Maplebear Inc. (CART) CLO exercises options, sells 18,390 shares
Rhea-AI Filing Summary
Maplebear Inc. Chief Legal Officer Morgan Fong exercised 18,390 stock options for common stock on July 22, 2026 at an exercise price of $7.32 per share. The option was fully vested, expires on May 16, 2027, and 91,950 options remain outstanding.
On the same date, Fong sold 18,390 common shares at a weighted average price of $44.3392 per share, with individual sale prices between $43.90 and $44.73. These option exercises and sales were effected under a Rule 10b5-1 trading plan adopted on December 10, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 18,390 shares ($681K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Fong Morgan
Role
Chief Legal Officer
Sold
18,390 shs ($815K)
Approx. gross sale proceeds
$815K
Approx. exercise cost
$135K
Approx. pre-tax spread
$681K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F1, F3 | 18,390 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 18,390 | $7.32 | $135K |
| Sale | Common Stock F1, F2 | 18,390 | $44.3392 | $815K |
Holdings After Transaction:
Stock Option (Right to Buy) — 91,950 shares (Direct);
Common Stock — 544,078 shares (Direct)
Footnotes (3)
- 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 $43.90 to $44.73 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 stock option is fully vested and exercisable.
Key Figures
Options exercised: 18,390 shares
Exercise price: $7.32 per share
Shares sold: 18,390 shares
+4 more
7 metrics
Options exercised
18,390 shares
Stock options for common stock exercised on July 22, 2026
Exercise price
$7.32 per share
Exercise price of stock options converted into common stock
Shares sold
18,390 shares
Common stock sold on July 22, 2026
Weighted average sale price
$44.3392 per share
Weighted average price for sales between $43.90 and $44.73
Remaining stock options
91,950 shares
Stock options remaining following the reported exercise
Option expiration date
May 16, 2027
Expiration date of the exercised stock option grant
10b5-1 plan adoption date
December 10, 2025
Adoption date of the Rule 10b5-1 trading plan governing these trades
Key Terms
Rule 10b5-1 trading plan, weighted average price, affirmative defense conditions, Stock Option (Right to Buy)
4 terms
Rule 10b5-1 trading plan regulatory
"effected pursuant to a Rule 10b5-1 trading plan intended to satisfy"
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"
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.
affirmative defense conditions regulatory
"intended to satisfy the affirmative defense conditions of Rule 10b5-1(c)"
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Maplebear (CART) report for Morgan Fong on July 22, 2026?
Maplebear (CART) reported that Chief Legal Officer Morgan Fong exercised 18,390 stock options at $7.32 per share and sold 18,390 common shares at a weighted average price of $44.3392 per share on July 22, 2026.
What stock options did Morgan Fong exercise in the Maplebear (CART) Form 4 filing?
Fong exercised 18,390 stock options for Maplebear (CART) common stock at an exercise price of $7.32 per share. The filing states the option was fully vested, expires on May 16, 2027, and that 91,950 options remain outstanding after the exercise.
Were Morgan Fong’s Maplebear (CART) trades made under a Rule 10b5-1 trading plan?
Yes. The Form 4 notes that the option exercise and share sales were effected under a Rule 10b5-1 trading plan intended to satisfy Rule 10b5-1(c) affirmative defense conditions, which was adopted on December 10, 2025.
How many Maplebear (CART) stock options does Morgan Fong hold after the reported transactions?
After exercising options for 18,390 shares, Fong holds 91,950 stock options related to this grant. This figure reflects the total stock options reported as remaining following the derivative transaction described in the Form 4 filing.
What role does Morgan Fong hold at Maplebear (CART) in connection with this Form 4 filing?
The reporting person, Morgan Fong, serves as Chief Legal Officer of Maplebear (CART). The Form 4 reports her transactions in company securities, including the exercise of stock options and the sale of common shares on July 22, 2026.