CART Form 4: 13,841 shares withheld for taxes; 3,544 sold under 10b5-1 plan

Rhea-AI Filing Summary

Maplebear Inc. (CART) insider transactions: The company's General Counsel and Secretary reported two transactions affecting common stock holdings. On 08/15/2025 a withholding of 13,841 shares occurred to satisfy tax obligations upon RSU vesting at an indicated per-share value of $43.875, reducing beneficial ownership. On 08/19/2025 a sale of 3,544 shares was executed under a Rule 10b5-1 trading plan at $45.65 per share. After these actions the reporting person beneficially owned 434,615 shares directly. The filing notes the 10b5-1 plan was adopted on November 26, 2024.

Positive

• Use of Rule 10b5-1 plan demonstrates pre-planned, compliant insider trading procedures
• Tax withholding on RSU vesting indicates automated compensation settlement rather than opportunistic sales

Negative

• Insider sold 3,544 shares, reducing direct beneficial ownership to 434,615 shares
• Beneficial ownership decreased from 438,159 to 434,615 shares following the reported transactions

Insights

Securities Analyst

TL;DR: Routine insider tax withholding and a planned sale under a 10b5-1 plan reduced direct holdings modestly, no new compensation or grants reported.

The transactions consist of tax-withheld shares from vested RSUs and a programmed sale under an existing Rule 10b5-1 plan. The withholding (13,841 shares) and sale (3,544 shares) lowered direct beneficial ownership to 434,615 shares. The sale was executed pursuant to an established plan adopted on November 26, 2024, which provides an affirmative defense under Rule 10b5-1(c). The sizes of the transactions are small relative to the total outstanding share count and appear operational rather than event-driven.

Corporate Governance Expert

TL;DR: Transactions follow standard governance and compliance practices, including tax withholding and a Rule 10b5-1 trading plan.

The filing documents standard compliance actions: shares withheld to meet tax obligations on RSU vesting and a sale executed under a pre-established 10b5-1 plan. Both items are consistent with routine insider equity administration and demonstrate use of an affirmative defense trading plan. No new grants, option exercises, or material changes to ownership structure are disclosed.

SEC Form 4

FORM 4

UNITED 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 CA 94105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Maplebear Inc. [ CART ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GENERAL COUNSEL & SECRETARY

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/15/2025		F		13,841(1)	D	$43.875	438,159	D
Common Stock	08/19/2025		S(2)		3,544	D	$45.65	434,615	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.

2. 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 November 26, 2024.

	/s/ Bradley Libuit, Attorney-in-Fact	08/19/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transactions did the Maplebear Inc. (CART) insider report?

The General Counsel reported 13,841 shares withheld for tax on RSU vesting and a sale of 3,544 shares under a Rule 10b5-1 plan.

How many shares does the reporting person own after these transactions?

Following the transactions the reporting person beneficially owned 434,615 shares directly.

At what prices were the transactions executed?

The tax-withheld shares are associated with a value of $43.875 per share and the 10b5-1 sale executed at $45.65 per share.

Was the sale part of a pre-established trading plan?

Yes, the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on November 26, 2024.

Do these filings show any new equity grants or option exercises?

No. The filing reports tax-withholding on vested RSUs and a sale; it does not disclose new grants or option exercises.