STOCK TITAN

Maplebear (CART): Sequoia funds shift holdings via in-kind stock distributions

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SC US (TTGP), Ltd. and affiliated Sequoia Capital funds reported pro rata in-kind distributions of Maplebear Inc. (CART) common stock to their partners and members for no consideration. The transactions, coded J, show dispositions of 5,203,747 shares held indirectly through Sequoia Capital Fund, LP and 924,221 shares held indirectly through Sequoia Capital Fund Parallel, LLC.

After these distributions on August 10, 2026, indirect holdings reported include 15,007,977 shares via Sequoia Capital Fund, LP and 2,184,747 shares via Sequoia Capital Fund Parallel, LLC, plus additional indirect positions such as 1,000,000 shares via Sequoia Capital US/E Expansion Fund I, L.P. and 2,150,331 shares via SC US/E Expansion Fund I Management, L.P. The filing notes that the reporting persons may be deemed to share voting and dispositive power over these entities’ holdings but disclaim beneficial ownership beyond their pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider SC US (TTGP), LTD., Sequoia Capital Global Growth Fund III - Endurance Partners, L.P., SCGGF III - Endurance Partners Management, L.P., SCGGF III - U.S./India Management, L.P.
Role 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)
  1. 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.
  2. 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.
  3. 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.
  4. 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.
Shares distributed via Sequoia Capital Fund, LP 5,203,747 shares Pro rata in-kind distribution of CART common stock on August 10, 2026
Shares distributed via Sequoia Capital Fund Parallel, LLC 924,221 shares Pro rata in-kind distribution of CART common stock on August 10, 2026
Post-distribution holdings, Sequoia Capital Fund, LP 15,007,977 shares Indirect CART common stock position following August 10, 2026 transaction
Post-distribution holdings, Sequoia Capital Fund Parallel, LLC 2,184,747 shares Indirect CART common stock position following August 10, 2026 transaction
Holdings, Sequoia Capital US/E Expansion Fund I, L.P. 1,000,000 shares Indirect CART common stock holdings as of August 10, 2026
Holdings, SC US/E Expansion Fund I Management, L.P. 2,150,331 shares Indirect CART common stock holdings as of August 10, 2026
Holdings, Sequoia Grove II, LLC 84,108 shares Indirect CART common stock holdings as of August 10, 2026
Holdings, Sequoia Grove UK, L.P. 1,389 shares Indirect CART common stock holdings as of August 10, 2026
pro rata in-kind distribution financial
"Represents a pro rata in-kind distribution of shares of Common Stock"
voting and dispositive power financial
"may be deemed to share voting and dispositive power with respect to the shares"
disclaims beneficial ownership financial
"disclaims beneficial ownership of the shares held by GGF III, GGFIII US IND MGMT"
pecuniary interest financial
"except to the extent of its pecuniary interest therein"
ten percent owner regulatory
"is_ten_percent_owner": 1"

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FAQ

How many Maplebear (CART) shares were distributed by Sequoia Capital Fund entities?

On August 10, 2026, Sequoia Capital Fund, LP distributed 5,203,747 CART shares and Sequoia Capital Fund Parallel, LLC distributed 924,221 shares. Both were reported as pro rata in-kind distributions to partners or members for no consideration.

What are the post-transaction CART holdings of Sequoia Capital Fund and its parallel fund?

After the August 10, 2026 distributions, Sequoia Capital Fund, LP reported 15,007,977 CART shares and Sequoia Capital Fund Parallel, LLC reported 2,184,747 shares. These are held indirectly by the reporting persons through the referenced entities.

Do the Sequoia reporting persons claim full beneficial ownership of their CART holdings?

No. The filing states SC US (TTGP), Ltd. and related entities may be deemed to share voting and dispositive power but disclaim beneficial ownership of CART shares beyond their pecuniary interest in the funds and entities holding the stock.

Were the CART distributions by Sequoia made under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox is not marked as using a plan for this Form 4. The transactions are described instead as pro rata in-kind distributions to partners and members, not as trades under a pre-arranged 10b5-1 plan.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SC US (TTGP), LTD.

(Last)(First)(Middle)
2800 SAND HILL ROAD, SUITE 101

(Street)
MENLO PARK CALIFORNIA 94025

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Maplebear Inc. [ CART ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/10/2026J(1)5,203,747D$015,007,977ISequoia Capital Fund, LP(2)(3)
Common Stock08/10/2026J(1)924,221D$02,184,747ISequoia Capital Fund Parallel, LLC(2)(3)
Common Stock1,000,000ISequoia Capital US/E Expansion Fund I, L.P.(2)(3)
Common Stock2,150,331ISC US/E Expansion Fund I Management, L.P.(2)(3)
Common Stock351,374ISequoia Capital Global Growth Fund III - Endurance Partners, L.P.(2)(3)
Common Stock1,217,532ISCGGF III - U.S./India Management, L.P.(2)(3)
Common Stock84,108ISequoia Grove II, LLC(4)
Common Stock1,389ISequoia Grove UK, L.P.(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
SC US (TTGP), LTD.

(Last)(First)(Middle)
2800 SAND HILL ROAD, SUITE 101

(Street)
MENLO PARK CALIFORNIA 94025

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Sequoia Capital Global Growth Fund III - Endurance Partners, L.P.

(Last)(First)(Middle)
2800 SAND HILL ROAD, SUITE 101

(Street)
MENLO PARK CALIFORNIA 94025

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
SCGGF III - Endurance Partners Management, L.P.

(Last)(First)(Middle)
2800 SAND HILL ROAD, SUITE 101

(Street)
MENLO PARK CALIFORNIA 94025

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
SCGGF III - U.S./India Management, L.P.

(Last)(First)(Middle)
2800 SAND HILL ROAD, SUITE 101

(Street)
MENLO PARK CALIFORNIA 94025

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. 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.
2. 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.
3. (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.
4. 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.
Remarks:
Form 2 of 2
By: /s/ Jung Yeon Son, authorized signatory of SC US (TTGP), Ltd.08/12/2026
By: /s/ Jung Yeon Son, authorized signatory of SC US (TTGP), Ltd., the General Partner of SCGGF III - Endurance Partners Management, L.P.08/12/2026
By: /s/ Jung Yeon Son, authorized signatory of SC US (TTGP), Ltd., the General Partner of SCGGF III - Endurance Partners Management, L.P., the General Partner of Sequoia Capital Global Growth Fund III - Endurance Partners, L.P.08/12/2026
By: /s/ Jung Yeon Son, authorized signatory of SC US (TTGP), Ltd., the General Partner of SCGGF III - U.S./India Management, L.P.08/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)