CART · Maplebear Inc. · Executive Compensation
Market Cap
$11.29B
Shares
231.50M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Chris Rogers | Chief Executive Officer | $29,847,540 |
| Fidji Simo | Former Chief Executive Officer | $22,296,487 |
| Emily Reuter | Chief Financial Officer | $13,667,810 |
| Daniel Danker | Former Chief Product Officer Aggregate grant date fair values are computed in accordance with ASC Topic 718. See Notes 2 and 12 to our consolidated financial statements included in the Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. See the section titled “—Outstanding Equity Awards at 2025 Fiscal Year-End” for additional information. The amount disclosed includes a statutory unused vacation payout of 63,537. Mr. Rogers’ base salary earned in 2025 and statutory unused vacation payout was paid in Canadian dollars and converted to U.S. dollars using an average exchange rate in 2025 of approximately 1 to CAD 1.397716. The amount disclosed represents a discretionary bonus in lieu of amounts that would have otherwise been payable to Mr. Rogers under the CBO Bonus Plan. This bonus was paid in Canadian dollars and converted to U.S. dollars using the exchange rate on September 26, 2025 of approximately 1 to CAD 1.391239, which was the payment date of the bonus. The amount disclosed represents bonuses paid under the CBO Bonus Plan. These bonuses were paid in Canadian dollars and converted to U.S. dollars using the exchange rates on May 9, 2025 and August 15, 2025 of approximately 1 to CAD 1.388124 and 1 to CAD 1.378694, respectively, which were the payment dates of the bonuses. The amount disclosed consists of (a) 24,923 of personal security expenses as part of our executive security program consisting of security risk assessments in connection with his appointment as Chief Executive Officer, calculated at the actual cost to us, (b) 12,094 of deferred profit sharing plan contributions, and (c) company-paid life insurance premiums, which includes dependent life insurance, a benefit offered to Canadian employees. Other than the personal security expenses, these amounts were paid in Canadian dollars and converted to U.S. dollars using an average exchange rate in 2025 of approximately 1 to CAD 1.397716. The amount disclosed consists of (a) 14,000 of 401(k) matching contributions and (b) company-paid life insurance premiums. The amount disclosed represents a sign-on bonus paid to Ms. Reuter in connection with her commencement of employment in January 2024. The amounts disclosed represent the portion of a restricted cash award that was vested and paid in fiscal year 2024. The restricted cash award was granted as a portion of Mr. Fong’s 2023 refresh RSU award and was paid in four equal quarterly installments starting on August 15, 2023, subject to continued service through each applicable vesting date. The amount disclosed represents (a) the remaining portion of a discretionary cash bonus related to fiscal year 2022 and (b) the portion of the restricted cash award described in footnote above that was vested and paid in fiscal year 2023. During 2023, each named executive officer was granted an RSU award subject to a liquidity event-based vesting condition (which constitutes the performance condition) and service-based vesting conditions. As of the applicable grant date, we had not recognized stock-based compensation expense for these awards because achievement of the liquidity event-based vesting condition, as the performance condition, was not deemed probable as of any such date. As a result, no value is included in the table for these awards. The liquidity event-based vesting condition was satisfied on September 18, 2023 upon the effectiveness of the registration statement on Form S-1 filed in connection with our initial public offering, and as a result, we began recognizing stock-based compensation expense upon satisfaction of service-based vesting conditions for these awards following our initial public offering. Assuming achievement of the liquidity event-based vesting condition, the aggregate grant date fair values of the RSU awards for each of Ms. Simo and Mr. Fong were 10,735,546 and 3,766,854, respectively, computed in accordance with ASC Topic 718. See Notes 2 and 12 to our consolidated financial statements included in the Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. As described previously, the unvested portion of all of Ms. Simo’s outstanding RSU awards and 2022 PSU were forfeited upon her resignation as our Chief Executive Officer on August 15, 2025 and with respect to her director RSU award, upon her resignation as a director on November 24, 2025. The amount disclosed includes an RSU award granted to Ms. Simo in connection with her continuing service as a director following her resignation as our Chief Executive Officer pursuant to our Non-employee Director Compensation Policy. The grant date fair value of this RSU award was 175,021. | $13,427,124 |
