Form 4: Sequoia Capital Funds Distribute Maplebear Inc. (CART) Shares to Partners

Sequoia Capital funds distributed Maplebear Inc. (CART) common stock to their partners on August 30, 2024, resulting in adjustments to their beneficial ownership.

Summary

• On August 30, 2024, several Sequoia Capital funds distributed Maplebear Inc. (CART) common stock to their partners or members.
• The distributions were pro rata and made for no consideration.
• These distributions resulted in changes to the amount of securities beneficially owned by the reporting persons following the reported transactions.
• The reporting persons include SC US (TTGP), LTD., Sequoia Capital Global Growth Fund II, L.P., Sequoia Capital Global Growth II Principals Fund, L.P., SC Global Growth II Management, L.P., SCGGF III U.S./India Management, L.P., Sequoia Capital Global Growth Fund III Endurance Partners, L.P., SCGGF III Endurance Partners Management, L.P., Sequoia Capital U.S. Venture Fund XIV, L.P., SC U.S. Venture XIV Management, L.P., and Sequoia Capital U.S. Venture Partners Fund XIV, L.P..
• The form indicates both direct and indirect ownership of common stock.
• The price per share for these distributions is listed as $0.
• The distributions are related to multiple Sequoia Capital funds, including venture, growth, and global growth funds.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock distributions, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market regarding the holdings and transactions of major shareholders and company executives.

Stakeholder Impact

• The distribution of shares may have a minor impact on the shareholder base.
• The filing provides transparency to shareholders regarding the ownership structure of the company.

Key Dates