SEC Form 4: Grosvenor Capital Management, L.P. bought $189,810 worth of shares (6,327 units at $30.00) and sold $220,180 worth of shares (6,327 units at $34.80)

9/21/23 9:21:24 PM ET

$GCMG

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Grosvenor Capital Management, L.P.

(Last)

(First)

(Middle)

900 NORTH MICHIGAN AVENUE, SUITE 1100

(Street)

CHICAGO

60611

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Maplebear Inc. [ CART ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
See Explanation of Responses

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾⁽²⁾	09/19/2023		P		96	A	$30	96	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾
Common Stock⁽¹⁾⁽²⁾	09/19/2023		P		41	A	$30	137	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾
Common Stock⁽¹⁾⁽²⁾	09/19/2023		P		184	A	$30	321	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾
Common Stock⁽¹⁾⁽²⁾	09/19/2023		P		5,753	A	$30	6,074	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾
Common Stock⁽¹⁾⁽²⁾	09/19/2023		P		253	A	$30	6,327	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾
Common Stock⁽¹⁾⁽²⁾	09/19/2023		S		20	D	$41.7784	6,307	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾
Common Stock⁽¹⁾⁽²⁾	09/19/2023		S		46	D	$41.7784	6,261	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾
Common Stock⁽¹⁾⁽²⁾	09/19/2023		S		184	D	$42	6,077	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾
Common Stock⁽¹⁾⁽²⁾	09/19/2023		S		5,753	D	$34.207	324	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾
Common Stock⁽¹⁾⁽²⁾	09/19/2023		S		253	D	$42	71	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾
Common Stock⁽¹⁾⁽²⁾	09/20/2023		S		21	D	$32.0504	50	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾
Common Stock⁽¹⁾⁽²⁾	09/20/2023		S		50	D	$32.0504	0	I	By GCM Grosvenor Equity Opportunities Master Fund, L.P.⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

Grosvenor Capital Management, L.P.

(Last)

(First)

(Middle)

900 NORTH MICHIGAN AVENUE, SUITE 1100

(Street)

CHICAGO

60611

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

GCM Investments GP, LLC

(Last)

(First)

(Middle)

900 NORTH MICHIGAN AVE

SUITE 1100

(Street)

CHICAGO

60611

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Grosvenor Capital Management Holdings, LLLP

(Last)

(First)

(Middle)

900 NORTH MICHIGAN AVE

SUITE 1100

(Street)

CHICAGO

60611

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

GCM, L.L.C.

(Last)

(First)

(Middle)

900 NORTH MICHIGAN AVE

SUITE 1100

(Street)

CHICAGO

60611

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

GCM Grosvenor Holdings, LLC

(Last)

(First)

(Middle)

C/O GCM GROSVENOR INC.

900 NORTH MICHIGAN AVENUE, SUITE 1100

(Street)

CHICAGO

60611

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

GCM Grosvenor Inc.

(Last)

(First)

(Middle)

900 NORTH MICHIGAN AVENUE

SUITE 1100

(Street)

CHICAGO

60611

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

GCM V, LLC

(Last)

(First)

(Middle)

C/O GROSVENOR CAPITAL MANAGEMENT

900 NORTH MICHIGAN AVENUE, SUITE 1100

(Street)

CHICAGO

60611

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Sacks Michael Jay

(Last)

(First)

(Middle)

900 NORTH MICHIGAN AVENUE

SUITE 1100

(Street)

CHICAGO

60611

(City)

(State)

(Zip)

Explanation of Responses:

1. This Form 4 is filed jointly by GCM Grosvenor Equity Opportunities Master Fund, L.P. ("EOM"), Grosvenor Capital Management, L.P. ("Grosvenor Capital Management"), GCM Investments GP, LLC ("GCM GP"), Grosvenor Capital Management Holdings, LLLP ("Grosvenor Capital Holdings"), GCM, L.L.C., GCM Grosvenor Holdings, LLC ("GCM Holdings"), GCM Grosvenor Inc. ("GCM Grosvenor"), GCM V, L.L.C. ("GCM V") and Michael J. Sacks (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange Act") that may be deemed to collectively beneficially own over 10% of the Issuer's outstanding shares of Common Stock (the "Shares").

