No, Instacart does not have a dual-class share structure in place. As of January 8, 2024, Instacart has a single class of common stock, which means that all shareholders have equal voting rights and receive the same dividends per share.

This differs from many other tech startups, which often opt for dual-class share structures. In a dual-class structure, there are typically two classes of shares: Class A and Class B. Class A shares typically have one vote per share, while Class B shares might have 10 or even 100 votes per share. This gives the founders and early investors more control over the company, even if they don’t own a majority of the shares.