IBTA (IBTA) insiders file to sell Class A founders shares after recent sales
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.
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Key Figures
Class A shares to be sold: 5,940 shares
Aggregate market value of securities: $145,267.00
Class A shares outstanding: 20,197,545 shares
+4 more
7 metrics
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
Key Terms
Form 144, Founders Shares, compensation, aggregate market value
4 terms
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.
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.