| Morgan Fong | Chief Legal and Global Affairs Officer | $12,491,464 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Fidji Simo | Chief Executive Officer | $47,755,111 |
| Emily Reuter | Chief Financial Officer | $10,635,909 |
| Morgan Fong | — | $7,437,704 |
| Nick Giovanni | Former Chief Financial Officer | $1,428,319 |
| Asha Sharma | Former Chief Operating Officer Aggregate grant date fair values are computed in accordance with ASC Topic 718. See Notes 2 and 11 to our consolidated financial statements included in the Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. See the section titled “—Outstanding Equity Awards at 2024 Fiscal Year-End” for additional information. The amount disclosed includes the incremental fair value of the November 2024 modification of Ms. Simo’s PSU Award, computed in accordance with ASC Topic 718. See the section titled “—Compensation Discussion and Analysis—2024 Executive Compensation Program—Long-Term Incentive Compensation—Previously Granted 2022 PSU Awards” for additional information. The amount disclosed consists of (a) 22,500 of personal security expenses as part of our executive security program, calculated at the actual cost to us, (b) 13,800 of 401(k) matching contributions, and (c) Company-paid life insurance premiums. The amount disclosed consists of (a) a cash award of 700,000 representing the last of three equal installments of Ms. Simo’s cash retention award granted to her pursuant to her offer letter, which was paid in advance and was earned on the third anniversary of Ms. Simo’s start date, (b) an amount equal to 450,000 representing the remaining portion of a discretionary cash bonus related to fiscal year 2022, and (c) an amount equal to 3,562,500 representing the portion of the restricted cash award that was vested and paid in fiscal year 2023. During 2023, each named executive officer was granted an RSU award subject to a liquidity event-based vesting condition (which constitutes the performance condition) and service-based vesting conditions. As of the applicable grant date, we had not recognized stock-based compensation expense for these awards because achievement of the liquidity event-based vesting condition, as the performance condition, was not deemed probable as of any such date. As a result, no value is included in the table for these awards. The liquidity event-based vesting condition was satisfied on September 18, 2023 upon the effectiveness of the registration statement on Form S-1 filed in connection with our initial public offering, and as a result, we began recognizing stock-based compensation expense upon satisfaction of service-based vesting conditions for these awards following our initial public offering. Assuming achievement of the liquidity event-based vesting condition, the aggregate grant date fair values of the RSU awards for each of Ms. Simo, Mr. Fong, Mr. Giovanni, and Ms. Sharma were 10,735,546, 3,766,854, 6,968,693, and 9,718,493, respectively, computed in accordance with ASC Topic 718. See Notes 2 and 11 to our consolidated financial statements included in the Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. During 2022, (a) each named executive officer was granted an RSU award subject to a liquidity event-based vesting condition (which constitutes the performance condition) and service-based vesting conditions, and (b) each of Ms. Simo, Mr. Giovanni, and Ms. Sharma was granted a PSU Award subject to a liquidity event-based vesting condition (which constitutes the performance condition) as well as service-based and market-based vesting conditions. As of the applicable grant date and December 31, 2022, we had not recognized stock-based compensation expense for these awards because achievement of the liquidity event-based vesting condition, as the performance condition, was not deemed probable as of any such date. As a result, no value is included in the table for these awards. Assuming achievement of the liquidity event-based vesting condition, the aggregate grant date fair values of the RSU awards for each of Ms. Simo, Mr. Fong, Mr. Giovanni, and Ms. Sharma were 11,808,041, 4,250,871, 7,183,233, and 8,856,046, respectively, computed in accordance with ASC Topic 718. Assuming achievement of the liquidity event based vesting condition, the aggregate grant date fair values for the PSU Awards for each of Ms. Simo, Mr. Giovanni, and Ms. Sharma were 25,633,200, 12,816,600, and 15,379,920, respectively, computed in accordance with ASC Topic 718 and representing the highest level of market-based condition achievement for these awards. The liquidity event-based vesting condition was satisfied on September 18, 2023 upon the effective date of the registration statement on Form S-1 filed in connection with our initial public offering, and as a result, we began recognizing stock-based compensation expense upon satisfaction of service-based vesting conditions for these awards following our initial public offering. See Notes 2 and 11 to our