SC US (TTGP), LTD. - 21 Sep 2023 Form 4 Insider Report for Maplebear Inc. (CART)

Role
10%+ Owner
Signature
By: /s/ Jung Yeon Son, by power of attorney for Roelof Botha, a Director of SC US (TTGP), Ltd.
Issuer symbol
CART
Transactions as of
21 Sep 2023
Net transactions value
+$30,000,000
Form type
4
Filing time
22 Sep 2023, 21:27:12 UTC
Previous filing
18 Sep 2023
Next filing
22 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CART Common Stock Conversion of derivative security +2,565,244 +139% 4,405,162 21 Sep 2023 Sequoia Capital Global Growth Fund II, L.P. F1, F2, F3, F4
transaction CART Common Stock Conversion of derivative security +39,670 +140% 68,020 21 Sep 2023 Sequoia Capital Global Growth II Principals Fund, L.P. F1, F2, F3, F4
transaction CART Common Stock Conversion of derivative security +351,374 351,374 21 Sep 2023 Sequoia Capital Global Growth Fund III - Endurance Partners, L.P. F1, F2, F3, F4
transaction CART Common Stock Conversion of derivative security +25,726,519 25,726,519 21 Sep 2023 Sequoia Capital USV XIV Holdco, Ltd. F1, F2, F3, F4
transaction CART Common Stock Conversion of derivative security +4,744,206 4,744,206 21 Sep 2023 Sequoia Capital U.S. Growth Fund VI, L.P. F1, F2, F3, F4
transaction CART Common Stock Conversion of derivative security +308,013 308,013 21 Sep 2023 Sequoia Capital U.S. Growth VI Principals Fund, L.P. F1, F2, F3, F4
transaction CART Common Stock Conversion of derivative security +1,774,756 1,774,756 21 Sep 2023 Sequoia Capital U.S. Growth Fund VII, L.P. F1, F2, F3, F4
transaction CART Common Stock Conversion of derivative security +164,955 164,955 21 Sep 2023 Sequoia Capital U.S. Growth VII Principals Fund, L.P. F1, F2, F3, F4
transaction CART Common Stock Conversion of derivative security +14,185 14,185 21 Sep 2023 Sequoia Grove UK, L.P. F1, F5
transaction CART Common Stock Conversion of derivative security +11,937,988 +2622% 12,393,305 21 Sep 2023 Sequoia Grove II, LLC F1, F5
transaction CART Common Stock Purchase $30,000,000 +1,000,000 $30.00 1,000,000 21 Sep 2023 Sequoia Capital US/E Expansion Fund I, L.P. F2, F3, F4
holding CART Common Stock 1,217,532 21 Sep 2023 SCGGF III - U.S./India Management, L.P. F2, 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 -29,655 -100% $0.000000* 0 21 Sep 2023 Common Stock 29,655 Sequoia Capital Global Growth Fund III - Endurance Partners, L.P. F1, F2, F3, F4
transaction CART Series A Preferred Stock Conversion of derivative security $0 -25,372,460 -100% $0.000000* 0 21 Sep 2023 Common Stock 25,372,460 Sequoia Capital USV XIV Holdco, Ltd. F1, F2, F3, F4
transaction CART Series A Preferred Stock Conversion of derivative security $0 -8,328,209 -100% $0.000000* 0 21 Sep 2023 Common Stock 8,328,209 Sequoia Grove II, LLC F1, F5
transaction CART Series A Preferred Stock Conversion of derivative security $0 -117 -100% $0.000000* 0 21 Sep 2023 Common Stock 117 Sequoia Grove UK, L.P. F1, F5
transaction CART Series B Preferred Stock Conversion of derivative security $0 -2,730,563 -100% $0.000000* 0 21 Sep 2023 Common Stock 2,730,563 Sequoia Capital U.S. Growth Fund VI, L.P. F1, F2, F3, F4
transaction CART Series B Preferred Stock Conversion of derivative security $0 -195,343 -100% $0.000000* 0 21 Sep 2023 Common Stock 195,343 Sequoia Capital U.S. Growth VI Principals Fund, L.P. F1, F2, F3, F4
transaction CART Series B Preferred Stock Conversion of derivative security $0 -258,964 -100% $0.000000* 0 21 Sep 2023 Common Stock 258,964 Sequoia Capital USV XIV Holdco, Ltd. F1, F2, F3, F4
