Maplebear (CART) CLO Fong Morgan Withholds 14,167 Shares for Taxes

What Happened Fong Morgan, Chief Legal Officer of Maplebear Inc. (CART), had 14,167 shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units. The transaction is reported as a disposition of shares at $48.88 per share, for a total value of approximately $692,483. This was a tax-withholding event tied to RSU vesting, not an open-market sale.

Key Details

• Transaction date: 2026-08-15; Price: $48.88 per share; Shares: 14,167; Total value: ~$692,483.
• Transaction code: F (shares withheld to satisfy tax withholding).
• Footnote (F1): "Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units."
• Shares owned after transaction: Not specified in this filing.
• Filing date: 2026-08-17 — filed two days after the reported transaction date; no late filing is indicated.

Context

• This was a tax-withholding disposal (commonly seen when RSUs vest) rather than a deliberate open-market sale; such withholdings are routine and do not necessarily signal insider sentiment about the company's outlook.
• For retail investors, purchases or open-market sales typically carry more informational weight than withholding transactions tied to compensation events.