Maplebear (NYSE: CART) legal chief holds 529,911 shares after tax withholding
Rhea-AI Filing Summary
Maplebear Inc. insider Morgan Fong, Chief Legal Officer, reported a code F transaction involving 14,167 shares of common stock on 2026-08-15. These shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock units, not sold in an open-market trade, at a reference value of $48.88 per share. After this tax-withholding disposition, Fong directly holds 529,911 shares of Maplebear Inc. common stock.
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Insights
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Insider Trade Summary
Net Seller: 14,167 shares
Net Sell
1 txn
Insider
Fong Morgan
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 14,167 | $48.88 | $692K |
Holdings After Transaction:
Common Stock — 529,911 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
Key Figures
Shares withheld for taxes: 14,167 shares
Reference price per share: $48.88 per share
Shares owned after transaction: 529,911 shares
+2 more
5 metrics
Shares withheld for taxes
14,167 shares
Shares withheld to satisfy tax withholding obligations upon RSU vesting on 2026-08-15
Reference price per share
$48.88 per share
Transaction price for the 14,167 withheld shares
Shares owned after transaction
529,911 shares
Direct ownership of Maplebear Inc. common stock following the tax-withholding disposition
Transaction code F shares
14,167 shares
Shares reported under code F for payment of tax liability by delivering or withholding securities
ExercisePriceOrTaxLiabilityShares
14,167 shares
Aggregate shares associated with payment of exercise price or tax liability in the filing summary
Key Terms
restricted stock units, tax withholding obligations, code F transaction
3 terms
restricted stock units financial
"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.
tax withholding obligations financial
"shares withheld to satisfy tax withholding obligations upon the vesting"
code F transaction financial
"reported a code F transaction involving 14,167 shares"
FAQ
What insider transaction did CART executive Morgan Fong report on this Form 4?
Morgan Fong reported a code F disposition of 14,167 shares of Maplebear Inc. common stock. The shares were withheld to cover tax obligations triggered by the vesting of restricted stock units, rather than being sold on the open market.
Was Morgan Fong’s CART Form 4 transaction executed under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed for this filing. The transaction is described instead as shares withheld for tax withholding obligations related to RSU vesting, not as part of a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.