Form 4: Maplebear Director Meredith Kopit Levien Granted 6,180 Restricted Stock Units
Insider Transaction Report
Maplebear Inc. Director Meredith Kopit Levien was granted 6,180 restricted stock units, vesting upon continued service, as part of her compensation.
Summary
- Meredith Kopit Levien, a Director of Maplebear Inc. (CART), was granted 6,180 shares of Common Stock in the form of restricted stock units (RSUs) on May 22, 2025.
- These RSUs were acquired at a price of $0, indicating a grant rather than a purchase.
- Following this transaction, Ms. Levien beneficially owns a total of 25,054 shares of Common Stock directly.
- The RSUs are set to vest in full on the earlier of the Issuer's next annual meeting of stockholders or the one-year anniversary of the grant date, contingent on Ms. Levien's continued service as a director.
Sentiment
Score: 6
Explanation: The grant of restricted stock units to a director is a routine compensation event that aligns management interests with shareholders, which is mildly positive. There are no significant negative implications beyond minor dilution.
Positives
- The grant of 6,180 restricted stock units to Director Meredith Kopit Levien aligns her interests with those of shareholders, as the value of the units is tied to the company's stock performance.
- This RSU grant is a standard component of director compensation, indicating stable corporate governance practices.
Negatives
- The issuance of new restricted stock units, upon vesting, will result in a minor dilution of existing shareholder equity.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Filings | Meredith Kopit Levien executed a Power of Attorney on January 22, 2025, authorizing specific individuals (Morgan Fong, Bradley Libuit, Nathan Cao of Maplebear Inc., and Milson Yu, Eric Steiner of Cooley LLP) to prepare, execute, and file Forms 3, 4, and 5 with the SEC on her behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 01/22/2025 | This streamlines the process for insider trading compliance filings for the director, ensuring timely and accurate submissions to the SEC. |
Related Party Transactions
- The grant of 6,180 restricted stock units to Meredith Kopit Levien, a director of Maplebear Inc., constitutes a related party transaction as it involves compensation provided by the company to a member of its board of directors.
Stakeholder Impact
- Shareholders: Experience minor dilution upon vesting of the RSUs but benefit from increased alignment of the director's interests with long-term company performance.
- Employees: No direct impact mentioned, but standardizes compensation practices for leadership.
Next Steps
- The granted restricted stock units will vest in full on the earlier of Maplebear Inc.'s next annual meeting of stockholders or the one-year anniversary of the grant date (May 22, 2026), subject to continued service.
Key Dates
| Date | Description |
|---|---|
| 01/22/2025 | Date Power of Attorney was executed by Meredith Kopit Levien. |
| 05/22/2025 | Date of the RSU grant transaction to Meredith Kopit Levien. |
| 05/27/2025 | Date the Form 4 was signed by Nathan Cao, Attorney-in-Fact. |
Keywords
Maplebear Inc., CART, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, Meredith Kopit Levien, Equity Compensation, Corporate Governance
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