Maplebear Board authorizes $500M share repurchase program; prior $1B program exhausted

Maplebear Inc.

New $500M share repurchase program approved by Board on June 2, 2024; no expiration date.
Prior $1B program (Nov 2023 & Feb 2024 authorizations) fully utilized, repurchasing ~34M shares.
Repurchases may occur via open market or private transactions; Rule 10b5-1 plans may be used.
Company not obligated to repurchase any specific amount; program may be suspended at any time.

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