Form 4: Maplebear Inc. CEO Fidji Simo Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Maplebear Inc. CEO Fidji Simo disposed of 124,134 shares of common stock on May 15, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On May 15, 2024, Fidji Simo, the President and CEO of Maplebear Inc. (CART), disposed of 124,134 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The shares were sold at a price of $34.3.
- Following the transaction, Simo directly owns 2,001,167 shares of Maplebear Inc.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover tax obligations) and doesn't inherently indicate positive or negative sentiment. It's a neutral event from an investment perspective.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the purpose of the sale.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Fidji Simo disposed of 124,134 shares of common stock. |
| 05/17/2024 | Date of signature: Form 4 signed by Bradley Libuit, Attorney-in-Fact. |
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