Marisa Daspit - 01 Dec 2024 Form 4 Insider Report for Ibotta, Inc. (IBTA)

Role
CHIEF PEOPLE OFFICER
Signature
/s/ David T. Shapiro, by power of attorney
Issuer symbol
IBTA
Transactions as of
01 Dec 2024
Net transactions value
-$744,636
Form type
4
Filing time
03 Dec 2024, 17:50:54 UTC
Previous filing
27 Nov 2024
Next filing
05 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IBTA Class A Common Stock Tax liability $271,057 -3,706 -12% $73.14 27,448 01 Dec 2024 Direct F1, F2
transaction IBTA Class A Common Stock Options Exercise $197,314 +8,888 +32% $22.20 36,336 02 Dec 2024 Direct F2, F3
transaction IBTA Class A Common Stock Sale $657,935 -8,718 -24% $75.47 27,618 02 Dec 2024 Direct F2, F3, F4
transaction IBTA Class A Common Stock Sale $12,958 -170 -0.62% $76.22 27,448 02 Dec 2024 Direct F2, F3, F5

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 Employee Stock Option (right to buy) Options Exercise $0 -8,888 -24% $0.000000 27,562 02 Dec 2024 Class A Common Stock 8,888 $22.20 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units.
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 These transactions were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on August 27, 2024.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to $75.99 per share. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in two transactions at prices of $76.21 and $76.24 per share. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F6 1/48th of the shares subject to the option vested on August 15, 2021 and 1/48th of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.