transaction CART Series B Preferred Stock Conversion of derivative security $0 -1,254,314 -100% $0.000000* 0 21 Sep 2023 Common Stock 1,254,314 Sequoia Grove II, LLC F1, F5
transaction CART Series C Preferred Stock Conversion of derivative security $0 -1,452,690 -100% $0.000000* 0 21 Sep 2023 Common Stock 1,452,690 Sequoia Capital U.S. Growth Fund VI, L.P. F1, F2, F3, F4
transaction CART Series C Preferred Stock Conversion of derivative security $0 -103,925 -100% $0.000000* 0 21 Sep 2023 Common Stock 103,925 Sequoia Capital U.S. Growth VI Principals Fund, L.P. F1, F2, F3, F4
transaction CART Series C Preferred Stock Conversion of derivative security $0 -56,571 -100% $0.000000* 0 21 Sep 2023 Common Stock 56,571 Sequoia Capital USV XIV Holdco, Ltd. F1, F2, F3, F4
transaction CART Series C Preferred Stock Conversion of derivative security $0 -640,679 -100% $0.000000* 0 21 Sep 2023 Common Stock 640,679 Sequoia Grove II, LLC F1, F5
transaction CART Series D Preferred Stock Conversion of derivative security $0 -2,565,244 -100% $0.000000* 0 21 Sep 2023 Common Stock 2,565,244 Sequoia Capital Global Growth Fund II, L.P. F1, F2, F3, F4
transaction CART Series D Preferred Stock Conversion of derivative security $0 -39,670 -100% $0.000000* 0 21 Sep 2023 Common Stock 39,670 Sequoia Capital Global Growth II Principals Fund, L.P. F1, F2, F3, F4
transaction CART Series D Preferred Stock Conversion of derivative security $0 -560,953 -100% $0.000000* 0 21 Sep 2023 Common Stock 560,953 Sequoia Capital U.S. Growth Fund VI, L.P. F1, F2, F3, F4
transaction CART Series D Preferred Stock Conversion of derivative security $0 -8,745 -100% $0.000000* 0 21 Sep 2023 Common Stock 8,745 Sequoia Capital U.S. Growth VI Principals Fund, L.P. F1, F2, F3, F4
transaction CART Series D Preferred Stock Conversion of derivative security $0 -1,774,756 -100% $0.000000* 0 21 Sep 2023 Common Stock 1,774,756 Sequoia Capital U.S. Growth Fund VII, L.P. F1, F2, F3, F4
transaction CART Series D Preferred Stock Conversion of derivative security $0 -164,955 -100% $0.000000* 0 21 Sep 2023 Common Stock 164,955 Sequoia Capital U.S. Growth VII Principals Fund, L.P. F1, F2, F3, F4
transaction CART Series D Preferred Stock Conversion of derivative security $0 -38,524 -100% $0.000000* 0 21 Sep 2023 Common Stock 38,524 Sequoia Capital USV XIV Holdco, Ltd. F1, F2, F3, F4
transaction CART Series D Preferred Stock Conversion of derivative security $0 -1,637,777 -100% $0.000000* 0 21 Sep 2023 Common Stock 1,637,777 Sequoia Grove II, LLC F1, F5
transaction CART Series D Preferred Stock Conversion of derivative security $0 -12,796 -100% $0.000000* 0 21 Sep 2023 Common Stock 12,796 Sequoia Grove UK, L.P. F1, F5
transaction CART Series I Preferred Stock Conversion of derivative security $0 -321,719 -100% $0.000000* 0 21 Sep 2023 Common Stock 321,719 Sequoia Capital Global Growth Fund III - Endurance Partners, L.P. F1, F2, F3, F4
transaction CART Series I Preferred Stock Conversion of derivative security $0 -77,009 -100% $0.000000* 0 21 Sep 2023 Common Stock 77,009 Sequoia Grove II, LLC F1, F5
transaction CART Series I Preferred Stock Conversion of derivative security $0 -1,272 -100% $0.000000* 0 21 Sep 2023 Common Stock 1,272 Sequoia Grove UK, L.P. F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

SC US (TTGP), LTD. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Series A Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series I Preferred Stock converted into common stock on a 1:1 basis and the Series B Preferred Stock converted into shares of common stock on a 1.024566722:1 basis, immediately prior to the closing of the Issuer's initial public offering, and had no expiration date.
