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

Role
Director
Signature
/s/ David Shapiro, by power of attorney
Stock symbol
IBTA
Transactions as of
Apr 22, 2024
Transactions value $
-$4,641,824
Form type
4
Date filed
4/22/2024, 04:05 PM
Previous filing
Apr 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBTA Common Stock Other -4.55K -100% 0 Apr 22, 2024 Direct F1
transaction IBTA Class A Common Stock Other +4.55K 4.55K Apr 22, 2024 Direct F1, F2
transaction IBTA Common Stock Conversion of derivative security +33.8K 33.8K Apr 22, 2024 Direct F3
transaction IBTA Common Stock Conversion of derivative security +253K 253K Apr 22, 2024 See footnote F4, F5
transaction IBTA Common Stock Other -33.8K -100% 0 Apr 22, 2024 Direct F1
transaction IBTA Common Stock Other -253K -100% 0 Apr 22, 2024 See footnote F1, F6
transaction IBTA Class A Common Stock Other +33.8K +743.3% 38.3K Apr 22, 2024 Direct F1, F7
transaction IBTA Class A Common Stock Other +253K 253K Apr 22, 2024 See footnote F1, F6
transaction IBTA Class A Common Stock Sale -$4.64M -52.7K -20.87% $88.00* 200K Apr 22, 2024 See footnote F6, F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IBTA Series Seed Preferred Stock Conversion of derivative security -33.8K -100% 0 Apr 22, 2024 Common Stock 33.8K Direct F3
transaction IBTA Series C-1 Preferred Stock Conversion of derivative security -253K -100% 0 Apr 22, 2024 Common Stock 253K See footnote F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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").
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.
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.
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.
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.
F6 The shares are held by Harbor Spring Master Fund.
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.
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.