Maplebear (CART) legal chief granted 187,366 RSUs, holds 574k shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fong Morgan reported acquisition or exercise transactions in this Form 4 filing.
Maplebear Inc. reported that Chief Legal Officer Morgan Fong received a grant of 187,366 shares of Common Stock in the form of restricted stock units. This award is compensation, not an open-market trade, and increased Fong’s direct holdings to 574,009 shares.
The RSUs vest in stages, with 20% of the units vesting on each quarterly anniversary of November 15, 2027, as long as Fong continues to provide service through each vesting date. This structure spreads the benefit of the grant over multiple future dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fong Morgan
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 187,366 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 574,009 shares (Direct)
Footnotes (1)
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Key Figures
RSU grant size: 187,366 shares
Post-transaction holdings: 574,009 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSU grant size
187,366 shares
Restricted stock units awarded to Chief Legal Officer
Post-transaction holdings
574,009 shares
Total Common Stock directly held after grant
Grant price per share
$0.00 per share
Equity compensation, not open-market purchase
Vesting tranche percentage
20% per tranche
Each quarterly anniversary of November 15, 2027
Key Terms
restricted stock units (RSUs), vesting, quarterly anniversary, continued service
4 terms
restricted stock units (RSUs) financial
"The shares represent restricted stock units (RSUs)."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
vesting financial
"Twenty percent (20%) of the RSUs vest on each quarterly anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
quarterly anniversary financial
"on each quarterly anniversary of November 15, 2027"
A quarterly anniversary marks the date that occurs every three months after a specific event, such as an investment or a business milestone. It is similar to a birthday that repeats four times a year, helping investors track the timing of important updates or changes. Recognizing these anniversaries allows investors to stay informed about progress and make timely decisions.
continued service financial
"subject to continued service through each vesting date"
FAQ
What insider transaction did Maplebear (CART) disclose for Morgan Fong?
Maplebear reported that Chief Legal Officer Morgan Fong received 187,366 restricted stock units of Common Stock as a compensation grant. The award carries no cash exercise price and increased Fong’s direct holdings to 574,009 shares after the reported transaction.
How do the granted RSUs for Maplebear (CART) Chief Legal Officer vest?
The RSUs vest in 20% installments on each quarterly anniversary of November 15, 2027. Vesting is conditioned on continued service through each vesting date, meaning portions of the 187,366 units become shares over multiple future quarters.
What does transaction code "A" mean in the Maplebear (CART) Form 4?
In this Form 4, transaction code “A” represents a grant, award, or other acquisition of securities. It reflects that 187,366 restricted stock units were awarded to Morgan Fong as compensation, rather than shares being bought or sold in the open market.