Maplebear Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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Item 9B. Other Information
During the quarter ended December 31, 2024, our directors and officers (as defined in Rule 16a-1(f) under the Exchange Act)adopted orterminated the Rule 10b5-1 trading arrangements (as defined in Item 408(a) of Regulation S-K) described below:
On November 15, 2024, Morgan Fong, our General Counsel, terminated a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) initially adopted on November 21, 2023 that provided for the sale of up to (a) 483,688 shares of our common stock and (b) a number of shares of our common stock to satisfy tax withholding obligations arising from the exercise of up to 40,000 stock options. Subsequently on November 26, 2024, Mr. Fong adopted a new trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Mr. Fong’s trading arrangement provides for the sale through December 22, 2025 of (i) up to 18,998 shares of our common stock and (ii) up to 76,765 shares of our common stock subject to restricted stock units previously awarded to Mr. Fong that may vest and be released to him on or prior to December 22, 2025. The actual number of shares of our common stock that will be released to Mr. Fong upon the vesting of restricted stock units will be reduced by the number of shares withheld by us to satisfy tax withholding obligations arising from the vesting of such restricted stock units and is not yet determinable.
On November 20, 2024, Fidji Simo, our Chief Executive Officer, President, and Chair of our board of directors, adopted a trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). Ms. Simo’s trading arrangement provides for the sale through March 2, 2026 of up to 244,000 shares of our common stock.
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