Key facts
- This page summarizes Apoorva Mehta's Form 4 filing for Maplebear Inc. (CART).
- 1 reported transaction and 2 derivative rows are listed below.
- Accepted by SEC: 27 Feb 2025, 21:45.
Apoorva Mehta - 25 Feb 2025 Form 4 Insider Report for Maplebear Inc. (CART)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- CART
- Reported as of
- 25 Feb 2025
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 27 Feb 2025, 21:45:01 UTC
- Prior SEC filing
- 22 Oct 2024
- Next SEC filing
- 08 Apr 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Apoorva Mehta
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Apoorva Mehta filed Form 4 for Maplebear Inc. (CART) on 27 Feb 2025.
Change
- Previous filing in this sequence was filed on 22 Oct 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CART
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 22,413,892
- Date
- 25 Feb 2025
- Ownership
- See Footnote
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CART
transaction
Derivative
Forward Sale Contract (Obligation to Sell)
Other
- Transaction value
- Shares
- +747,040
- Change %
- Price
- Shares after
- 747,040
- Date
- 25 Feb 2025
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 747,040
- Exercise price
- Footnotes
- F2, F3, F4, F5
CART
holding
Derivative
Stock Option (Right to Buy)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 4,866,785
- Date
- 25 Feb 2025
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 4,866,785
- Exercise price
- $9.55
- Footnotes
- F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
20,530,661 shares of common stock of the issuer (the "Shares") are held by The Apoorva Mehta Revocable Trust, dated June 20, 2018, of which the reporting person is trustee and has sole voting and dispositive power, and 1,883,231 Shares are held by AM Investment Holdings LLC (the "LLC"), which is beneficially owned by the reporting person and over which the reporting person has sole voting and dispositive power.
Footnote F2
On February 25, 2025, the reporting person, through the LLC, entered into a prepaid variable forward sale contract with an unaffiliated third-party purchaser. The contract obligates the LLC to deliver to the purchaser, at the LLC's election, up to an aggregate of 747,040 Shares or an equivalent amount of cash based on the market price of the Shares on the relevant maturity date, over the course of the maturity dates of the contract (occurring in two equal components on May 21 and 22, 2026). In exchange for assuming this obligation, the LLC received a cash payment of $27,466,270.27. The LLC pledged 747,040 Shares (the "Pledged Shares") to secure its obligations under the contract, and retained dividend and voting rights in the Pledged Shares during the term of the pledge, subject to certain payments the LLC may need to make to the purchaser with respect to certain dividends under the terms of the contract.
Footnote F3
The number of Shares to be delivered to the purchaser (or on which to base the amount of cash to be delivered to the purchaser) on the maturity dates is to be determined as follows: (a) if the volume-weighted average price of the Shares on the relevant valuation date for the applicable component as determined under the contract (each, a "Settlement Price") is less than or equal to $38.9479 per share (the "Floor Price"), the LLC will deliver to the purchaser all of the Pledged Shares for the applicable component; (b) if such Settlement Price is greater than the Floor Price but less than or equal to $63.2904 (the "Cap Price"), the LLC will deliver to the purchaser a number of Shares equal to the product of (i) the number of Pledged Shares for the applicable component and (ii) a fraction, the numerator of which is the Floor Price and the denominator of which is such Settlement Price; and (c) if such Settlement Price is greater than the Cap Price,
Footnote F4
(Continued from footnote 3) the LLC will deliver to the purchaser a number of Shares equal to the product of (i) the number of Pledged Shares for the applicable component and (ii) a fraction, the numerator of which is the Floor Price plus the excess of such Settlement Price over the Cap Price and the denominator of which is such Settlement Price.
Footnote F5
The reporting person is the beneficial owner of, and has sole voting and dispositive power over, the LLC.
Footnote F6
Fully vested.