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 26, 2024, resulting in adjustments to their beneficial ownership.

Summary

• On August 26, 2024, several Sequoia Capital funds distributed Maplebear Inc. (CART) common stock to their partners or members.
• These distributions were pro rata and made for no consideration.
• The distributions also included subsequent distributions by general partners or managing members to their respective partners or members, and in certain cases, contributions by such partners or members to the applicable recipient fund.
• The reporting entities 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 filing details the indirect beneficial ownership of common stock by various Sequoia Capital entities.
• Roelof Botha is a Director of SC US (TTGP), Ltd. and Sequoia Capital Global Growth II Management, L.P. and a person who exercises voting and investment discretion with respect to the GGF II Funds, GGF III, and GGF III US IND MGMT.
• Jung Yeon Son signed the document by power of attorney for Roelof Botha.

Sentiment

Score: 5

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

Industry Context

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

Stakeholder Impact

• The distribution of shares may have a minor impact on the shareholder base of Maplebear Inc. (CART).

Key Dates