consolidated financial statements included in the Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. Represents a sign-on bonus paid to Ms. Reuter in connection with her commencement of employment in January 2024. The amount disclosed consists of (a) 13,800 of 401(k) matching contributions and (b) Company-paid life insurance premiums. The amounts disclosed represent the portion of the restricted cash award that was vested and paid in fiscal year 2024, in the amount of 625,000, 1,156,250, and 806,250 for Mr. Fong, Mr. Giovanni and Ms. Sharma, respectively. The restricted cash award was granted as a portion of each named executive officer's 2023 refresh RSU award and was paid in four equal quarterly installments starting on August 15, 2023, subject to continued service through each applicable vesting date. The amounts disclosed represent (i) the remaining portion of a discretionary cash bonus related to fiscal year 2022 in the amount of 540,000, 450,000, and 450,000 for Mr. Fong, Mr. Giovanni, and Ms. Sharma, respectively, and (ii) the portion of the restricted cash award described in footnote above that was vested and paid in fiscal year 2023, in the amount of 625,000, 1,156,250, and 1,612,500 for Mr. Fong, Mr. Giovanni, and Ms. Sharma, respectively. The amount disclosed consists of (a) 10,462 of 401(k) matching contributions and (b) Company-paid life insurance premiums. | $906,274 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Fidji Simo | Chief Executive Officer | $5,273,573 |
| Asha Sharma | Former Chief Operating Officer Aggregate grant date fair values are computed in accordance with ASC Topic 718. See Notes 2 and 11 to our consolidated financial statements included in the Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. See the section titled “—Outstanding Equity Awards at 2024 Fiscal Year-End” for additional information. The amount disclosed includes the incremental fair value of the November 2024 modification of Ms. Simo’s PSU Award, computed in accordance with ASC Topic 718. See the section titled “—Compensation Discussion and Analysis—2024 Executive Compensation Program—Long-Term Incentive Compensation—Previously Granted 2022 PSU Awards” for additional information. The amount disclosed consists of (a) 22,500 of personal security expenses as part of our executive security program, calculated at the actual cost to us, (b) 13,800 of 401(k) matching contributions, and (c) Company-paid life insurance premiums. The amount disclosed consists of (a) a cash award of 700,000 representing the last of three equal installments of Ms. Simo’s cash retention award granted to her pursuant to her offer letter, which was paid in advance and was earned on the third anniversary of Ms. Simo’s start date, (b) an amount equal to 450,000 representing the remaining portion of a discretionary cash bonus related to fiscal year 2022, and (c) an amount equal to 3,562,500 representing the portion of the restricted cash award that was vested and paid in fiscal year 2023. During 2023, each named executive officer was granted an RSU award subject to a liquidity event-based vesting condition (which constitutes the performance condition) and service-based vesting conditions. As of the applicable grant date, we had not recognized stock-based compensation expense for these awards because achievement of the liquidity event-based vesting condition, as the performance condition, was not deemed probable as of any such date. As a result, no value is included in the table for these awards. The liquidity event-based vesting condition was satisfied on September 18, 2023 upon the effectiveness of the registration statement on Form S-1 filed in connection with our initial public offering, and as a result, we began recognizing stock-based compensation expense upon satisfaction of service-based vesting conditions for these awards following our initial public offering. Assuming achievement of the liquidity event-based vesting condition, the aggregate grant date fair values of the RSU awards for each of Ms. Simo, Mr. Fong, Mr. Giovanni, and Ms. Sharma were 10,735,546, 3,766,854, 6,968,693, and 9,718,493, respectively, computed in accordance with ASC Topic 718. See Notes 2 and 11 to our consolidated financial statements included in the Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. During 2022, (a) each named executive officer was granted an RSU award subject to a liquidity event-based vesting condition (which constitutes the performance condition) and service-based vesting conditions, and (b) each of Ms. Simo, Mr. Giovanni, and Ms. Sharma was granted a PSU Award subject to a liquidity event-based vesting condition (which constitutes the performance condition) as well as service-based and market-based vesting conditions. As of the applicable grant date and December 31, 2022, we had not recognized stock-based compensation expense for these awards because achievement of the liquidity event-based vesting condition, as the performance