Maplebear (CART): Sequoia funds shift holdings via in-kind stock distributions
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 Trade Summary
| 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 | -- | -- | -- |
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
Key Terms
pro rata in-kind distribution financial
voting and dispositive power financial
disclaims beneficial ownership financial
pecuniary interest financial
ten percent owner regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.