Form 4: Sequoia Capital Funds Distribute Maplebear (Instacart) Shares to Partners

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

Summary

• On August 30, 2024, several Sequoia Capital funds distributed Maplebear Inc. (Instacart) common stock to their partners or members.
• These distributions were pro rata and made without consideration.
• The distributions resulted in changes to the amount of securities beneficially owned by the reporting persons following the reported transactions.
• The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest therein.
• The filing involves multiple entities including SC US (TTGP), Ltd., Sequoia Capital USV XIV Holdco, Ltd., Sequoia Capital U.S. Growth Fund VI, L.P., Sequoia Capital U.S. Growth VI Principals Fund, L.P., Sequoia Grove II, LLC, Sequoia Capital Fund, LP, Sequoia Capital Fund Parallel, LLC, and others.
• The distributions are reported under Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing a distribution of shares. It doesn't contain any particularly positive or negative news, but reflects the ongoing evolution of Instacart's ownership structure post-IPO.

Industry Context

This filing reflects ongoing adjustments in the ownership structure of Instacart following its IPO, as early investors like Sequoia Capital distribute shares to their limited partners.

Stakeholder Impact

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

Key Dates