Maplebear Inc. (CART) large Sequoia holder makes 6.1M-share in-kind distribution
Rhea-AI Filing Summary
Maplebear Inc. major shareholder entities associated with Sequoia reported an internal restructuring of their Common Stock holdings. On 2026-08-10, Sequoia Capital Fund, LP and Sequoia Capital Fund Parallel, LLC made a pro rata in-kind distribution totaling 6,127,968 shares of Maplebear common stock to their partners or members for no consideration, as described in the footnotes. Following these dispositions, Sequoia Capital Fund, LP reported 15,007,977 shares held indirectly, and Sequoia Capital Fund Parallel, LLC reported 2,184,747 shares held indirectly, with additional indirect holdings reported by related Sequoia-managed funds and entities that may share voting and dispositive power, subject to the stated beneficial ownership disclaimers.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,127,968 shares
Net Sell
8 txns
Insider
SC US (TTGP), LTD., Sequoia Grove II, LLC, Sequoia Grove UK, L.P., SC US/E Expansion Fund I Management, L.P., Sequoia Capital US/E Expansion Fund I, L.P., Sequoia Grove Manager, LLC, Sequoia Capital Fund Management, L.P., Sequoia Capital Fund Parallel, LLC, Sequoia Capital Fund, L.P.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1, F2, F3 | 5,203,747 | $0.00 | $0.00 |
| Other | Common Stock F1, F2, F3 | 924,221 | $0.00 | $0.00 |
| holding | Common Stock F2, F3 | -- | -- | -- |
| holding | Common Stock F2, F3 | -- | -- | -- |
| holding | Common Stock F2, F3 | -- | -- | -- |
| holding | Common Stock F2, F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,007,977 shares (Indirect, Sequoia Capital Fund, LP);
Common Stock — 2,184,747 shares (Indirect, Sequoia Capital Fund Parallel, LLC);
Common Stock — 1,000,000 shares (Indirect, Sequoia Capital US/E Expansion Fund I, L.P.);
Common Stock — 2,150,331 shares (Indirect, SC US/E Expansion Fund I Management, L.P.);
Common Stock — 351,374 shares (Indirect, Sequoia Capital Global Growth Fund III - Endurance Partners, L.P.);
Common Stock — 1,217,532 shares (Indirect, SCGGF III - U.S./India Management, L.P.);
Common Stock — 84,108 shares (Indirect, Sequoia Grove II, LLC);
Common Stock — 1,389 shares (Indirect, Sequoia Grove UK, L.P.)
Footnotes (4)
- F1. Represents a pro rata in-kind distribution of shares of Common Stock of the Issuer to partners or members for no consideration and includes subsequent pro rata in-kind distributions by general partners or managing members to their respective partners or members for no consideration.
- F2. SC US (TTGP), Ltd. is (i) the general partner of SCGGF III - Endurance Partners Management, L.P., which is the general partner of Sequoia Capital Global Growth Fund III - Endurance Partners, L.P., or GGF III; (ii) the general partner of SCGGF III - U.S./India Management, L.P., or GGF III US IND MGMT; (iii) the general partner of SC US/E Expansion Fund I Management, L.P., which is the general partner of Sequoia Capital US/E Expansion Fund I, L.P., collectively, the EXP I Funds; (iv) the general partner of Sequoia Capital Fund Management, L.P., which is the general partner of Sequoia Capital Fund, LP, or SCF and the managing member of Sequoia Capital Fund Parallel, LLC, or SCFP, collectively, the SCF Funds.
- F3. (Continue from Footnote 2) As a result, SC US (TTGP), Ltd. may be deemed to share voting and dispositive power with respect to the shares held by GGF III, GGFIII US IND MGMT, the EXP I Funds and the SCF Funds. Each of such reporting persons disclaims beneficial ownership of the shares held by GGF III, GGFIII US IND MGMT, the EXP I Funds and the SCF Funds except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- F4. Sequoia Grove Manager, LLC is the manager of Sequoia Grove II, LLC and the general partner of Sequoia Grove UK, L.P. As a result, Sequoia Grove Manager, LLC may be deemed to share beneficial ownership with respect to the shares held by Sequoia Grove II, LLC and Sequoia Grove UK, L.P. Each of Sequoia Grove Manager, LLC, Sequoia Grove II, LLC and Sequoia Grove UK, L.P. disclaims beneficial ownership of the shares held by Sequoia Grove II, LLC or Sequoia Grove UK, L.P. except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
Key Figures
Total shares in restructuring: 6,127,968 shares
Sequoia Capital Fund distribution: 5,203,747 shares
Sequoia Capital Fund Parallel distribution: 924,221 shares
+5 more
8 metrics
Total shares in restructuring
6,127,968 shares
Aggregate shares in pro rata in-kind distributions classified as restructuring
Sequoia Capital Fund distribution
5,203,747 shares
Common Stock disposed of by Sequoia Capital Fund, LP on 2026-08-10
Sequoia Capital Fund Parallel distribution
924,221 shares
Common Stock disposed of by Sequoia Capital Fund Parallel, LLC on 2026-08-10
Sequoia Capital Fund post-transaction holdings
15,007,977 shares
Indirectly owned Common Stock following the 2026-08-10 transaction
Sequoia Capital Fund Parallel post-transaction holdings
2,184,747 shares
Indirectly owned Common Stock following the 2026-08-10 transaction
SC US/E Expansion Fund I post-transaction holdings
1,000,000 shares
Indirectly owned Common Stock reported as of 2026-08-10
SC US/E Expansion Fund I Management post-transaction
2,150,331 shares
Indirectly owned Common Stock reported as of 2026-08-10
Sequoia Capital Global Growth Fund III - Endurance Partners
351,374 shares
Indirectly owned Common Stock reported as of 2026-08-10
Key Terms
pro rata in-kind distribution, dispositive power, beneficial ownership, pecuniary interest, +1 more
5 terms
pro rata in-kind distribution financial
"Represents a pro rata in-kind distribution of shares of Common Stock"
dispositive power financial
"may be deemed to share voting and dispositive power with respect to the shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
beneficial ownership financial
"disclaims beneficial ownership of the shares held by GGF III"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of its pecuniary interest therein"
ten percent owner regulatory
"is_ten_percent_owner": 1"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Maplebear Inc. (CART) report on 2026-08-10?
Entities associated with Sequoia reported a pro rata in-kind distribution of Maplebear common stock totaling 6,127,968 shares to their partners or members for no consideration, classified as an internal restructuring transaction.
What was Sequoia Capital Fund Parallel, LLC’s Maplebear (CART) transaction and ending stake?
Sequoia Capital Fund Parallel, LLC reported an in-kind disposition of 924,221 shares of Maplebear common stock and reported 2,184,747 shares indirectly owned after the transaction as part of Sequoia-managed holdings.