STOCK TITAN

IBTA (IBTA) insiders file to sell Class A founders shares after recent sales

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

IBTA insiders Luke and Brynn F. Swanson have filed to sell Class A shares on the NYSE through Fidelity Brokerage Services LLC. The notice covers 5,940 Class A shares with an aggregate market value of $145,267.00, at a time when 20,197,545 Class A shares were outstanding. The shares are identified as Founders Shares, originally acquired on 03/11/2015 as compensation from the issuer.

The filing also lists recent sales during the past three months: Luke Swanson sold 5,940 Class A shares on 06/04/2026 for $195,886.75 and again on 07/01/2026 for $208,718.80. Brynn F. Swanson sold 5,940 Class A shares on 06/04/2026 for $195,886.30 and 5,940 shares on 07/01/2026 for $208,719.15.

Positive

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Negative

  • None.
Class A shares to be sold 5,940 shares Proposed sale covered by the notice
Aggregate market value of securities $145,267.00 Value associated with the 5,940 Class A shares to be sold
Class A shares outstanding 20,197,545 shares Outstanding Class A shares when the notice was prepared
Luke Swanson sale on 06/04/2026 $195,886.75 Sale value for 5,940 Class A shares
Brynn F. Swanson sale on 06/04/2026 $195,886.30 Sale value for 5,940 Class A shares
Luke Swanson sale on 07/01/2026 $208,718.80 Sale value for 5,940 Class A shares
Brynn F. Swanson sale on 07/01/2026 $208,719.15 Sale value for 5,940 Class A shares
Form 144 regulatory
"144: Securities To Be Sold"
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.
Founders Shares financial
"Class A | 03/11/2015 | Founders Shares | Issuer"
Founders shares are a special block of a company’s stock originally given to the people who started the business; they often carry extra voting power or favorable terms compared with regular shares. For investors, these shares matter because they concentrate control and influence how future funding, ownership dilution, and decision-making will play out—think of founders shares as the steering wheel that can steer a company’s direction even as more passengers (investors) climb aboard.
compensation financial
"5940 | 03/11/2015 | Compensation"
aggregate market value financial
"5940 | 145267.00 | 20197545 | 08/03/2026"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does the Form 144 filing for IBTA indicate about upcoming share sales?

The Form 144 filing indicates a proposed sale of 5,940 Class A shares with an aggregate market value of $145,267.00. These founders shares were originally acquired as compensation on 03/11/2015 and are planned to be sold on the NYSE.

Who is selling IBTA Class A shares in this Form 144 filing?

The filing lists Luke Swanson and Brynn F. Swanson as the selling security holders for IBTA Class A shares. Their brokerage firm is Fidelity Brokerage Services LLC, which is expected to execute the trades on the NYSE.

How many IBTA Class A shares are covered by the planned sale?

The planned transaction covers 5,940 Class A shares. The notice also references that 20,197,545 Class A shares were outstanding, giving context to the relative size of the proposed sale compared with the total share count.

What past IBTA share sales are disclosed in this Form 144?

The filing discloses four past sales: each for 5,940 Class A shares on 06/04/2026 and 07/01/2026 by Luke and Brynn F. Swanson. Reported sale values range from $195,886.30 to $208,719.15 per transaction.

How were the IBTA founders shares originally acquired by the sellers?

The Class A founders shares were originally acquired on 03/11/2015 as compensation from the issuer. This means the securities were granted by the company rather than purchased in the open market at that time.

On which exchange will the IBTA Class A shares in this Form 144 be sold?

The filing states that the IBTA Class A shares are to be sold on the NYSE. Fidelity Brokerage Services LLC is identified as the broker that will facilitate these Class A transactions on that exchange.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature