Form 4: Maplebear Inc. Executive Alan Ramsay Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Alan Ramsay, Chief Accounting Officer of Maplebear Inc. (CART), sold 12,113 shares of common stock on April 1, 2024, at a weighted average price of $37.2045 per share, according to a Form 4 filing with the SEC.
Summary
- On April 1, 2024, Alan Ramsay, the Chief Accounting Officer of Maplebear Inc. (CART), sold 12,113 shares of common stock.
- The sale was executed at a weighted average price of $37.2045 per share.
- The prices for individual transactions ranged from $36.82 to $37.61 per share.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 5, 2023.
- Following the transaction, Ramsay directly owns 102,092 shares of Maplebear Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock sales by an executive, which is neutral in 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 have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates this.
Key Dates
| Date | Description |
|---|---|
| 2023-12-05 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-04-01 | Date of stock sale transaction |
| 2024-04-03 | Date of filing |
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