Asha Sharma - Feb 15, 2024 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
Feb 15, 2024
Transactions value $
-$3,935,547
Form type
4
Date filed
2/16/2024, 06:01 PM
Previous filing
Sep 25, 2023
Next filing
Jun 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CART Common Stock Tax liability -$2M -73.2K -6.42% $27.33 1.07M Feb 15, 2024 Direct F1, F2
transaction CART Common Stock Options Exercise +180K +16.87% 1.25M Feb 15, 2024 Direct F2, F3
transaction CART Common Stock Tax liability -$1.94M -70.8K -5.68% $27.33 1.18M Feb 15, 2024 Direct F2, 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 Performance Stock Units Options Exercise $0 -180K -25% $0.00 540K Feb 15, 2024 Common Stock 180K Direct F3, F5
* 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 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.
F2 Includes 5,708 fewer shares than the amount reported on the Form 4 filed on September 20, 2023 due to 5,708 additional shares withheld in connection with the settlement of the award reported on such Form 4.
F3 Performance stock units convert to common stock on a one-for-one basis.
F4 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.
F5 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.