ESPP adds shares for Ibotta (NYSE: IBTA) chief legal officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ibotta, Inc.’s chief legal officer David T. Shapiro acquired 1,032 shares of Class A Common Stock at $20.58 per share. The shares were purchased through the company’s 2024 Employee Stock Purchase Plan for an offering period running from November 17, 2025 through May 15, 2026.
The ESPP purchase was completed on the Exercise Date of May 15, 2026 and is exempt under Rule 16b-3(c). Following this routine employee-plan transaction, Shapiro directly holds 235,246 shares of Ibotta Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shapiro David T
Role
CHIEF LEGAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,032 | $20.58 | $21K |
Holdings After Transaction:
Class A Common Stock — 235,246 shares (Direct, null)
Footnotes (1)
- The reporting person is voluntarily reporting the acquisition of shares of the issuer's Class A Common Stock pursuant to the Ibotta, Inc. 2024 Employee Stock Purchase Plan (the "ESPP"), for the ESPP purchase period of November 17, 2025 through May 15, 2026. This transaction is also exempt pursuant to Rule 16b-3(c) promulgated pursuant to the Securities Exchange Act of 1934. The relevant Offering Period (as defined in the ESPP) ended, and the shares were acquired on the Exercise Date (as defined in the ESPP) of May 15, 2026. 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.
Key Figures
ESPP shares acquired: 1,032 shares
ESPP purchase price: $20.58 per share
Shares owned after transaction: 235,246 shares
3 metrics
ESPP shares acquired
1,032 shares
Class A Common Stock acquired on May 15, 2026
ESPP purchase price
$20.58 per share
Price per share for ESPP acquisition
Shares owned after transaction
235,246 shares
Direct holdings following ESPP acquisition
Key Terms
Employee Stock Purchase Plan, Rule 16b-3(c), restricted stock units ("RSUs"), Exercise Date
4 terms
Employee Stock Purchase Plan financial
"shares of the issuer's Class A Common Stock pursuant to the Ibotta, Inc. 2024 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(c) regulatory
"This transaction is also exempt pursuant to Rule 16b-3(c) promulgated pursuant to the Securities Exchange Act of 1934"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
restricted stock units ("RSUs") financial
"Certain of these securities are restricted stock units ("RSUs"). Each RSU represents a contingent right"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Exercise Date financial
"the shares were acquired on the Exercise Date (as defined in the ESPP) of May 15, 2026"
FAQ
What insider transaction did Ibotta (IBTA) report for David T. Shapiro?
Ibotta reported that chief legal officer David T. Shapiro acquired 1,032 Class A shares. The shares were obtained through the company’s 2024 Employee Stock Purchase Plan as part of a scheduled purchase period ending May 15, 2026, rather than an open-market trade.
Was the Ibotta (IBTA) insider transaction a market purchase or part of an employee plan?
The transaction was part of Ibotta’s 2024 Employee Stock Purchase Plan, not an open-market buy. Shares were acquired for the ESPP offering period from November 17, 2025 through May 15, 2026 and settled on the May 15, 2026 Exercise Date.
Is the Ibotta (IBTA) ESPP transaction for David T. Shapiro considered exempt under SEC rules?
Yes, the filing states the ESPP acquisition is exempt under Rule 16b-3(c) of the Securities Exchange Act. This exemption typically applies to transactions under issuer-approved compensation plans, such as employee stock purchase plans or equity award programs.