Asha Sharma - Sep 18, 2023 Form 4 Insider Report for Maplebear Inc. (CART)

Role
Chief Operating Officer
Signature
/s/ Bradley Libuit, Attorney-in-fact
Stock symbol
CART
Transactions as of
Sep 18, 2023
Transactions value $
-$8,186,490
Form type
4
Date filed
9/20/2023, 08:26 PM
Previous filing
Jul 10, 2023
Next filing
Sep 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CART Non-Voting Common Stock Award $0 +1.42M $0.00 1.42M Sep 18, 2023 Direct F1, F2
transaction CART Non-Voting Common Stock Tax liability -$8.19M -273K -19.24% $30.00 1.15M Sep 19, 2023 Direct F1, F3

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 Performance Stock Units Award $0 +720K $0.00 720K Sep 18, 2023 Non-Voting Common Stock 720K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All outstanding shares of non-voting common stock and shares of non-voting common stock underlying outstanding equity securities will convert into an equivalent number of shares of the Issuer's common stock immediately prior to the closing of the Issuer's initial public offering.
F2 Consists of previously granted restricted stock units ("RSUs") for which the liquidity event-based vesting condition was satisfied upon the effectiveness of the registration statement on Form S-1 filed by the Issuer in connection with the Issuer's initial public offering. Certain of the RSUs remain subject to service-based vesting conditions.
F3 Represents the number of shares withheld by the Issuer in connection with the net settlement of the applicable RSUs prior to the open of trading on September 19, 2023, which settlement date was determined by the Issuer's board of directors, to satisfy the tax obligation realized upon vesting of such RSUs.
F4 Each performance right represents a contingent right to receive one share of the Issuer's common stock. The initial performance condition was met, and 180,000 shares vested, upon the effectiveness of the Issuer's initial public offering and the remaining rights will vest upon the achievement of specified market valuations.