Nick Giovanni - Feb 15, 2024 Form 4 Insider Report for Maplebear Inc. (CART)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Bradley Libuit, Attorney-in-Fact
Stock symbol
CART
Transactions as of
Feb 15, 2024
Transactions value $
-$3,059,949
Form type
4
Date filed
2/16/2024, 05:59 PM
Previous filing
Nov 16, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CART Common Stock Tax liability -$326K -11.9K -2.14% $27.33 547K Feb 15, 2024 Direct F1, F2
transaction CART Common Stock Tax liability -$656K -24K -4.39% $27.33 523K Feb 15, 2024 Direct F2, F3
transaction CART Common Stock Options Exercise +150K +28.68% 673K Feb 15, 2024 Direct F2, F4
transaction CART Common Stock Tax liability -$2.08M -76K -11.3% $27.33 597K Feb 15, 2024 Direct F2, F5

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 Options Exercise $0 -150K -25% $0.00 450K Feb 15, 2024 Common Stock 150K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock previously reported in Table 1. This net settlement was approved by the Issuer's compensation committee pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F2 Includes 84,375 shares of restricted stock subject to the Issuer's right of repurchase.
F3 Represents shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units previously reported in Table 1. This net settlement was approved by the Issuer's compensation committee pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F4 Performance stock units convert to common stock on a one-for-one basis.
F5 Represents shares withheld to satisfy tax withholding obligations upon the settlement of performance stock units. This net settlement was approved by the Issuer's compensation committee pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F6 Each performance right represents a contingent right to receive one share of the Issuer's common stock. The initial performance condition was met, and 150,000 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.