Form 4: Maplebear Inc. Executive Alan Ramsay Sells Shares Under 10b5-1 Trading Plan

Alan Ramsay, Chief Accounting Officer of Maplebear Inc., sold 2,550 shares of common stock at an average price of $33.8593 on June 20, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On June 20, 2024, Alan Ramsay, the Chief Accounting Officer of Maplebear Inc. (CART), sold 2,550 shares of the company's common stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 5, 2023.
• The shares were sold at a weighted average price of $33.8593, with individual transaction prices ranging from $33.63 to $33.98 per share.
• Following the transaction, Ramsay directly owns 110,536 shares of Maplebear Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an executive's stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates