On September 21, 2026, Maplebear Inc. received notice from the holder of its Series A Convertible Preferred Stock to convert all outstanding shares into common stock. The holder converted 5,833,333 shares of Series A Preferred Stock into an equal number of shares of the Company’s common stock, par value $0.0001 per share. The conversion was executed in accordance with the Certificate of Designation of Series A Convertible Preferred Stock.
Following the conversion, the Company issued 5,833,333 shares of common stock to the holder. These newly issued shares are subject to a restriction prohibiting their transfer or disposition for a period of 35 days following issuance. The transaction was exempt from registration under Section 3(a)(9) of the Securities Act of 1933 because it involved an exchange of securities by an existing holder without the payment of commission or other remuneration.
Subsequently, on September 24, 2026, Maplebear filed a Certificate of Elimination with the Secretary of State of Delaware. This filing eliminated all provisions of the Certificate of Designation from the Company’s Amended and Restated Certificate of Incorporation. As a result, the previously designated Series A Preferred Stock shares have been returned to the authorized but undesignated shares of the Company’s preferred stock. No shares of Series A Convertible Preferred Stock remain outstanding following this action.
