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Sequoia reshuffles Maplebear (CART) stake across its funds

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Sequoia-affiliated investment entities reported updated ownership of Maplebear Inc. (CART) common stock in an amendment to their Schedule 13D. Collectively, the reporting persons may be deemed to beneficially own 18,596,961 shares, or 8.0% of Maplebear’s 231,500,067 shares outstanding as of July 31, 2026, calculated under Rule 13d-3. The amendment reflects a pro rata in-kind distribution of Maplebear shares by Sequoia Capital Fund, L.P. (SCF) and Sequoia Capital Fund Parallel, LLC (SCFP) to their partners or members for no consideration, and subsequent related distributions by their general partners or managers. The Sequoia entities describe complex control relationships among funds and management vehicles and state that each reporting person disclaims beneficial ownership of shares except to the extent it actually exercises voting or dispositive power.

Positive

  • None.

Negative

  • None.
Shares outstanding 231,500,067 shares Maplebear common stock outstanding as of July 31, 2026
Aggregate Sequoia group holdings 18,596,961 shares Shares of Maplebear common stock that may be deemed beneficially owned by all reporting persons; 8.0% of outstanding
Aggregate Sequoia group percentage 8.0% Portion of Maplebear common stock beneficially owned by SC US (TTGP), Ltd. and related entities
SCF holdings 12,114,227 shares Common stock beneficially owned by Sequoia Capital Fund, L.P.; 5.2% of outstanding
SCFP holdings 1,763,497 shares Common stock beneficially owned by Sequoia Capital Fund Parallel, LLC; 0.8% of outstanding
Sequoia Capital Fund Management aggregate 13,877,724 shares Shares it may be deemed to beneficially own as GP of SCF and manager of SCFP; 6.0% of outstanding
SC US/E Expansion Fund I holdings 1,000,000 shares Common stock beneficially owned by SC US/E Expansion Fund I; 0.4% of outstanding
SCGGF III - U.S./India Management holdings 1,217,532 shares Common stock beneficially owned by SCGGF III - U.S./India Management; 0.5% of outstanding
Schedule 13D regulatory
"The Reporting Persons are filing this Amendment No. 9 to reflect..."
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially own financial
"The Reporting Persons may be deemed to beneficially own an aggregate of 18,596,961 shares..."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Rule 13d-3 regulatory
"calculated in accordance with the requirements of Rule 13d-3 under the Act."
Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.
pro rata in-kind distribution financial
"to reflect a pro rata in-kind shares distribution of Common Stock of the Company..."
dispositive power financial
"Each Reporting Person expressly disclaims beneficial ownership...voting or dispositive power..."
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.
group for purposes of Rule 13(d)(3) regulatory
"may be deemed to constitute a "group" for purposes of Rule 13(d)(3) of the Act."

FAQ

What percentage of Maplebear Inc. (CART) does the Sequoia group report owning in this Schedule 13D/A?

The Sequoia reporting persons may be deemed to beneficially own 18,596,961 shares of Maplebear Inc., representing approximately 8.0% of the company’s 231,500,067 outstanding common shares as of July 31, 2026, calculated in accordance with Rule 13d-3.

What triggered this Amendment No. 9 to Sequoia’s Schedule 13D for Maplebear Inc. (CART)?

Amendment No. 9 was filed to reflect a pro rata in-kind distribution of Maplebear common stock by SCF and SCFP to their partners or members for no consideration, and related subsequent distributions by their general partners or managing members on August 13, 2026.

How many Maplebear (CART) shares does Sequoia Capital Fund, L.P. report beneficially owning?

Sequoia Capital Fund, L.P. (SCF) reports beneficial ownership of 12,114,227 shares of Maplebear common stock, representing approximately 5.2% of the outstanding common stock, based on 231,500,067 shares outstanding as of July 31, 2026.

Which Sequoia entity is reported as potentially controlling the full 8.0% stake in Maplebear Inc. (CART)?

SC US (TTGP), Ltd., as general partner of several Sequoia management entities, may be deemed to beneficially own an aggregate of 18,596,961 shares of Maplebear common stock, representing approximately 8.0% of the company’s outstanding shares under Rule 13d-3.

Did the Sequoia reporting persons report any Maplebear (CART) stock transactions other than the distributions?

They state that, except for the pro rata in-kind distributions described, the reporting persons have not effected any transactions in Maplebear common stock since Amendment No. 8, which was filed on August 12, 2026.

Do the Sequoia entities claim full beneficial ownership of all Maplebear (CART) shares reported?

