Form 4: Maplebear Inc. Director Jeffrey Jordan Reports In-Kind Distribution of Shares

Director Jeffrey Jordan reports a pro rata in-kind distribution of Maplebear Inc. (CART) shares to partners or members, with no consideration involved.

Summary

• On May 10, 2024, Jeffrey Jordan, a director of Maplebear Inc. (CART), reported a transaction involving the distribution of common stock.
• The transaction involved a pro rata in-kind distribution of shares to partners or members for no consideration.
• Mr. Jordan disclaims beneficial ownership of shares held by AH Fund Entities except to the extent of his pecuniary interest.
• The shares are held by AH Parallel Fund IV, L.P. and Andreessen Horowitz Fund IV, L.P., with AH Equity Partners IV (Parallel), L.L.C. and AH Equity Partners IV, L.L.C. holding sole voting and dispositive power respectively.
• Following the reported transactions, Mr. Jordan directly owns 20,783 shares of common stock.
• Indirectly, he beneficially owns 2,356,549 shares through AH Parallel Fund IV, L.P., 3,247,574 shares through Andreessen Horowitz Fund IV, L.P., and 88,922 shares through a Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a distribution of shares, which is neither inherently positive nor negative.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The distribution of shares may have a minor impact on shareholders due to the change in ownership structure, but the impact is likely minimal as it is an in-kind distribution to existing partners or members.

Key Dates