Ibotta (IBTA) officer has 4,394 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ibotta, Inc. Chief Business Development Officer Amir El Tabib reported a Form 4 transaction involving 4,394 shares of Class A Common Stock at $24.97 per share. According to the filing, these shares were withheld by the company to cover income tax obligations from vesting RSUs, not sold on the open market. After this tax-withholding disposition, El Tabib directly owned 207,573 shares of Ibotta Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
El Tabib Amir
Role
Chief Business Dev. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 4,394 | $24.97 | $110K |
Holdings After Transaction:
Class A Common Stock — 207,573 shares (Direct)
Footnotes (1)
- 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 ("RSUs"). Certain of these securities are 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.
FAQ
What insider transaction did Ibotta (IBTA) report for Amir El Tabib?
Ibotta reported that Chief Business Development Officer Amir El Tabib had 4,394 Class A shares withheld. The company used these shares to satisfy tax obligations triggered by vesting restricted stock units, rather than executing an open-market sale.
What do the RSU footnotes in the Ibotta (IBTA) Form 4 explain?
The footnotes explain that some of the securities are restricted stock units, or RSUs. Each RSU gives a contingent right to one Class A share of Ibotta, subject to each award’s specific vesting schedule and other applicable conditions.