No. While they may be deemed a “group” under Rule 13d-3, each reporting person expressly disclaims beneficial ownership of any securities reported except to the extent it actually exercises voting or dispositive power over such shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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565394103

(CUSIP Number)
Jung Yeon Son
2800 Sand Hill Road, Suite 101
Menlo Park, CA, 94025
(650) 854-3927

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/13/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13. Based on a total of 231,500,067 shares of common stock as of July 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13. Based on a total of 231,500,067 shares of common stock as of July 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 8, 10 and 11. Includes 2,150,331 shares directly owned by SC US/E EXPANSION FUND I MGMT and 1,000,000 shares directly owned by SC US/E EXPANSION FUND I. The general partner of SC US/E EXPANSION FUND I is SC US/E EXPANSION FUND I MGMT. Row 13. Based on a total of 231,500,067 shares of common stock as of July 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13. Based on a total of 231,500,067 shares of common stock as of July 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 8, 10 and 11. Includes 351,374 shares directly owned by SC GGF III. The general partner of SC GGF III is SC GGF III MGMT. Row 13. Based on a total of 231,500,067 shares of common stock as of July 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13. Based on a total of 231,500,067 shares of common stock as of July 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 13. Based on a total of 231,500,067 shares of common stock as of July 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 8, 10 and 11. Includes 1,763,497 shares directly owned by SCFP and 12,114,227 shares directly owned by SCF. SEQUOIA CAPITAL FUND MANAGEMENT is the general partner of SCF and the manager of SCFP. Row 13. Based on a total of 231,500,067 shares of common stock as of July 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Row 8, 10 and 11. Includes 1,217,532 shares directly owned by SCGGF III - U.S./INDIA MANAGEMENT, 351,374 shares directly owned by SC GGF III, 1,000,000 shares directly owned by SC US/E EXPANSION FUND I, 2,150,331 shares directly owned by SC US/E EXPANSION FUND I MGMT, 1,763,497 shares directly owned by SCFP and 12,114,227 shares directly owned by SCF. The general partner of SC GGF III is SC GGF III MGMT. The general partner of SC US/E EXPANSION FUND I is SC US/E EXPANSION FUND I MGMT. The general partner of SCF and the manager of SCFP is SEQUOIA CAPITAL FUND MANAGEMENT. SC US (TTGP) is the general partner of SCGGF III- U.S./INDIA MANAGEMENT, SC GGF III MGMT, SC US/E EXPANSION FUND I MGMT and SEQUOIA CAPITAL FUND MANAGEMENT. Row 13. Based on a total of 231,500,067 shares of common stock as of July 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2026.


SCHEDULE 13D


SEQUOIA CAPITAL GLOBAL GROWTH FUND III - ENDURANCE PARTNERS, L.P. ("SC GGF III")
Signature:/s/ Jung Yeon Son
Name/Title:Jung Yeon Son, Authorized Signatory
Date:08/17/2026
SEQUOIA CAPITAL US/E EXPANSION FUND I, L.P. ("SC US/E EXPANSION FUND I")
Signature:/s/ Jung Yeon Son
Name/Title:Jung Yeon Son, Authorized Signatory
Date:08/17/2026
SEQUOIA CAPITAL US/E EXPANSION FUND I MANAGEMENT, L.P. ("SC US/E EXPANSION FUND I MGMT")
Signature:/s/ Jung Yeon Son
Name/Title:Jung Yeon Son, Authorized Signatory
Date:08/17/2026
SCGGF III - U.S./INDIA MANAGEMENT, L.P. ("SCGGF III - U.S./INDIA MANAGEMENT")
Signature:/s/ Jung Yeon Son
Name/Title:Jung Yeon Son, Authorized Signatory
Date:08/17/2026
SEQUOIA CAPITAL GLOBAL GROWTH FUND III - ENDURANCE PARTNERS MANAGEMENT, L.P. ("SC GGF III MGMT")
Signature:/s/ Jung Yeon Son
Name/Title:Jung Yeon Son, Authorized Signatory
Date:08/17/2026
SEQUOIA CAPITAL FUND PARALLEL, LLC ("SCFP")
Signature:/s/ Jung Yeon Son
Name/Title:Jung Yeon Son, Authorized Signatory
Date:08/17/2026
SEQUOIA CAPITAL FUND, L.P. ("SCF")
Signature:/s/ Jung Yeon Son
Name/Title:Jung Yeon Son, Authorized Signatory
Date:08/17/2026
SEQUOIA CAPITAL FUND MANAGEMENT, L.P. ("SEQUOIA CAPITAL FUND MANAGEMENT")
Signature:/s/ Jung Yeon Son
Name/Title:Jung Yeon Son, Authorized Signatory
Date:08/17/2026
SC US (TTGP), LTD. ("SC US (TTGP)")
Signature:/s/ Jung Yeon Son
Name/Title:Jung Yeon Son, Authorized Signatory
Date:08/17/2026