Maplebear legal chief sells 18,390 shares in plan
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.
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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.
Insider Trade Summary 10b5-1
Exercise and Sale: 18,390 shares ($784K approx. pre-tax spread)
Exercise and Sale
4 txns
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 contracts (Direct);
Common Stock — 529,911 shares (Direct)
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 $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.
- 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.
- F4. The stock option is fully vested and exercisable.
Key Figures
Options exercised: 18,390 shares
Option exercise price: $7.32 per share
Common shares sold (tranche 1): 14,091 shares at $49.8056
+5 more
8 metrics
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
Key Terms
Rule 10b5-1 trading plan, weighted average price, Stock Option (Right to Buy), fully vested and exercisable
4 terms
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
