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

Role: Other*
Signature: Grosvenor Capital Management, L.P., By: GCM, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory
Stock symbol: CART
Transactions as of: Sep 21, 2023
Transactions value $: $1,800,000
Form type: 4
Date filed: 9/25/2023, 07:57 PM
Previous filing: Sep 21, 2023
Next filing: Nov 13, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CART	Common Stock	Conversion of derivative security		+1.17M			1.17M	Sep 21, 2023	By GCM Grosvenor IC SPV, LLC	F1, F2, F3, F4
transaction	CART	Common Stock	Conversion of derivative security		+6.73M	+576.24%		7.89M	Sep 21, 2023	By GCM Grosvenor IC SPV, LLC	F1, F2, F3, F4
transaction	CART	Common Stock	Conversion of derivative security		+520K	+102.65%		1.03M	Sep 21, 2023	By GCM Grosvenor IC SPV 2, LLC	F1, F2, F3, F5
transaction	CART	Non-Voting Common Stock	Other		-26.5K	-100%		0	Sep 21, 2023	By GCM Grosvenor IC SPV 2, LLC	F1, F2, F5, F7
transaction	CART	Common Stock	Other		+26.5K	+2.58%		1.05M	Sep 21, 2023	By GCM Grosvenor IC SPV 2, LLC	F1, F2, F5, F7
transaction	CART	Common Stock	Purchase	$1.8M	+60K		$30.00	60K	Sep 21, 2023	By GCM Special Opportunities Master Fund, Ltd.	F1, F2, F6

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		-1.17M	-100%		0	Sep 21, 2023	Common Stock	1.17M		By GCM Grosvenor IC SPV, LLC	F1, F2, F3, F4
transaction	CART	Series F Preferred Stock	Conversion of derivative security		-6.73M	-100%		0	Sep 21, 2023	Common Stock	6.73M		By GCM Grosvenor IC SPV, LLC	F1, F2, F3, F4
transaction	CART	Series G Preferred Stock	Conversion of derivative security		-520K	-100%		0	Sep 21, 2023	Common Stock	520K		By GCM Grosvenor IC SPV 2, LLC	F1, F2, F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 4 is filed jointly by GCM Grosvenor IC SPV, LLC ("GCM SPV"), GCM Grosvenor IC SPV 2, LLC ("GCM SPV2"), Grosvenor Capital Management, L.P. ("Grosvenor Capital Management"), GCM Investments GP, LLC ("GCM GP"), Grosvenor Capital Management Holdings, LLLP ("Grosvenor Capital Holdings"), GCM, L.L.C., GCM Grosvenor Holdings, LLC ("GCM Holdings"), GCM Grosvenor Inc. ("GCM Grosvenor"), GCM V, L.L.C. ("GCM V"), GCM Special Opportunities Master Fund, Ltd. ("SOF"), and Michael J. Sacks (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange Act") that may be deemed to collectively beneficially own over 10% of the Issuer's outstanding shares of Common Stock (the "Shares").
F2	This filing shall not be deemed to be an affirmation that such a group exists for purposes of the Exchange Act or for any other purpose or that any such Reporting Person is a beneficial owner of securities of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. To enable the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission.
F3	Immediately prior to the closing of the Issuer's initial public offering, each share of Series A Preferred Stock, Series F Preferred Stock and Series G Preferred Stock converted into Shares on a 1:1 basis.
F4	Securities owned directly by GCM SPV. GCM GP, as the managing member of GCM SPV, may be deemed to beneficially own such securities. Grosvenor Capital Holdings, as the sole member of GCM GP, may be deemed to beneficially own such securities. Grosvenor Capital Management, as the investment manager of GCM SPV, may be deemed to beneficially own such securities. GCM, L.L.C., as general partner of Grosvenor Capital Management, may be deemed to beneficially own such securities. GCM Holdings, as the managing member of GCM, L.L.C., may be deemed to beneficially own such securities. GCM Grosvenor, as the sole member of GCM Holdings, may be deemed to beneficially own such securities. GCM V, as a shareholder of GCM Grosvenor, may be deemed to beneficially own such securities. Mr. Sacks, as managing member of GCM V, may be deemed to beneficially own such securities.
F5	Securities owned directly by GCM SPV2. GCM GP, as the managing member of GCM SPV2, may be deemed to beneficially own such securities. Grosvenor Capital Holdings, as the sole member of GCM GP, may be deemed to beneficially own such securities. Grosvenor Capital Management, as the investment manager of GCM SPV2, may be deemed to beneficially own such securities. GCM, L.L.C., as general partner of Grosvenor Capital Management, may be deemed to beneficially own such securities. GCM Holdings, as the managing member of GCM, L.L.C., may be deemed to beneficially own such securities. GCM Grosvenor, as the sole member of GCM Holdings, may be deemed to beneficially own such securities. GCM V, as a shareholder of GCM Grosvenor, may be deemed to beneficially own such securities. Mr. Sacks, as managing member of GCM V, may be deemed to beneficially own such securities.
F6	Securities owned directly by SOF. Grosvenor Capital Management, as the investment manager of SOF, may be deemed to beneficially own such securities. GCM, L.L.C., as general partner of Grosvenor Capital Management, may be deemed to beneficially own such securities. GCM Holdings, as the managing member of GCM, L.L.C., may be deemed to beneficially own such securities. GCM Grosvenor, as the sole member of GCM Holdings, may be deemed to beneficially own such securities. GCM V, as a shareholder of GCM Grosvenor, may be deemed to beneficially own such securities. Mr. Sacks, as managing member of GCM V, may be deemed to beneficially own such securities.
F7	Each share of Non-Voting Common Stock was automatically converted into one Share in connection with the closing of the Issuer's initial public offering.