2. This filing shall not be deemed to be an affirmation that such a group exists for purposes of the Exchange Act or for any other purpose or that any such Reporting Person is a beneficial owner of securities of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

3. Securities owned directly by EOM. GCM GP, as the general partner of EOM, may be deemed to beneficially own such securities. Grosvenor Capital Holdings, as the sole member of GCM GP, may be deemed to beneficially own such securities. Grosvenor Capital Management, as the investment manager of EOM, may be deemed to beneficially own such securities. GCM, L.L.C., as general partner of Grosvenor Capital Management, may be deemed to beneficially own such securities. GCM Holdings, as the managing member of GCM, L.L.C., may be deemed to beneficially own such securities. GCM Grosvenor, as the sole member of GCM Holdings, may be deemed to beneficially own such securities. GCM V, as a shareholder of GCM Grosvenor, may be deemed to beneficially own such securities. Mr. Sacks, as managing member of GCM V, may be deemed to beneficially own such securities.

Remarks:

The Reporting Persons will disgorge any statutory "profits" resulting from the transactions reported herein pursuant to Section 16(b) of the Exchange Act to the Issuer in the amount of $30,369.83, representing the maximum amount of profits for which the Reporting Persons may be liable.

	GCM Grosvenor Equity Opportunities Master Fund, L.P., By: Grosvenor Capital Management, L.P., its investment manager, By: GCM, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory	09/21/2023
	Grosvenor Capital Management, L.P., By: GCM, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory	09/21/2023
	GCM Investments GP, LLC, By: Grosvenor Capital Management Holdings, LLLP, its sole member, By: /s/ Burke J. Montgomery, Authorized Signatory	09/21/2023
	Grosvenor Capital Management Holdings, LLLP, By: /s/ Burke J. Montgomery, Authorized Signatory	09/21/2023
	GCM, L.L.C., By: GCM Grosvenor Holdings, LLC, its managing member, By: /s/ Burke J. Montgomery, Authorized Signatory	09/21/2023
	GCM Grosvenor Holdings, LLC, By: GCM Grosvenor Inc., its sole member, By: /s/ Burke J. Montgomery, Authorized Signatory	09/21/2023
	GCM Grosvenor Inc., By: GCM V, L.L.C., its shareholder, By: /s/ Burke J. Montgomery, Authorized Signatory	09/21/2023
	GCM V, L.L.C., By: /s/ Burke J. Montgomery, Authorized Signatory	09/21/2023
	/s/ Michael J. Sacks	09/21/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Date	Price Target	Rating	Analyst
12/23/2024	$12.50 → $14.00	Neutral → Overweight	Piper Sandler
11/11/2024	$13.50 → $12.50	Buy → Hold	TD Cowen
2/16/2024	$9.50 → $10.00	Market Perform → Outperform	TD Cowen
1/4/2024	$9.50	Market Perform	TD Cowen
12/20/2023	$10.00	Neutral	Piper Sandler
4/5/2023	$10.00	Overweight	Piper Sandler
10/19/2022	$9.00	Outperform	Credit Suisse
9/7/2022	$10.00	Neutral	BofA Securities

SEC Form 4: Grosvenor Capital Management, L.P. bought $189,810 worth of shares (6,327 units at $30.00) and sold $220,180 worth of shares (6,327 units at $34.80)

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Recent Analyst Ratings for
$GCMG

$GCMG
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Investment Officer Pollock Frederick converted options into 25,000 shares and covered exercise/tax liability with 9,838 shares, increasing direct ownership by 2% to 669,076 units (SEC Form 4)

President Levin Jonathan Reisin converted options into 49,242 shares and covered exercise/tax liability with 22,303 shares, increasing direct ownership by 5% to 544,630 units (SEC Form 4)

Principal Accounting Officer Sullivan Kathleen Patricia covered exercise/tax liability with 10,908 shares and converted options into 24,621 shares, increasing direct ownership by 26% to 66,195 units (SEC Form 4)

SEC Form 4: Grosvenor Capital Management, L.P. bought $189,810 worth of shares (6,327 units at $30.00) and sold $220,180 worth of shares (6,327 units at $34.80)

Chat with this insight

Recent Analyst Ratings for $GCMG

$GCMG Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Investment Officer Pollock Frederick converted options into 25,000 shares and covered exercise/tax liability with 9,838 shares, increasing direct ownership by 2% to 669,076 units (SEC Form 4)

President Levin Jonathan Reisin converted options into 49,242 shares and covered exercise/tax liability with 22,303 shares, increasing direct ownership by 5% to 544,630 units (SEC Form 4)

Principal Accounting Officer Sullivan Kathleen Patricia covered exercise/tax liability with 10,908 shares and converted options into 24,621 shares, increasing direct ownership by 26% to 66,195 units (SEC Form 4)

Recent Analyst Ratings for
$GCMG

$GCMG
Insider Trading