Fidji Simo - 15 Feb 2024 Form 4 Insider Report for Maplebear Inc. (CART)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Bradley Libuit, Attorney-in-Fact
Issuer symbol
CART
Transactions as of
15 Feb 2024
Transactions value $
-$7,198,203
Form type
4
Filing time
16 Feb 2024, 18:04:28
Previous filing
25 Sep 2023
Next filing
22 Mar 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 Tax liability -$3.04M -111K -11.45% $27.33 861K 15 Feb 2024 Direct F1, F2
transaction CART Common Stock Options Exercise +300K +34.84% 1.16M 15 Feb 2024 Direct F2, F3
transaction CART Common Stock Tax liability -$4.16M -152K -13.09% $27.33 1.01M 15 Feb 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 -300K -25% $0.00 900K 15 Feb 2024 Common Stock 300K 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 33,333 shares that were transferred to the reporting person by her living trust.
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 300,000 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.