STOCK TITAN

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.

(Neutral)
(Neutral)
Form Type
4

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

  • None.

Negative

  • None.
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)
  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 $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.
  3. 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.
  4. F4. The stock option is fully vested and exercisable.
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
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 shares did Fong Morgan sell, and at what prices?

Fong Morgan sold 17,617 common shares at a weighted average price of $44.9546 per share and 773 common shares at a weighted average price of $45.6417 per share on September 22, 2026. The first sale prices ranged from $44.61 to $45.60 per share, inclusive; the second ranged from $45.61 to $45.7550 per share, inclusive.

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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
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)
09/22/2026
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 Stock09/22/2026M(1)18,390A$7.32548,301D
Common Stock09/22/2026S(1)17,617D$44.9546(2)530,684D
Common Stock09/22/2026S(1)773D$45.6417(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)$7.3209/22/2026M(1)18,390 (4)05/16/2027Common Stock18,390$055,170D
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 $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.
3. 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.
4. The stock option is fully vested and exercisable.
Remarks:
/s/ Bradley Libuit, Attorney-in-Fact09/24/2026
** 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)

Keep reading