condition, was not deemed probable as of any such date. As a result, no value is included in the table for these awards. Assuming achievement of the liquidity event-based vesting condition, the aggregate grant date fair values of the RSU awards for each of Ms. Simo, Mr. Fong, Mr. Giovanni, and Ms. Sharma were 11,808,041, 4,250,871, 7,183,233, and 8,856,046, respectively, computed in accordance with ASC Topic 718. Assuming achievement of the liquidity event based vesting condition, the aggregate grant date fair values for the PSU Awards for each of Ms. Simo, Mr. Giovanni, and Ms. Sharma were 25,633,200, 12,816,600, and 15,379,920, respectively, computed in accordance with ASC Topic 718 and representing the highest level of market-based condition achievement for these awards. The liquidity event-based vesting condition was satisfied on September 18, 2023 upon the effective date of the registration statement on Form S-1 filed in connection with our initial public offering, and as a result, we began recognizing stock-based compensation expense upon satisfaction of service-based vesting conditions for these awards following our initial public offering. See Notes 2 and 11 to our consolidated financial statements included in the Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. Represents a sign-on bonus paid to Ms. Reuter in connection with her commencement of employment in January 2024. The amount disclosed consists of (a) 13,800 of 401(k) matching contributions and (b) Company-paid life insurance premiums. The amounts disclosed represent the portion of the restricted cash award that was vested and paid in fiscal year 2024, in the amount of 625,000, 1,156,250, and 806,250 for Mr. Fong, Mr. Giovanni and Ms. Sharma, respectively. The restricted cash award was granted as a portion of each named executive officer's 2023 refresh RSU award and was paid in four equal quarterly installments starting on August 15, 2023, subject to continued service through each applicable vesting date. The amounts disclosed represent (i) the remaining portion of a discretionary cash bonus related to fiscal year 2022 in the amount of 540,000, 450,000, and 450,000 for Mr. Fong, Mr. Giovanni, and Ms. Sharma, respectively, and (ii) the portion of the restricted cash award described in footnote above that was vested and paid in fiscal year 2023, in the amount of 625,000, 1,156,250, and 1,612,500 for Mr. Fong, Mr. Giovanni, and Ms. Sharma, respectively. The amount disclosed consists of (a) 10,462 of 401(k) matching contributions and (b) Company-paid life insurance premiums. | $2,608,450 |
| Nick Giovanni | Former Chief Financial Officer | $2,144,920 |
| General Counsel | — | $1,703,670 |
| Morgan Fong | — | $1,703,670 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Fidji Simo | Chief Executive Officer | $1,512,565 |
| General Counsel | — | $872,565 |
| Nick Giovanni | Former Chief Financial Officer | $812,565 |
| Asha Sharma | Former Chief Operating Officer Aggregate grant date fair values are computed in accordance with ASC Topic 718. See Notes 2 and 11 to our consolidated financial statements included in the Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. See the section titled “—Outstanding Equity Awards at 2024 Fiscal Year-End” for additional information. The amount disclosed includes the incremental fair value of the November 2024 modification of Ms. Simo’s PSU Award, computed in accordance with ASC Topic 718. See the section titled “—Compensation Discussion and Analysis—2024 Executive Compensation Program—Long-Term Incentive Compensation—Previously Granted 2022 PSU Awards” for additional information. The amount disclosed consists of (a) 22,500 of personal security expenses as part of our executive security program, calculated at the actual cost to us, (b) 13,800 of 401(k) matching contributions, and (c) Company-paid life insurance premiums. The amount disclosed consists of (a) a cash award of 700,000 representing the last of three equal installments of Ms. Simo’s cash retention award granted to her pursuant to her offer letter, which was paid in advance and was earned on the third anniversary of Ms. Simo’s start date, (b) an amount equal to 450,000 representing the remaining portion of a discretionary cash bonus related to fiscal year 2022, and (c) an amount equal to 3,562,500 representing the portion of the restricted cash award that was vested and paid in fiscal year 2023. During 2023, each named executive officer was granted an RSU award subject to a liquidity event-based vesting condition (which constitutes the performance condition) and service-based vesting conditions. As of the applicable grant date, we had not recognized stock-based compensation expense for these awards because achievement of the liquidity event-based vesting condition, as the performance condition, was not deemed probable as of any such date. As a result, no value is included in the table for these awards. The liquidity event-based