Instacart Executive's Planned Stock Sale Shows Continued Confidence Despite Share Disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Maplebear (CART) Chief Product Officer Daniel Danker reported a significant insider transaction on June 18, 2025. The executive sold 10,035 shares at a weighted average price of $43.44 per share, with individual transaction prices ranging from $43.12 to $43.95.
The sale was executed through a pre-planned Rule 10b5-1 trading plan established on February 28, 2025, which provides a safe harbor from insider trading allegations. Following the transaction, Danker maintains direct ownership of 480,227 shares of Maplebear common stock.
This transaction was reported via Form 4 filing and executed in compliance with SEC regulations. The sale was processed through an attorney-in-fact, Bradley Libuit, who signed the filing on June 20, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,035 shares ($435,936)
Net Sell
1 txn
Insider
Danker Daniel
Role
Chief Product Officer
Sold
10,035 shs ($436K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,035 | $43.4416 | $436K |
Holdings After Transaction:
Common Stock — 480,227 shares (Direct)
Footnotes (1)
- 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 February 28, 2025. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.12 to $43.95 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.
FAQ
Was CART insider Daniel Danker's stock sale part of a pre-planned trading arrangement?
Yes, the sales were executed pursuant to a Rule 10b5-1 trading plan that was adopted on February 28, 2025, which is designed to satisfy the affirmative defense conditions of Rule 10b5-1(c).