Instacart to Buy Back $500 Million in Stock

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Instacart&comma; which operates under the parent company Maplebear Inc&period;&comma; said in an SEC filing it will buy back up to &dollar;500 million in stock&period; Shares in the company went up over 8&percnt; Wednesday on the news&period;<&sol;p>&NewLine;<p>On June 2&comma; 2024&comma; the Board of Directors of Maplebear Inc&period; approved a share repurchase program with authorization to purchase up to an aggregate of &dollar;500 million of the Company’s common stock&period; At the time of the authorization&comma; no capacity remained under the &dollar;1 billion share repurchase program previously authorized by the Board in November 2023 and February 2024&comma; which program resulted in the repurchase of approximately 34 million shares&period; The Share Repurchase Program has no expiration date&period;<&sol;p>&NewLine;<p>Repurchases under the Share Repurchase Program may be made from time to time through open market repurchases or through privately negotiated transactions subject to market conditions&comma; applicable legal requirements&comma; and other relevant factors&period;<&sol;p>&NewLine;<p><&excl;-- TradingView Widget BEGIN --><&sol;p>&NewLine;<div class&equals;"tradingview-widget-container">&NewLine;<div class&equals;"tradingview-widget-container&lowbar;&lowbar;widget"><&sol;div>&NewLine;<div class&equals;"tradingview-widget-copyright"><a href&equals;"https&colon;&sol;&sol;www&period;tradingview&period;com&sol;" rel&equals;"noopener nofollow" target&equals;"&lowbar;blank"><span class&equals;"blue-text">Track all markets on TradingView<&sol;span><&sol;a><&sol;div>&NewLine;<p> <script type&equals;"text&sol;javascript" src&equals;"https&colon;&sol;&sol;s3&period;tradingview&period;com&sol;external-embedding&sol;embed-widget-symbol-info&period;js" async>&NewLine; &lbrace;&NewLine; "symbol"&colon; "NASDAQ&colon;CART"&comma;&NewLine; "width"&colon; 550&comma;&NewLine; "locale"&colon; "en"&comma;&NewLine; "colorTheme"&colon; "light"&comma;&NewLine; "isTransparent"&colon; false&NewLine;&rcub;&NewLine; <&sol;script>&NewLine;<&sol;div>&NewLine;<p><&excl;-- TradingView Widget END --><&sol;p>&NewLine;