Maplebear CLO sells 14,033 shares under 10b5-1
Maplebear Inc.’s Chief Legal Officer Morgan Fong reported recent activity in company common stock.
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Form Type
4
Rhea-AI Filing Summary
Maplebear Inc.’s Chief Legal Officer Morgan Fong reported recent activity in company common stock. On May 18, 2026, Fong executed open‑market sales totaling 14,033 shares at weighted average prices around $39.88 and $40.39, completed under a pre‑arranged Rule 10b5‑1 trading plan adopted on December 10, 2025. On May 15, 2026, 15,898 shares were withheld to satisfy tax obligations upon the vesting of restricted stock units, which is not an open‑market sale. After these transactions, Fong directly holds 544,078 shares of Maplebear common stock.
Insider Trade Summary 10b5-1
Net Seller: 14,033 shares
Net Sell
3 txns
Insider
Fong Morgan
Role
Chief Legal Officer
Sold
14,033 shs ($560K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,575 | $39.8824 | $502K |
| Sale | Common Stock | 1,458 | $40.3941 | $59K |
| Exercise Price or Tax Liability | Common Stock | 15,898 | $38.47 | $612K |
Holdings After Transaction:
Common Stock — 544,078 shares (Direct)
Footnotes (4)
- F1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
- F2. The reported 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.
- F3. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.34 to $40.3150 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 reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.34 to $40.47 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.
Key Figures
Open-market sale 1: 12,575 shares at $39.8824
Open-market sale 2: 1,458 shares at $40.3941
Total shares sold: 14,033 shares
+3 more
6 metrics
Open-market sale 1
12,575 shares at $39.8824
Common Stock sale on May 18, 2026
Open-market sale 2
1,458 shares at $40.3941
Common Stock sale on May 18, 2026
Total shares sold
14,033 shares
Net open-market sales reported in Form 4
Tax withholding shares
15,898 shares at $38.47
Withheld for RSU tax obligations on May 15, 2026
Post-transaction holdings
544,078 shares
Direct ownership after reported transactions
Net buy/sell direction
14,033 net shares sold
transactionSummary netBuySellShares
Key Terms
Rule 10b5-1 trading plan, restricted stock units, weighted average price, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The reported sales were effected pursuant to a Rule 10b5-1 trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)"
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.
restricted stock units financial
"Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.34 to $40.3150 per share"
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.
open-market sale financial
"transaction_action: open-market sale; transaction_code_description: Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition; Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Morgan Fong’s latest Form 4 for Maplebear (CART) show?
The Form 4 shows Chief Legal Officer Morgan Fong sold 14,033 Maplebear common shares and had 15,898 shares withheld for taxes. All sales occurred under a pre‑arranged Rule 10b5‑1 trading plan, and Fong now directly holds 544,078 shares.
What is the significance of the weighted average prices in Morgan Fong’s Maplebear trades?
The filing reports weighted average prices because each sale was split across multiple trades. For example, one batch occurred between $39.34 and $40.3150 per share. Weighted averages summarize these executions while detailed breakdowns are available on request to the issuer or regulators.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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