Larry W. Sonsini - 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 $
$100,102
Form type
4
Date filed
4/22/2024, 04:05 PM
Previous filing
Aug 23, 2024
Next filing
Dec 3, 2024
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBTA Common Stock Other -64.5K -100% 0 Apr 22, 2024 Direct F1
transaction IBTA Class A Common Stock Other +64.5K 64.5K Apr 22, 2024 Direct F1, F2
transaction IBTA Common Stock Conversion of derivative security +191K 191K Apr 22, 2024 See footnote F3, F4
transaction IBTA Common Stock Conversion of derivative security +24.4K 24.4K Apr 22, 2024 See footnote F5, F6
transaction IBTA Common Stock Conversion of derivative security +6.46K 6.46K Apr 22, 2024 See footnote F7, F8
transaction IBTA Common Stock Conversion of derivative security +2.15K 2.15K Apr 22, 2024 See footnote F7, F9
transaction IBTA Common Stock Conversion of derivative security +12.6K 12.6K Apr 22, 2024 See footnote F10, F11
transaction IBTA Common Stock Other -191K -100% 0 Apr 22, 2024 See footnote F1, F4
transaction IBTA Common Stock Other -24.4K -100% 0 Apr 22, 2024 See footnote F1, F6
transaction IBTA Common Stock Other -6.46K -100% 0 Apr 22, 2024 See footnote F1, F8
transaction IBTA Common Stock Other -2.15K -100% 0 Apr 22, 2024 See footnote F1, F9
transaction IBTA Common Stock Other -12.6K -100% 0 Apr 22, 2024 See footnote F1, F11
transaction IBTA Class A Common Stock Other +191K 191K Apr 22, 2024 See footnote F1, F4
transaction IBTA Class A Common Stock Other +24.4K 24.4K Apr 22, 2024 See footnote F1, F6
transaction IBTA Class A Common Stock Other +6.46K 6.46K Apr 22, 2024 See footnote F1, F8
transaction IBTA Class A Common Stock Other +2.15K 2.15K Apr 22, 2024 See footnote F1, F9
transaction IBTA Class A Common Stock Other +12.6K 12.6K Apr 22, 2024 See footnote F1, F11
transaction IBTA Class A Common Stock Conversion of derivative security $100K +1.57K $63.80* 1.57K Apr 22, 2024 See footnote F12

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 -191K -100% 0 Apr 22, 2024 Common Stock 191K See footnote F3, F4
transaction IBTA Series A Preferred Stock Conversion of derivative security -24.4K -100% 0 Apr 22, 2024 Common Stock 24.4K See footnote F5, F6
transaction IBTA Series C Preferred Stock Conversion of derivative security -6.46K -100% 0 Apr 22, 2024 Common Stock 6.46K See footnote F7, F8
transaction IBTA Series C Preferred Stock Conversion of derivative security -2.15K -100% 0 Apr 22, 2024 Common Stock 2.15K See footnote F7, F9
transaction IBTA Series C-1 Preferred Stock Conversion of derivative security -12.6K -100% 0 Apr 22, 2024 Common Stock 12.6K See footnote F10, F11
transaction IBTA Convertible Promissory Note Conversion of derivative security -1.57K -100% 0 Apr 22, 2024 Class A Common Stock 1.57K $63.80 See footnote F12, F13
* 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 Certain of 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 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 The shares are held by WS Investment Company LLC (2011A), of which the Reporting Person is a member and has voting and investment control.
F5 Each share of Series A 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.
F6 The shares are held by WS Investment Company, LLC (2013A), of which the Reporting Person is a member and has voting and investment control.
F7 Each share of Series C 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.
F8 The shares are held by WS Investment Company, LLC (2015A), of which the Reporting Person is a member and has voting and investment control.
F9 The shares are held by WS Investment Company, LLC (2015C), of which the Reporting Person is a member and has voting and investment control.
F10 Each share of Series C-1 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.
F11 The shares are held by WS Investment Company, LLC (2017A), of which the Reporting Person is a member and has voting and investment control.
F12 The shares are held by WS Investment Company, LLC (22A), of which the Reporting Person is a member and has voting and investment control.
F13 The principal amount of the Convertible Promissory Note (together with accrued interest thereon) automatically converted into shares of Class A Common Stock at a conversion price equal to $63.80. The Convertible Promissory Note has a maturity date of March 24, 2027. The treatment of the Convertible Promissory Note in the IPO was exempt pursuant to Rule 16b-6 and Rule 16b-3.