Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | IBTA | Series B Preferred Stock | Apr 17, 2024 | Common Stock | 3.52M | Direct | F1, F2, F3 | |||||||
holding | IBTA | Series C Preferred Stock | Apr 17, 2024 | Common Stock | 1.86M | Direct | F2, F3, F4 | |||||||
holding | IBTA | Series C-1 Preferred Stock | Apr 17, 2024 | Common Stock | 379K | Direct | F2, F3, F5 |
Id | Content |
---|---|
F1 | Each share of Series B Preferred Stock shall automatically convert into Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock (the "IPO") and has no expiration date. |
F2 | Each share of Common Stock shall be reclassified into one share of Class A Common Stock immediately prior to the completion of the IPO. |
F3 | The shares are held by Clark Jermoluk Founders Fund I LLC, which is 95% owned by the JHC Family 2016 Trust (the "JHC Trust"). The JHC Trust is an entity controlled by James H. Clark. |
F4 | Each share of Series C Preferred Stock shall automatically convert into Common Stock on a 1:1 basis immediately prior to the completion of the IPO and has no expiration date. |
F5 | Each share of Series C-1 Preferred Stock shall automatically convert into Common Stock on a 1:1 basis immediately prior to the completion of the IPO and has no expiration date. |