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Maplebear Inc

For the period ended Mar 31, 2024. Filed May 10, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 10, 2024

CART$58.47+0.0%Stored close · as of Nov 10, 2026

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Unregistered Sales of Equity Securities and Use of Proceeds

The following table sets forth information relating to repurchases of our equity securities during thethree months ended March 31, 2024:

Total Number of Shares Purchased (1)(2) · Average Price Paid Per Share · Total Number of Shares Purchased as Part of Publicly Announced Program · Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program
(in thousands) · (in thousands) · (in millions)
January 1, 2024 to January 31, 2024358$23.81358$455
February 1, 2024 to February 29, 202422,850$27.62—22,838—$324
March 1, 2024 to March 31, 20242,209$34.102,209—$249
Total25,41725,405—

(1) In November 2023, our board of directors approved a share repurchase program with authorization to purchase up to an aggregate of $500 million of our common stock and in February 2024, our board of directors approved the repurchase of an additional $500 million of our common stock. The share repurchase program has no expiration date. In determining the authorization of the share repurchase program, including the amount authorized, our board of directors considered the trading price levels of our common stock, including relative to that of comparable companies, our cash position, and other relevant business, tax, and legal factors. Our board of directors also considered our profitability and positive operating cash flow in recent periods, which enable us to both engage in capital return and reinvest in our talent, technology, and long-term endeavors to drive more profitable growth and help our partners navigate the digital transformations of their businesses. As such, our board of directors believes that these factors will allow us to generate more value for our stockholders over the long term. For more information regarding the risks associated with our share repurchase program, see the section titled “Risk Factors—Risks Related to Ownership of Our Common Stock—We may not realize the anticipated long-term stockholder value of our share repurchase program, and any failure to repurchase our common stock after we have announced our intention to do so may negatively impact our stock price.”

(2) Shares repurchased includes shares repurchased and cancelled to satisfy withholding tax obligations related to the vesting of certain restricted stock.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.