Maplebear legal chief sells 18,390 shares
Morgan's option exercise and sales were effected pursuant to a Rule 10b5-1 plan adopted December 10, 2025.
Rhea-AI Filing Summary
Maplebear Inc. (CART) Chief Legal Officer Fong Morgan exercised stock options covering 18,390 common shares on September 22, 2026, at an exercise price of $7.32 per share. Morgan then sold 17,617 shares at a weighted average price of $44.9546 per share and 773 shares at a weighted average price of $45.6417 per share. The exercise and sales were effected pursuant to a Rule 10b5-1 trading plan adopted December 10, 2025. The reported option position was 55,170 shares following the exercise.
Positive
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Negative
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Insider Trade Summary 10b5-1
Exercise and Sale: 18,390 shares ($693K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
Fong Morgan
Role
Chief Legal Officer
Sold
18,390 shs ($827K)
Approx. gross sale proceeds
$827K
Approx. exercise cost
$135K
Approx. pre-tax spread
$693K
| 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 | 17,617 | $44.9546 | $792K |
| Sale | Common Stock F1, F3 | 773 | $45.6417 | $35K |
Holdings After Transaction:
Stock Option (Right to Buy) — 55,170 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 $44.61 to $45.60 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 $45.61 to $45.7550 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 underlying common shares
Exercise price: $7.32 per share
Shares sold; weighted average price: 17,617 shares; $44.9546 per share
+2 more
5 metrics
Options exercised
18,390 underlying common shares
September 22, 2026
Exercise price
$7.32 per share
Options exercised on September 22, 2026
Shares sold; weighted average price
17,617 shares; $44.9546 per share
September 22, 2026
Shares sold; weighted average price
773 shares; $45.6417 per share
September 22, 2026
Reported option position after exercise
55,170 shares
Following the September 22, 2026 exercise
Key Terms
Rule 10b5-1 trading plan, weighted average price, Stock Option (Right to Buy)
3 terms
Rule 10b5-1 trading plan regulatory
"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"
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
"Stock Option (Right to Buy)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many CART stock options did Fong Morgan exercise, and at what price?
Fong Morgan exercised stock options covering 18,390 common shares at an exercise price of $7.32 per share on September 22, 2026. The reported option position was 55,170 shares following the exercise.
AI-generated analysis. How Rhea-AI works. Not financial advice.