Form 4: Ravi Gupta Reports Pro Rata Distribution of Maplebear Inc. (CART) Shares

Ravi Gupta, a director and 10% owner of Maplebear Inc. (CART), reported a pro rata distribution of common stock to partners or members of distributing funds on August 30, 2024.

Summary

• On August 30, 2024, Ravi Gupta, a director and 10% owner of Maplebear Inc. (CART), reported a transaction involving the distribution of common stock.
• The transaction involved a pro rata distribution of common stock to partners or members of the applicable distributing fund for no consideration.
• The reported transaction includes subsequent distributions by general partners or managing members to their respective partners or members.
• The reporting person disclaims beneficial ownership of the securities included in this report except to the extent of his pecuniary interest therein.
• The reporting person indirectly owns shares through various Sequoia Capital funds and entities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

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

Stakeholder Impact

• The pro rata distribution may have a minor impact on shareholders due to the redistribution of shares among existing investors within the Sequoia Capital funds.

Key Dates