Fong Morgan

CLO Fong Morgan sells 14,033 shares for $560,415.78 under pre-arranged 10b5-1 plan; holds 544,078 shares post-transaction.

Fong Morgan, Chief Legal Officer, executed 2 separate sales totaling 14,033 shares for $560,415.78 on 2026-05-18 under a 10b5-1 trading plan adopted on 2025-12-10, meaning the transaction was scheduled and non-discretionary. The sales reduced his holdings by 2.5% from 558,111 to 544,078 shares. At the blended average price of $39.94, the transaction executed below the current price of $40.98. His prior 5 trades at CART have shown mixed absolute returns: four March 2026 sales posted 30-day gains ranging from 4.4% to 6.5%, while a November 2024 sale posted a 30-day loss of 8.0%. Since this sale is part of a scheduled 10b5-1 plan rather than discretionary action, it carries no signal about the insider's contemporaneous view of valuation or near-term prospects.

Maplebear General Counsel Fong Morgan sold 126,083 shares for $4,676,953.66 on 2026-03-11

Fong Morgan, General Counsel & Secretary at Maplebear Inc. (CART), executed four separate sales totaling 126,083 shares for $4,676,953.66 on March 11, 2026, reducing holdings by 24.6% from 512,726 to 386,643 shares. The sales occurred at a blended average price of $37.09, below the current price of $38.23 but notably near the midpoint of the 52-week range ($32.93–$51.77); the stock is currently down 26.2% from its 52-week high. At the same-ticker level, Morgan's prior five sales at CART have shown a timing pattern of 0 well-timed outcomes at the 90-day mark, with recent trades producing mixed returns (+1.0%, +1.7%, +4.1%, +7.0%, +0.4%). The cross-ticker track record shows a 37.50% well-timed rate across 8 prior sales, suggesting modest baseline timing skill, though that broader pattern does not necessarily predict performance at this specific ticker. The company's fundamentals remain solid (revenue $939,000,000, net income $144,000,000, +10.8% annual growth, P/E 18.29), so the sale does not appear driven by fundamental deterioration.

Maplebear General Counsel Fong Morgan sold 29,253 shares at $48.03 (stock now -1.9% from 52-week high)

Fong Morgan (General Counsel & Secretary) sold 29,253 shares of CART at $48.03 on 2024-11-07, a modest 10.2% reduction from his pre-transaction holdings of 287,659 shares. At the sale price, the stock was within 1.9% of its 52-week high ($48.66), near the peak of a strong rally that added 49.6% over 90 days and 8.5% over 30 days. His same-ticker trade history at CART shows a mixed record: three consecutive September 2024 sales in an uptrend (all followed by positive 30-day returns), offset by earlier sales on 2024-04-22 and 2024-03-21 that were followed by losses at the 90-day horizon. Maplebear's fundamentals present a contrasting picture—revenue of $823,000,000 with 19.2% year-over-year growth and a $12.4B market cap—yet the company was unprofitable over its most recent full fiscal year, suggesting gains have outpaced profitability. The timing of a partial sale near a 52-week high during a sustained rally is notable, though the transaction size and his retained 258.4K share position indicate limited conviction shift.

CART General Counsel Fong Morgan sold 40,247 shares for $1.6M across three days; stock at 52-week high, up 25.5% in 30 days.

Fong Morgan executed three separate sales totaling 40,247 shares for $1,631,058.87 between September 18–20, 2024, reducing his holdings by 11.9% from 339,231 shares to 298,984 shares. The sales occurred at prices ranging from $40.00 to $41.38 (blended average $40.53), while the current price stands at $42.14—at the 52-week high with the stock up 25.5% over 30 days and 33.7% over 90 days. At Maplebear (CART) specifically, Morgan's prior four sales show mixed timing: three of four achieved negative 90-day returns (well-timed), though his most recent sell on April 22, 2024 saw a +30d decline followed by a modest +0.4% recovery at 90 days. The company reported $823.0M in latest quarterly revenue with $61.0M net income, though full-year results were negative; the $11.0B market cap reflects strong recent momentum. The sale's execution during a sustained rally near 52-week highs, combined with the General Counsel's sizable position reduction, warrants investor attention given the timing relative to recent appreciation.