Amit Doshi - 22 Apr 2024 Form 4 Insider Report for Ibotta, Inc. (IBTA)

Reporting relationship: Director
Issuer ticker: IBTA
Reported as of: 22 Apr 2024
Net transaction value: -$4,641,824
SEC form: 4
Accepted by SEC: 22 Apr 2024, 16:05:47 UTC
Prior SEC filing: 17 Apr 2024
Next SEC filing: 05 Dec 2024
Source filing: View source filing
Reporting owner signature: /s/ David Shapiro, by power of attorney

Key filing fact

Amit Doshi filed Form 4 for Ibotta, Inc. (IBTA) on 22 Apr 2024.

Key facts

This page summarizes Amit Doshi's Form 4 filing for Ibotta, Inc. (IBTA).
11 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 22 Apr 2024, 16:05.

Change

Previous filing in this sequence was filed on 17 Apr 2024.
Current net transaction value: -$4,641,824.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IBTA transaction

Common Stock

Other

Transaction value
Shares: -4,545
Change %: -100%
Price
Shares after: 0
Date: 22 Apr 2024
Ownership: Direct
Footnotes: F1

IBTA transaction

Class A Common Stock

Other

Transaction value
Shares: +4,545
Change %
Price
Shares after: 4,545
Date: 22 Apr 2024
Ownership: Direct
Footnotes: F1, F2

IBTA transaction

Common Stock

Conversion of derivative security

Transaction value
Shares: +33,783
Change %
Price
Shares after: 33,783
Date: 22 Apr 2024
Ownership: Direct
Footnotes: F3

IBTA transaction

Common Stock

Conversion of derivative security

Transaction value
Shares: +252,748
Change %
Price
Shares after: 252,748
Date: 22 Apr 2024
Ownership: See footnote
Footnotes: F4, F5

IBTA transaction

Common Stock

Other

Transaction value
Shares: -33,783
Change %: -100%
Price
Shares after: 0
Date: 22 Apr 2024
Ownership: Direct
Footnotes: F1

IBTA transaction

Common Stock

Other

Transaction value
Shares: -252,748
Change %: -100%
Price
Shares after: 0
Date: 22 Apr 2024
Ownership: See footnote
Footnotes: F1, F6

IBTA transaction

Class A Common Stock

Other

Transaction value
Shares: +33,783
Change %: +743%
Price
Shares after: 38,328
Date: 22 Apr 2024
Ownership: Direct
Footnotes: F1, F7

IBTA transaction

Class A Common Stock

Other

Transaction value
Shares: +252,748
Change %
Price
Shares after: 252,748
Date: 22 Apr 2024
Ownership: See footnote
Footnotes: F1, F6

IBTA transaction

Class A Common Stock

Sale

Transaction value: $4,641,824
Shares: -52,748
Change %: -21%
Price: $88.00^*
Shares after: 200,000
Date: 22 Apr 2024
Ownership: See footnote
Footnotes: F6, F8

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

IBTA transaction Derivative

Series Seed Preferred Stock

Conversion of derivative security

Transaction value
Shares: -33,783
Change %: -100%
Price
Shares after: 0
Date: 22 Apr 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 33,783
Exercise price
Footnotes: F3

IBTA transaction Derivative

Series C-1 Preferred Stock

Conversion of derivative security

Transaction value
Shares: -252,748
Change %: -100%
Price
Shares after: 0
Date: 22 Apr 2024
Ownership: See footnote
Underlying class: Common Stock
Underlying amount: 252,748
Exercise price
Footnotes: F4, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was automatically reclassified into one share of Class A Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock (the "IPO").

Footnote F2

These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.

Footnote F3

Each share of Series Seed Convertible Preferred Stock automatically converted into Common Stock on a 1:1 basis immediately prior to the completion of the IPO and had no expiration date.

Footnote F4

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.

Footnote F5

The shares are held by Harbor Spring Master Fund, LP ("Harbor Spring Master Fund"). Harbor Spring Capital, LLC is the Investment Manager of Harbor Spring Master Fund. The Reporting Person is the Managing Partner of Harbor Spring Capital, LLC. Each of Harbor Spring Master Fund, Harbor Spring Capital, LLC and the Reporting Person may be deemed to beneficially own the securities held by Harbor Spring Master Fund.

Footnote F6

The shares are held by Harbor Spring Master Fund.

Footnote F7

Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.

Footnote F8

Pursuant to the IPO, on April 17, 2024, the Issuer, the selling stockholders named in the Underwriting Agreement (as defined below) and the underwriters of the IPO (the "Underwriters") entered into an Underwriting Agreement (the "Underwriting Agreement"). Pursuant to the Underwriting Agreement, Harbor Spring Master Fund sold 52,748 shares of Class A Common Stock of the Issuer to the Underwriters at a per share sale price of $88.00. The per share sale price reported in this Form 4 does not reflect underwriting discounts.