Maplebear Inc. Files 8-K for Other Events

TL;DR

Maplebear Inc. filed a routine 8-K on June 6th for an event on June 2nd, likely administrative.

AI Summary

Maplebear Inc. filed an 8-K on June 6, 2024, reporting an event that occurred on June 2, 2024. The filing is categorized under 'Other Events' and does not specify any material agreements, acquisitions, or executive changes, suggesting a routine or administrative update.

Why It Matters

This 8-K filing indicates a regulatory update from Maplebear Inc., which may contain information relevant to investors regarding the company's operational status or minor disclosures.

Risk Assessment

Risk Level: low — The filing is categorized as 'Other Events' and lacks details on significant financial or operational changes, suggesting a low immediate risk.

Key Players & Entities

• Maplebear Inc. (company) — Registrant
• June 2, 2024 (date) — Date of earliest event reported
• June 6, 2024 (date) — Date of report
• 50 Beale Street, Suite 600 (address) — Principal executive offices
• San Francisco, California 94105 (address) — Principal executive offices
• (888) 246-7822 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.0001 — ich registered Common Stock, par value $0.0001 per share CART Nasdaq Global Select Mar
• $500 million — ation to purchase up to an aggregate of $500 million of the Company's common stock (the " Sh
• $1 billion — ization, no capacity remained under the $1 billion share repurchase program previously aut

Filing Documents

• cart-20240602.htm (8-K) — 34KB
• 0001579091-24-000074.txt ( ) — 160KB
• cart-20240602.xsd (EX-101.SCH) — 2KB
• cart-20240602_lab.xml (EX-101.LAB) — 22KB
• cart-20240602_pre.xml (EX-101.PRE) — 13KB
• cart-20240602_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On June 2, 2024, the Board of Directors (the " Board ") of Maplebear Inc. (the " Company ") approved a share repurchase program with authorization to purchase up to an aggregate of $500 million of the Company's common stock (the " Share Repurchase Program "). At the time of the authorization, no capacity remained under the $1 billion share repurchase program previously authorized by the Board in November 2023 and February 2024, which program resulted in the repurchase of approximately 34 million shares. The Share Repurchase Program has no expiration date. Repurchases under the Share Repurchase Program may be made from time to time through open market repurchases or through privately negotiated transactions subject to market conditions, applicable legal requirements, and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of shares of common stock under this authorization. The Company is not obligated under the Share Repurchase Program to acquire any particular amount of common stock, and the Company may terminate or suspend the Share Repurchase Program at any time. The timing and actual number of shares repurchased may depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. * * *

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including without limitation statements regarding potential repurchases under the Share Repurchase Program. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "toward," "will," or "would," or the negative of these words or other similar terms or expressions. These forward-looking statements are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions, and other factors include, but are not limited to, those related to our ability to achieve or maintain profitability and profitable growth; our ability to effectively manage the increasing scale, scope, and complexity of our business; our ability to operate our business and effectively manage our growth and margins under evolving and uncertain macroeconomic conditions; the impact of weather patterns; anticipated trends, growth rates, and challenges in our business, industry, and the markets in which we operate; our ability to attract and increase engagement of customers and shoppers; our ability to maintain and expand our relationships with retailers and advertisers; legal and governmental proceedings, new or changes to laws and regulations, and other regulatory matters and developments, particularly with respect to the classification of shoppers on our platform; competition in our markets; our ability to expand our offerings to existing o

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Maplebear Inc. Date: June 6, 2024 By: /s/ Emily Reuter Emily Reuter Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR