Morgan Fong, Chief Legal Officer of Maplebear Inc., filed a statement of changes in beneficial ownership on August 17, 2026, reporting a disposition of common stock on August 15, 2026.

Key Highlights

  • Reporting person: Morgan Fong, Chief Legal Officer of Maplebear Inc. (NASDAQ:CART)
  • Transaction date: August 15, 2026, with the filing submitted August 17, 2026
  • Shares disposed: 14,167 shares of common stock withheld at a price of $48.88 per share
  • Purpose of disposition: Shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock units
  • Remaining ownership: 529,911 shares of common stock held directly following the transaction

Maplebear Executive Share Withholding Upon RSU Vesting

According to the filing, Morgan Fong, who serves as Chief Legal Officer of Maplebear Inc., the parent company behind the Instacart grocery delivery platform, disposed of 14,167 shares of Maplebear common stock on August 15, 2026. The transaction was recorded under transaction code "F," which the filing's footnote explains represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units, rather than an open-market sale.

The shares were disposed of at a price of $48.88 per share and were held directly by the reporting person. Following the reported transaction, Fong beneficially owned 529,911 shares of Maplebear common stock on a direct basis, according to the filing. The filing was signed by Bradley Libuit as Attorney-in-Fact on August 17, 2026, and was filed by one reporting person. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

The filing disclosed that Maplebear's Chief Legal Officer, Morgan Fong, had 14,167 shares of common stock withheld at $48.88 per share on August 15, 2026, to cover tax obligations tied to restricted stock unit vesting, leaving a direct beneficial ownership of 529,911 shares.