Form 4: Maplebear Inc. Executive Alan Ramsay Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Chief Accounting Officer Alan Ramsay of Maplebear Inc. (CART) sold 12,113 shares of common stock on March 8, 2024, at an average price of $34.3313, according to a Form 4 filing with the SEC.
Summary
- Alan Ramsay, Chief Accounting Officer of Maplebear Inc. (CART), reported a transaction on March 8, 2024, involving the sale of 12,113 shares of common stock.
- The sale was executed at a weighted average price of $34.3313 per share, with individual transactions ranging from $33.92 to $34.59.
- Following the transaction, Ramsay directly owns 114,205 shares of Maplebear Inc.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 5, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider 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 utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 2023/12/05 | Date of adoption of Rule 10b5-1 trading plan |
| 2024/03/08 | Date of transaction (stock sale) |
| 2024/03/12 | Date of signature on the Form 4 filing |
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