Maplebear counsel covers RSU taxes with 12,909 shares
Maplebear Inc.'s General Counsel and Secretary, Morgan Fong, reported a routine tax-related share disposition.
Rhea-AI Filing Summary
Maplebear Inc.'s General Counsel and Secretary, Morgan Fong, reported a routine tax-related share disposition. On the reported date, 12,909 shares of common stock were withheld at $36.30 per share to cover tax obligations triggered by the vesting of restricted stock units. This was not an open-market sale but an administrative tax-withholding transaction. After this event, Fong’s directly held stake remained substantial at 402,386 shares of Maplebear common stock.
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Insider Trade Summary
Exercise Price or Tax Liability: 12,909 shares
Exercise Price or Tax Liability
1 txn
Insider
Fong Morgan
Role
GENERAL COUNSEL & SECRETARY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 12,909 | $36.30 | $469K |
Holdings After Transaction:
Common Stock — 402,386 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
FAQ
What insider transaction did Maplebear (CART) report for Morgan Fong?
Maplebear reported that General Counsel Morgan Fong had 12,909 common shares withheld to satisfy tax obligations from restricted stock unit vesting. This was a tax-withholding disposition, not an open-market sale, and reflects standard equity compensation administration.
Was the Maplebear (CART) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover tax obligations when restricted stock units vested, as explained in the filing’s footnote disclosure.
What does transaction code F mean in Maplebear (CART) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering or withholding securities. In this case, it reflects shares withheld by Maplebear to cover tax obligations tied to restricted stock unit vesting for Morgan Fong.
Is the Maplebear (CART) insider transaction considered a sell or buy?
The transaction is categorized as a disposition for tax withholding, not a traditional buy or sell. Shares were withheld by the company to satisfy tax obligations triggered by restricted stock unit vesting rather than sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.