Fong Morgan 4

What Happened Fong Morgan, Chief Legal Officer of Maplebear Inc. (CART), received an award of 187,366 restricted stock units (RSUs) on 2026-04-15. The grant is reported as an acquisition at $0.00 (code A) — i.e., an equity award rather than an open-market purchase or sale. There was no cash paid for the award at grant.

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (timely).
• Shares granted: 187,366 RSUs; reported price per share at grant: $0.00; reported acquisition value: $0.
• Vesting: 20% of the RSUs vest on each quarterly anniversary of November 15, 2027, subject to continued service through each vesting date (footnote).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Transaction code: A (award/grant). No 10b5-1 plan or tax-withholding detail noted in the provided data.

Context This filing reports an equity compensation grant (RSUs), which represents a promise to deliver shares if and when vesting conditions are met. Such awards are common as part of executive compensation and do not represent an immediate market purchase or sale. The vesting schedule delays delivery and potential taxable events until vesting dates.