Morgan Fong

CART CLO Morgan Fong sells 18,390 shares at $44.34 (scheduled 10b5-1 plan); retains 544,078 shares + 91,950 option rights

Morgan Fong, Chief Legal Officer, executed a scheduled sale of 18,390 shares for $815,397.89 under a pre-arranged 10b5-1 trading plan adopted 2025-12-10, reducing his non-derivative holdings from 562,468 to 544,078 shares while maintaining 91,950 stock option rights. The sale occurred at $44.34; the current price of $42.21 represents a -21.1% decline from the 52-week high of $53.50, and the stock has declined -9.4% over the past 30 days. Across his prior five trades at CART, Fong's sales have shown mixed short-term outcomes: two May 2026 sales posted 30-day returns of +7.4% and +6.0%, while three March 2026 sales ranged from +4.4% to +6.5% over 30 days. Given that this sale is governed by a pre-arranged schedule rather than discretionary timing, the transaction reflects portfolio liquidity management within a scheduled framework.

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 sells 40,247 shares for $1,631,058.87 under pre-arranged 10b5-1 plan

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%. This activity is part of a 10b5-1 trading plan adopted on 2023-11-21, meaning the sales were scheduled in advance rather than discretionary. As General Counsel & Secretary, Morgan retains 298,984 shares post-transaction. The pre-arranged nature of this filing removes any inference about market timing or conviction shifts—such plans are executed mechanically according to pre-set parameters regardless of contemporaneous market conditions.