Maplebear (CART) 10% Owner Distributes 6.13M Shares (In‑Kind)

What Happened

• SC US (TTGP), Ltd., a 10% owner of Maplebear Inc. (CART), reported two non‑cash dispositions on 2026-08-10: 5,203,747 shares and 924,221 shares were distributed for $0.00 (total 6,127,968 shares; no cash proceeds). The transactions are reported as code “J” — an in‑kind pro rata distribution of common stock to partners/members.

Key Details

• Transaction dates: 2026-08-10 (reported on Form 4 filed 2026-08-12). Filing appears timely (two business days after the transactions).
• Prices/values: $0.00 per share (in‑kind distribution); total cash proceeds = $0.
• Shares owned after transaction: not specified in the provided report excerpt.
• Footnotes: F1 explains these were pro rata in‑kind, no‑consideration distributions; F2–F4 describe SC US (TTGP), Ltd.’s role as general partner/manager of various Sequoia entities and the related disclaimers of beneficial ownership.
• Remarks: This is Form 2 of 2 (part of a multi‑form filing).

Context

• This was an institutional reallocation/distribution, not an open‑market sale or insider cashing out. In‑kind distributions transfer legal/title to underlying partners rather than indicate a traditional sale — they do not by themselves signal insider market sentiment.
• As a reported 10% owner and general partner for several funds, SC US (TTGP), Ltd. may be deemed to share voting/dispositive power over these shares, but related entities disclaim beneficial ownership except to the extent of pecuniary interest.