D1 Capital Partners L.P. - Sep 21, 2023 Form 4 Insider Report for Maplebear Inc. (CART)

Role
Director, Other*, 10%+ Owner
Signature
D1 Capital Partners, L.P., by /s/ Amanda Hector, General Counsel and Chief Compliance Officer
Stock symbol
CART
Transactions as of
Sep 21, 2023
Transactions value $
$30,000,000
Form type
4
Date filed
9/25/2023, 07:43 PM
Previous filing
Sep 18, 2023
Next filing
Dec 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CART Common Stock Conversion of derivative security +4.93M +255.59% 6.86M Sep 21, 2023 See footnotes F1, F3, F4
transaction CART Common Stock Conversion of derivative security +1.13M +16.43% 7.98M Sep 21, 2023 See footnotes F1, F3, F4
transaction CART Common Stock Conversion of derivative security +1.08M +13.53% 9.06M Sep 21, 2023 See footnotes F1, F3, F4
transaction CART Common Stock Conversion of derivative security +26M +287.03% 35.1M Sep 21, 2023 See footnotes F1, F3, F4
transaction CART Common Stock Conversion of derivative security +1.04M +2.96% 36.1M Sep 21, 2023 See footnotes F1, F3, F4
transaction CART Common Stock Conversion of derivative security +500K +1.38% 36.6M Sep 21, 2023 See footnotes F1, F3, F4
transaction CART Common Stock Conversion of derivative security +120K +0.33% 36.7M Sep 21, 2023 See footnotes F1, F3, F4
transaction CART Non-Voting Common Stock Other -101K -100% 0 Sep 21, 2023 See footnotes F2, F3, F4
transaction CART Common Stock Other +101K +0.27% 36.8M Sep 21, 2023 See footnotes F2, F3, F4
transaction CART Non-Voting Common Stock Other -14.3K -100% 0 Sep 21, 2023 See footnotes F2, F4, F5
transaction CART Common Stock Other +14.3K 14.3K Sep 21, 2023 See footnotes F2, F4, F5
transaction CART Common Stock Purchase $30M +1M +2.71% $30.00 37.8M Sep 21, 2023 See footnotes F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CART Series A Preferred Stock Conversion of derivative security $0 -4.93M -100% $0.00* 0 Sep 21, 2023 Common Stock 4.93M See footnotes F1, F3, F4
transaction CART Series C Preferred Stock Conversion of derivative security $0 -1.13M -100% $0.00* 0 Sep 21, 2023 Common Stock 1.13M See footnotes F1, F3, F4
transaction CART Series D Preferred Stock Conversion of derivative security $0 -1.08M -100% $0.00* 0 Sep 21, 2023 Common Stock 1.08M See footnotes F1, F3, F4
transaction CART Series F Preferred Stock Conversion of derivative security $0 -26M -100% $0.00* 0 Sep 21, 2023 Common Stock 26M See footnotes F1, F3, F4
transaction CART Series G Preferred Stock Conversion of derivative security $0 -1.04M -100% $0.00* 0 Sep 21, 2023 Common Stock 1.04M See footnotes F1, F3, F4
transaction CART Series H Preferred Stock Conversion of derivative security $0 -500K -100% $0.00* 0 Sep 21, 2023 Common Stock 500K See footnotes F1, F3, F4
transaction CART Series I Preferred Stock Conversion of derivative security $0 -120K -100% $0.00* 0 Sep 21, 2023 Common Stock 120K See footnotes F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Immediately prior to the closing of the Issuer's initial public offering, each share of Series A Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series F Preferred Stock, Series G Preferred Stock, Series H Preferred Stock and Series I Preferred Stock converted into shares of Common Stock on a 1:1 basis.
F2 Each share of Non-Voting Common Stock was automatically converted into one share of Common Stock in connection with the closing of the Issuer's initial public offering of common stock.
F3 This statement is filed by D1 Capital Partners L.P. (the "Investment Manager") and Daniel Sundheim ("Mr. Sundheim"). The foregoing persons are hereinafter sometimes referred to as the "Reporting Persons." The Investment Manager is a registered investment adviser and serves as the investment manager of private investment vehicles and accounts, including D1 Iconoclast Holdings LP ("D1 Iconoclast") and D1 Master Holdco I LLC ("D1 Master Holdco"), and as an investment consultant to certain private investment vehicles and accounts, including GCM Grosvenor IC SPV, LLC ("GCM IC") and GCM Grosvenor IC SPV 2, LLC ("GCM IC 2") and may be deemed to beneficially own the securities held by D1 Iconoclast, D1 Master Holdco, GCM IC, and GCM IC 2. Mr. Sundheim may be deemed to beneficially own the reported securities by virtue of the fact that Mr. Sundheim indirectly controls the Investment Manager.
F4 The filing of this statement should not be construed as an admission that any Reporting Person is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of the securities reported except to the extent of its pecuniary interest therein.
F5 Represents restricted stock units ("RSUs") received by Mr. Sundheim. Certain of the RSUs remain subject to service-based vesting conditions. Mr. Sundheim may be deemed to hold the securities reported herein for the benefit of certain funds and accounts to which the Investment Manager serves as the investment manager or investment consultant.

Remarks:

The Investment Manager may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934 by virtue of the fact that Mr. Sundheim currently serves on the board of directors of the Issuer.