IBTA (IBTA) Form 144 lists 178,717 Class A shares for sale by insider

Rhea-AI Filing Summary

IBTA reports proposed sales of Class A Common Stock under a Form 144 notice, including 178,717 shares described as "acquired upon option exercise" on 06/08/2026. The filing also lists two prior gifts of 17,500 shares each dated 03/20/2024.

The filing states the securities to be sold were acquired by option exercise and by gift; it notes no securities sold during the past three months in the excerpt. Timing and broker/distribution methods are shown for the proposed sale entries in the excerpt.

Insights

Securities Attorney

Form 144 lists a proposed sale of 178,717 Class A shares acquired by option exercise.

The excerpt shows a Form 144 notice referencing 178,717 shares "acquired upon option exercise" with a date of 06/08/2026. Two entries record gifts of 17,500 shares each dated 03/20/2024. The filing format follows the required disclosure of acquisition dates and source of shares.

Practical next steps depend on whether the sale is executed under Rule 144 conditions; the excerpt does not state broker/dealer arrangements or exact sale methods. Subsequent filings or broker confirmations will clarify execution and proceeds.

Key Figures

Proposed sale: 178,717 shares Gifts recorded: 17,500 shares Second gift recorded: 17,500 shares +1 more

4 metrics

Proposed sale 178,717 shares acquired upon option exercise on <date>06/08/2026</date>

Gifts recorded 17,500 shares acquired as a gift on <date>03/20/2024</date>

Second gift recorded 17,500 shares acquired as a gift on <date>03/20/2024</date>

Exchange listed NYSE exchange designation shown in excerpt

Key Terms

Form 144, option exercise, Class A Common Stock

3 terms

Form 144 regulatory

"144: Securities To Be Sold — lists securities proposed for sale"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

option exercise financial

"Class A Common Stock | Acquired upon option exercise"

Class A Common Stock financial

"Class A Common Stock | 06/08/2026 | Acquired upon option exercise"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	213717	6858178.53	20197545	06/08/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	06/08/2026	Acquired upon option exercise	The Issuer			178717	06/08/2026	Option exercise
Class A Common Stock	03/20/2024	Acquired as a gift	Bryan Leach		10/31/2011	17500	03/20/2024	None
Class A Common Stock	03/20/2024	Acquired as a gift	Bryan Leach		10/31/2011	17500	03/20/2024	None

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does IBTA's Form 144 disclose about the amount being sold?

The Form 144 excerpt lists 178,717 shares of Class A Common Stock as proposed for sale, described as "acquired upon option exercise" on 06/08/2026. It also shows two gifts of 17,500 shares each dated 03/20/2024.

Does the Form 144 show any sales in the past three months for IBTA?

The excerpt explicitly notes "Securities Sold During The Past 3 Months" but provides no sale quantities there. The visible lines state no securities sold during the past three months in the provided excerpt.

What acquisition methods are shown for the shares in IBTA's filing?

The filing lists acquisitions by option exercise (178,717 shares dated 06/08/2026) and by gifts (two entries of 17,500 shares dated 03/20/2024). Each entry shows the acquisition source and date.

Does the Form 144 excerpt state who will receive sale proceeds for IBTA?

The provided excerpt does not specify proceeds recipients or use of proceeds. It identifies the source of the securities (option exercise, gifts) but does not state whether the issuer or selling holder will receive proceeds.

Are broker/dealer or distribution methods disclosed in this Form 144 excerpt?

The excerpt names a broker-dealer (Goldman Sachs & Co. LLC) and shows exchange as NYSE, but the excerpt does not detail distribution methods or planned sale mechanics beyond those identification lines.