A burst of stock trades tied to Rep. Ro Khanna shows roughly $88,000 in transactions involving Instacart parent Maplebear Inc. over a 10‑day period in February, according to newly filed congressional disclosures.
The California Democrat reported a series of buys and sells in CART, the NASDAQ‑listed grocery delivery platform with a market capitalization of about $10 billion. The stock recently traded around $38.23. Most of the activity came from Khanna’s spouse, though the congressman himself reported several purchases during the same window.
In total, the filings show 11 separate transactions between Feb. 17 and Feb. 26, each valued between $1,000 and $15,000. Because congressional disclosures only require reporting in broad dollar ranges, the exact value of each trade is unknown, but the combined activity is estimated at roughly $88,000.
The pattern stands out for its rapid sequence. Over just a week and a half, the household alternated between accumulating and trimming positions in the online grocery marketplace, suggesting active portfolio management rather than a single directional bet.
Instacart trade disclosures
- Feb. 17, 2026 — Buy (DC) — $1K–$15K
- Feb. 17, 2026 — Sell (Spouse) — $1K–$15K
- Feb. 18, 2026 — Buy (Spouse) — $1K–$15K
- Feb. 19, 2026 — Buy (Spouse) — $1K–$15K
- Feb. 20, 2026 — Buy (Spouse) — $1K–$15K
- Feb. 23, 2026 — Buy (Spouse) — $1K–$15K
- Feb. 24, 2026 — Buy (DC) — $1K–$15K
- Feb. 24, 2026 — Sell (Spouse) — $1K–$15K
- Feb. 25, 2026 — Buy (DC) — $1K–$15K
- Feb. 25, 2026 — Sell (Spouse) — $1K–$15K
- Feb. 26, 2026 — Buy (Spouse) — $1K–$15K
Khanna has reported more than 19,600 trades during his congressional career, according to public disclosure records, making his filings among the more active on Capitol Hill.
Instacart has become an increasingly watched company among retail and technology investors. The platform connects consumers with grocery stores and retailers for same‑day delivery or pickup, generating revenue through delivery fees, retailer partnerships, and a fast‑growing retail media advertising business that allows consumer brands to promote products within the app.
That advertising segment has been a key narrative for the company since its public debut, positioning Instacart not just as a logistics intermediary but as a digital advertising platform embedded in the grocery supply chain. Analysts increasingly track the company as part of the broader retail media market, where retailers monetize shopper data and product search placement.
Only one other member of Congress has reported trading the stock, making the activity relatively rare among lawmakers compared with more commonly held technology or energy equities.
Khanna serves on the House Committee on Armed Services and the House Committee on Oversight and Government Reform, as well as the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. While those panels do not directly oversee the grocery delivery sector, they regularly engage with broader technology, cybersecurity, and digital platform policy issues.
Members of Congress are allowed to buy and sell individual stocks but must disclose transactions under the STOCK Act, which requires lawmakers to report trades within a set timeframe to promote transparency around potential conflicts of interest.
The Instacart trades appear among the latest congressional trades disclosed through the House financial reporting system.