F2 SC US (TTGP), Ltd. is (i) the general partner of SC U.S. Venture XIV Management, L.P., which is the general partner of each of Sequoia Capital U.S. Venture Fund XIV, L.P., Sequoia Capital U.S. Venture Partners Fund XIV, L.P., and Sequoia Capital U.S. Venture Partners Fund XIV (Q), L.P., or collectively, the XIV Funds, which together own 100% of the outstanding ordinary shares of Sequoia Capital USV XIV Holdco, Ltd., or XIV Holdco; (ii) the general partner of SC U.S. Growth VI Management, L.P., which is the general partner of each of Sequoia Capital U.S. Growth Fund VI, L.P., and Sequoia Capital U.S. Growth VI Principals Fund, L.P., or collectively, the GF VI Funds; (iii) the general partner of SC U.S. Growth VII Management, L.P., which is the general partner of each of Sequoia Capital U.S. Growth Fund VII, L.P., and Sequoia Capital U.S. Growth VII Principals Fund, L.P., or collectively, the GF VII Funds;
F3 (Continue from Footnote 2) (iv) the general partner of SC Global Growth II Management, L.P., which is the general partner of each of Sequoia Capital Global Growth Fund II, L.P., and Sequoia Capital Global Growth II Principals Fund, L.P., or collectively, the GGF II Funds; (v) the general partner of SCGGF III - Endurance Partners Management, L.P., which is the general partner of Sequoia Capital Global Growth Fund III - Endurance Partners, L.P., or GGF III; (vi) the general partner of SCGGF III - U.S./India Management, L.P., or GGF III US IND MGMT; and (vi) the general partner of SC US/E Expansion Fund I Management, L.P., which is the general partner of Sequoia Capital US/E Expansion Fund I, L.P., or EXP I. As a result, SC US (TTGP), Ltd. may be deemed to share voting and dispositive power with respect to the shares held by XIV Holdco, the GF VI Funds, the GF VII Funds, the GGF II Funds, GGF III, GGFIII US IND MGMT and EXP I.
F4 (Continue from Footnote 3) The directors and stockholders of SC US (TTGP), Ltd. who exercise voting and investment discretion with respect to the GGF II Funds, GGF III, and GGF III US IND MGMT are Douglas M. Leone and Roelof Botha. As a result, and by virtue of the relationships described in this paragraph, each such person may be deemed to share voting and dispositive power with respect to the shares held by the GGF II Funds, GGF III, and GGF III US INDMGMT. Each of the reporting persons disclaims beneficial ownership of the shares held by XIV Holdco, the GF VI Funds, the GF VII Funds, the GGF II Funds, GGF III, GGF III US IND MGMT and EXP I, as applicable, except to the extent of his or its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F5 Sequoia Grove Manager, LLC is the manager of Sequoia Grove II, LLC and the general partner of Sequoia Grove UK, L.P. As a result, Sequoia Grove Manager, LLC may be deemed to share beneficial ownership with respect to the shares held by Sequoia Grove II, LLC and Sequoia Grove UK, L.P. Each of Sequoia Grove Manager, LLC, Sequoia Grove II, LLC, and Sequoia Grove UK, L.P disclaims beneficial ownership of the shares held by Sequoia Grove II, LLC and Sequoia Grove UK, L.P., as applicable, except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.

Remarks:

Form 2 of 3