CART · Maplebear Inc

Maplebear Inc. (CART) filed an 8-K reporting that a holder converted all 5,833,333 shares of Series A Convertible Preferred Stock into an equal number of common shares. The conversion was exempt from registration under Section 3(a)(9) and the shares are subject to a 35-day transfer restriction. Following the conversion, no Series A Preferred Stock remains outstanding, and the company filed a Certificate of Elimination to remove the series designation from its charter. This is a routine capital structure cleanup with no new cash raised and no material impact on the company's operations or financial position.

• Holder converted all 5,833,333 shares of Series A Convertible Preferred Stock into 5,833,333 shares of common stock on September 21, 2026.
• The conversion was exempt from registration under Section 3(a)(9) of the Securities Act.
• Issued common shares cannot be transferred or disposed of for 35 days after issuance.
• No shares of Series A Preferred Stock remain outstanding following the conversion.