vesting condition was satisfied on September 18, 2023 upon the effectiveness of the registration statement on Form S-1 filed in connection with our initial public offering, and as a result, we began recognizing stock-based compensation expense upon satisfaction of service-based vesting conditions for these awards following our initial public offering. Assuming achievement of the liquidity event-based vesting condition, the aggregate grant date fair values of the RSU awards for each of Ms. Simo, Mr. Fong, Mr. Giovanni, and Ms. Sharma were 10,735,546, 3,766,854, 6,968,693, and 9,718,493, respectively, computed in accordance with ASC Topic 718. See Notes 2 and 11 to our consolidated financial statements included in the Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. During 2022, (a) each named executive officer was granted an RSU award subject to a liquidity event-based vesting condition (which constitutes the performance condition) and service-based vesting conditions, and (b) each of Ms. Simo, Mr. Giovanni, and Ms. Sharma was granted a PSU Award subject to a liquidity event-based vesting condition (which constitutes the performance condition) as well as service-based and market-based vesting conditions. As of the applicable grant date and December 31, 2022, we had not recognized stock-based compensation expense for these awards because achievement of the liquidity event-based vesting condition, as the performance condition, was not deemed probable as of any such date. As a result, no value is included in the table for these awards. Assuming achievement of the liquidity event-based vesting condition, the aggregate grant date fair values of the RSU awards for each of Ms. Simo, Mr. Fong, Mr. Giovanni, and Ms. Sharma were 11,808,041, 4,250,871, 7,183,233, and 8,856,046, respectively, computed in accordance with ASC Topic 718. Assuming achievement of the liquidity event based vesting condition, the aggregate grant date fair values for the PSU Awards for each of Ms. Simo, Mr. Giovanni, and Ms. Sharma were 25,633,200, 12,816,600, and 15,379,920, respectively, computed in accordance with ASC Topic 718 and representing the highest level of market-based condition achievement for these awards. The liquidity event-based vesting condition was satisfied on September 18, 2023 upon the effective date of the registration statement on Form S-1 filed in connection with our initial public offering, and as a result, we began recognizing stock-based compensation expense upon satisfaction of service-based vesting conditions for these awards following our initial public offering. See Notes 2 and 11 to our consolidated financial statements included in the Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our named executive officers. Represents a sign-on bonus paid to Ms. Reuter in connection with her commencement of employment in January 2024. The amount disclosed consists of (a) 13,800 of 401(k) matching contributions and (b) Company-paid life insurance premiums. The amounts disclosed represent the portion of the restricted cash award that was vested and paid in fiscal year 2024, in the amount of 625,000, 1,156,250, and 806,250 for Mr. Fong, Mr. Giovanni and Ms. Sharma, respectively. The restricted cash award was granted as a portion of each named executive officer's 2023 refresh RSU award and was paid in four equal quarterly installments starting on August 15, 2023, subject to continued service through each applicable vesting date. The amounts disclosed represent (i) the remaining portion of a discretionary cash bonus related to fiscal year 2022 in the amount of 540,000, 450,000, and 450,000 for Mr. Fong, Mr. Giovanni, and Ms. Sharma, respectively, and (ii) the portion of the restricted cash award described in footnote above that was vested and paid in fiscal year 2023, in the amount of 625,000, 1,156,250, and 1,612,500 for Mr. Fong, Mr. Giovanni, and Ms. Sharma, respectively. The amount disclosed consists of (a) 10,462 of 401(k) matching contributions and (b) Company-paid life insurance premiums. | $812,565 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Chris Rogers | Chair | Appointed | 2025-11-25 |
| Fidji Simo | Chief Executive Officer and President | Resigned | 2025-08-15 |
| Chris Rogers | Chief Executive Officer and President and as a Class II director of the Board | Appointed | 2025-08-15 |
| Josh Silverman | Class I director | Appointed | 2025-08-15 |
| Chris Rogers | Class II director | Appointed | 2025-05-28 |
| Chris Rogers | Chief Executive Officer and President | Appointed | 2025-05-28 |
| Fidji Simo | Chief Executive Officer and President | Resigned | 2025-05-28 |
| Fidji Simo | Chief Executive Officer | Resigned | 2025-05-08 |
| Lisa Blackwood-Kapral | Chief Accounting Officer and principal accounting officer | Appointed | 2025-03-04 |
| Alan Ramsay | Chief Accounting Officer and principal accounting officer | Resigned | 2025-03-04 |
Key facts
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