Sequoia Capital Entities Amend Maplebear Inc. Filing
Ticker: CART · Form: SC 13D/A · Filed: Aug 13, 2024 · CIK: 1579091
| Field | Detail |
|---|---|
| Company | Maplebear INC. (CART) |
| Form Type | SC 13D/A |
| Filed Date | Aug 13, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 13d-amendment, ownership-change
TL;DR
Sequoia Capital entities updated their Maplebear Inc. filing. Big changes possible.
AI Summary
On August 13, 2024, Maplebear Inc. filed an SC 13D/A amendment. This filing involves several entities managed by Sequoia Capital, including SC Global Growth II Management, L.P., and SC U.S. Growth VI Management, L.P., among others. The filing indicates a change in beneficial ownership or control related to Maplebear Inc.
Why It Matters
This amendment to a Schedule 13D filing by Sequoia Capital entities signals a potential shift in significant ownership or control of Maplebear Inc., which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — Amendments to 13D filings often indicate significant changes in a major shareholder's stake or intentions, which can lead to increased volatility.
Key Players & Entities
- Maplebear Inc. (company) — Subject Company
- Sequoia Capital Global Growth Fund II, L.P. (company) — Reporting Person Group Member
- SC Global Growth II Management, L.P. (company) — Reporting Person Group Member
- Douglas Leone (person) — Reporting Person Group Member
- Roelof Botha (person) — Reporting Person Group Member
FAQ
What specific change in beneficial ownership is being reported by the Sequoia Capital entities for Maplebear Inc.?
The filing is an amendment to a Schedule 13D, indicating a change in the reporting of beneficial ownership, but the specific details of the change (e.g., percentage increase/decrease, number of shares) are not provided in this header information.
When was the most recent change in beneficial ownership or control reported for Maplebear Inc. by these entities?
The 'DATE AS OF CHANGE' is listed as 20240813, indicating the change or update occurred on August 13, 2024.
Which specific Sequoia Capital management entities are listed as group members in this filing?
The filing lists SC Global Growth II Management, L.P., SC U.S. Growth VI Management, L.P., SC U.S. Growth VII Management, L.P., SC U.S. Venture XIV Management, L.P., SCGGF III U.S. /INDIA MANAGEMENT, L.P., and others.
What is the primary business of Maplebear Inc. according to the filing?
Maplebear Inc. is classified under Standard Industrial Classification 7389, which is SERVICES-BUSINESS SERVICES, NEC.
What is the SEC file number associated with this SC 13D/A filing?
The SEC file number for this filing is 005-94401.
Filing Stats: 4,768 words · 19 min read · ~16 pages · Grade level 6.1 · Accepted 2024-08-13 20:59:26
Key Financial Figures
- $0.00001 — suer) Class A Common Stock, par value $0.00001 per share (Title of Class of Securiti
Filing Documents
- d883866dsc13da.htm (SC 13D/A) — 377KB
- 0001193125-24-199995.txt ( ) — 380KB
From the Filing
SC 13D/A 1 d883866dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* Maplebear Inc. (Name of Issuer) Class A Common Stock, par value $0.00001 per share (Title of Class of Securities) 565394103** (CUSIP Number) SC US (TTGP), Ltd. 2800 Sand Hill Road Suite 101 Menlo Park, CA 94025 Attention: Roelof Botha Telephone: (650) 854-3927 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) with copies to: Craig Marcus Ropes & Gray LLP 800 Boylston Street Boston, Massachusetts 02199 (617) 951-7802 August 9, 2024 (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. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. ** This CUSIP number applies to the Issuers Class A Common Stock. 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). 1. Names of Reporting Persons. SEQUOIA CAPITAL USV XIV HOLDCO, LTD. (SEQUOIA CAPITAL USV XIV HOLDCO) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) PN 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 25,726,519 9. Sole Dispositive Power 0 10. Shared Dispositive Power 25,726,519 11. Aggregate Amount Beneficially Owned by Each Reporting Person 25,726,519 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 9.9% 1 14. Type of Reporting Person (See Instructions) OO 1 Based on a total of 260,804,661 shares of Class A common stock as of July 31, 2024, as reported in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2024. 1. Names of Reporting Persons. SEQUOIA CAPITAL U.S. GROWTH FUND VI, L.P. (SEQUOIA CAPITAL U.S. GROWTH FUND VI) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) PN 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 4,744,206 9. Sole Dispositive Power 0 10. Shared Dispositive Power 4,744,206 11. Aggregate Amount Beneficially Owned by Each Reporting Person 4,744,206 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 1.8% 1 14. Type of Reporting Person (See Instructions) PN 1 Based on a total of 260,804,661 shares of Class A common stock as of July 31, 2024, as reported in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2024. 1. Names of Reporting Persons. SEQUOIA CAPITAL U.S. GROWTH VI PRINCIPALS FUND, L.P. (SEQUOIA CAPITAL U.S. GROWTH VI PRINCIPALS FUND) 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) PN 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 0 8. Shared Voting Power 308,013 9. Sole Dispositive Power 0 10. Shared Dispositive Power 308,013 11. Aggregate Amount Beneficially Owned by Each Reporting Person 308,013 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amo