Sec Form 3 Filing - Grosvenor Capital Management, L.P. @ Maplebear Inc. - 2023-09-18

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Grosvenor Capital Management, L.P.
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
(Last) (First) (Middle)
900 NORTH MICHIGAN AVE, SUITE 1100
3. Date of Earliest Transaction (MM/DD/YY)
09/18/2023
(Street)
CHICAGO, IL60611
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock ( 1 ) ( 2 ) 506,409 I By GCM Grosvenor IC SPV 2, LLC ( 3 ) ( 4 )
Non-Voting Common Stock ( 1 ) ( 2 ) 26,456 I By GCM Grosvenor IC SPV 2, LLC ( 3 ) ( 4 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Preferred Stock ( 1 ) ( 2 ) ( 7 ) ( 7 ) ( 7 ) Common Stock 1,167,115 I By GCM Grosvenor IC SPV, LLC ( 5 ) ( 6 )
Series F Preferred Stock ( 1 ) ( 2 ) ( 7 ) ( 7 ) ( 7 ) Common Stock 6,725,378 I By GCM Grosvenor IC SPV, LLC ( 5 ) ( 6 )
Series G Preferred Stock ( 1 ) ( 2 ) ( 7 ) ( 7 ) ( 7 ) Common Stock 519,838 I By GCM Grosvenor IC SPV 2, LLC ( 3 ) ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Grosvenor Capital Management, L.P.
900 NORTH MICHIGAN AVE
SUITE 1100
CHICAGO, IL60611
See Explanation of Responses
GCM Investments GP, LLC
900 NORTH MICHIGAN AVE
SUITE 1100
CHICAGO, IL60611
See Explanation of Responses
Grosvenor Capital Management Holdings, LLLP
900 NORTH MICHIGAN AVE
SUITE 1100
CHICAGO, IL60611
See Explanation of Responses
GCM, L.L.C.
900 NORTH MICHIGAN AVE
SUITE 1100
CHICAGO, IL60611
See Explanation of Responses
GCM Grosvenor Holdings, LLC
900 NORTH MICHIGAN AVE
SUITE 1100
CHICAGO, IL60611
See Explanation of Responses
GCM Grosvenor Inc.
900 NORTH MICHIGAN AVE
SUITE 1100
CHICAGO, IL60611
See Explanation of Responses
GCM V, LLC
900 NORTH MICHIGAN AVE
SUITE 1100
CHICAGO, IL60611
See Explanation of Responses
Sacks Michael Jay
900 NORTH MICHIGAN AVE
SUITE 1100
CHICAGO, IL60611
See Explanation of Responses
Signatures
GCM Grosvenor IC SPV, LLC, By: Grosvenor Capital Management, L.P., its investment manager, By: GCM, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory 09/18/2023
Signature of Reporting Person Date
GCM Grosvenor IC SPV 2, LLC, By: Grosvenor Capital Management, L.P., its investment manager, By: GCM, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory 09/18/2023
Signature of Reporting Person Date
Grosvenor Capital Management, L.P., By: GCM, L.L.C., its general partner, By: /s/ Burke J. Montgomery, Authorized Signatory 09/18/2023
Signature of Reporting Person Date
GCM Investments GP, LLC, By: Grosvenor Capital Management Holdings, LLLP, its sole member, By: /s/ Burke J. Montgomery, Authorized Signatory 09/18/2023
Signature of Reporting Person Date
Grosvenor Capital Management Holdings, LLLP, By: /s/ Burke J. Montgomery, Authorized Signatory 09/18/2023
Signature of Reporting Person Date
GCM, L.L.C., By: GCM Grosvenor Holdings, LLC, its managing member, By: /s/ Burke J. Montgomery, Authorized Signatory 09/18/2023
Signature of Reporting Person Date
GCM Grosvenor Holdings, LLC, By: GCM Grosvenor Inc., its sole member, By: /s/ Burke J. Montgomery, Authorized Signatory 09/18/2023
Signature of Reporting Person Date
GCM Grosvenor Inc., By: GCM V, L.L.C., its shareholder, By: /s/ Burke J. Montgomery, Authorized Signatory 09/18/2023
Signature of Reporting Person Date
GCM V, L.L.C., By: /s/ Burke J. Montgomery, Authorized Signatory 09/18/2023
Signature of Reporting Person Date
/s/ Michael J. Sacks 09/18/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form 3 is filed jointly by GCM Grosvenor IC SPV, LLC ("GCM SPV"), GCM Grosvenor IC SPV 2, LLC ("GCM SPV2"), 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 GCM SPV2. GCM GP, as the managing member of GCM SPV2, 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 GCM SPV2, 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.
( 4 )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.
( 5 )Securities owned directly by GCM SPV. GCM GP, as the managing member of GCM SPV, 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 GCM SPV, 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.
( 6 )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.
( 7 )The preferred stock is convertible into Shares on a one-for-one basis, at the holder's election, and will automatically convert into Shares upon the closing of the initial public offering pursuant to their terms. The preferred stock has no expiration date.

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