Sarafan Lily 4
Research Summary
AI-generated summary
Maplebear (CART) Director Lily Sarafan Receives 6,048-Share Award
What Happened
Lily Sarafan, a director of Maplebear Inc. (CART), was granted 6,048 restricted stock units (RSUs) on May 22, 2026. The Form 4 reports the acquisition price as $0 (code A — award/grant). These RSUs do not represent vested shares yet and will convert to common stock only if/when they vest.
Key Details
- Transaction date: 2026-05-22; Filing date: 2026-05-27. The filing appears to be after the typical 2-business-day Form 4 window.
- Transaction type/code: A (award/grant).
- Shares/units granted: 6,048 RSUs; reported acquisition price: $0; aggregate reported value: $0.
- Shares owned after transaction: Not specified in the filing.
- Footnote: The RSUs vest in full on the earlier of (i) the issuer's next annual meeting of stockholders (or immediately before that meeting if the director's service ends due to not being re-elected or not standing) or (ii) the one-year anniversary of the grant date, in each case subject to the director's continued service through that date.
Context
This was an equity compensation grant (an award), not a purchase or sale. Awards like RSUs are common for directors as part of compensation and do not, by themselves, indicate buying or selling sentiment. The key items for investors are the vesting schedule and whether/when the RSUs convert to tradable shares.