplebear Inc. (CART), reported exercising 18,390 stock options at $7.32 per share and selling 18,390 common shares in open-market transactions on August 24, 2026, all under a pre-arranged Rule 10b5-1 trading plan.

How many Maplebear (CART) options did Morgan Fong exercise and at what price?
Morgan Fong exercised 18,390 stock options for Maplebear Inc. (CART) at an exercise price of $7.32 per share, receiving the same number of common shares on August 24, 2026. The option was fully vested and exercisable at the time of exercise.

How many CART shares did Morgan Fong sell and at what prices?
On August 24, 2026, Morgan Fong sold a total of 18,390 CART common shares in two weighted-average price tranches: 14,091 shares at $49.8056 and 4,299 shares at $50.4748, in multiple open-market transactions within the price ranges disclosed.

Were Morgan Fong’s CART transactions done under a Rule 10b5-1 plan?
Yes. The option exercise and related stock sales were effected under a Rule 10b5-1 trading plan that was adopted on December 10, 2025, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

How many Maplebear (CART) stock options does Morgan Fong retain after these transactions?
After the reported exercise, Morgan Fong holds 73,560 stock options for Maplebear Inc. (CART). These options are reported as fully vested and exercisable and have an expiration date of May 16, 2027.

What is notable about the pricing of Morgan Fong’s CART share sales?
The sales were reported at weighted average prices. For 14,091 shares, trades occurred between $49.22 and $50.18 per share; for 4,299 shares, trades occurred between $50.25 and $50.63 per share. Exact breakdowns are available upon request to the company or SEC staff.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Fong Morgan
(Last)(First)(Middle)
C/O MAPLEBEAR INC.
50 BEALE STREET, SUITE 600
(Street)
SAN FRANCISCO CALIFORNIA 94105
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Maplebear Inc. [ CART ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock08/24/2026M(1)18,390A$7.32548,301D
Common Stock08/24/2026S(1)14,091D$49.8056(2)534,210D
Common Stock08/24/2026S(1)4,299D$50.4748(3)529,911D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$7.3208/24/2026M(1)18,390 (4)05/16/2027Common Stock18,390$073,560D
Explanation of Responses:
1. 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.
2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.22 to $50.18 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.
3. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.25 to $50.63 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.
4. The stock option is fully vested and exercisable.
Remarks:
/s/ Bradley Libuit, Attorney-in-Fact08/26/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR