Form 4: Ravi Gupta Reports In-Kind Distribution of Maplebear Inc. (CART) Shares

Ravi Gupta, a director and 10% owner of Maplebear Inc. (CART), reported an in-kind distribution of shares to partners or members across various Sequoia Capital funds.

Summary

• On August 26, 2024, Ravi Gupta reported a transaction involving Maplebear Inc. (CART) common stock.
• The transaction involved a pro rata in-kind distribution of shares to partners or members for no consideration.
• Gupta's direct holdings decreased by 10,290,607 shares.
• Gupta's indirect holdings through Sequoia Capital USV XIV Holdco, Ltd. increased to 15,435,912 shares.
• Indirect holdings through Sequoia Capital U.S. Growth Fund VI, L.P. increased to 2,846,524 shares.
• Indirect holdings through Sequoia Capital U.S. Growth VI Principals Fund, L.P. increased to 184,808 shares.
• Indirect holdings through Sequoia Grove II, LLC increased to 8,204,583 shares.
• Indirect holdings through Sequoia Capital Fund, LP increased to 8,084,687 shares.
• Indirect holdings through Sequoia Capital Fund Parallel, LLC increased to 1,243,586 shares.
• The reporting person disclaims beneficial ownership of the securities included in this report except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.

Stakeholder Impact

• The in-kind distribution of shares may have a minor impact on shareholders due to the change in ownership percentages among the Sequoia Capital funds.

Key Dates