secwatch.observer — SEC 8-K summary
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Issuer:     Maplebear Inc. (CART)
CIK:        0001579091
Form:       8-K
Filed at:   2025-05-28T23:59:59+00:00
Accession:  0001579091-25-000058
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Maplebear CEO Simo resigns; CBO Rogers named CEO; share buyback raised to $1B
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- CEO Fidji Simo resigns effective Aug 15, 2025, remains Chair of Board; resignation not due to disagreement.
- Chris Rogers (Chief Business Officer) appointed CEO and President effective Aug 15; joins Board as Class II director.
- Rogers base salary CAD $1.37M; $15M promotion RSU grant with 8% Nov 15, 2025 vest then 11.5% quarterly; $15M target 2026 equity.
- Share repurchase program increased to $1B aggregate from $750M; ~$218M remaining as of March 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579091/000157909125000058/0001579091-25-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579091/000157909125000058/cart-20250522.htm
  HTML page:      https://secwatch.observer/filing/0001579091-25-000058

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer