Ibotta CEO converts 50,000 Class B into Class A
Ibotta, Inc. CEO and President Bryan Leach reported a share-class conversion.
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Form Type
4
Rhea-AI Filing Summary
Ibotta, Inc. CEO and President Bryan Leach reported a share-class conversion. On June 4, 2026, he converted 50,000 shares of Class B Common Stock into 50,000 shares of Class A Common Stock at no cost, reflecting a 1-for-1 exchange.
Following the transaction, Leach directly holds 916,484 shares of Class A Common Stock and 2,208,424 shares of Class B Common Stock. Additional Class B positions are held indirectly through spouse‑managed trusts, including blocks with 120,000 and 289,500 underlying Class A shares each. The filing also notes that certain securities are restricted stock units that vest into Class A shares over time.
Insider Trade Summary
50,000 shares exercised/converted
Exercise
6 txns
Insider
Leach Bryan
Role
CEO AND PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 50,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 50,000 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 2,208,424 contracts (Direct);
Class A Common Stock — 916,484 shares (Direct);
Class B Common Stock — 819,000 contracts (Indirect, See footnote)
Footnotes (10)
- F1. Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock at the election of, and at no cost to, the Reporting Person.
- F2. On June 4, 2026, the Reporting Person converted 50,000 shares of Class B Common Stock into a like number of shares of Class A Common Stock.
- F3. 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.
- F4. Shares of Class B Common Stock are convertible into shares of Class A Common Stock on a 1-for-1 basis at no cost, at any time, at the election of the holder.
- F5. On March 2, 2026, 75,000 shares of Class B Common Stock held by the Orion 2021 Legacy Trust u/a/d May 11, 2021 were transferred to the Orion 2024 GST Trust u/a/d March 20, 2024.
- F6. By Spouse as Trustee for the Orion 2021 Legacy Trust u/a/d May 11, 2021.
- F7. On March 2, 2026, 75,000 shares of Class B Common Stock held by the Elysian 2021 Legacy Trust u/a/d May 11, 2021 were transferred to the Elysian 2024 GST Trust u/a/d March 20, 2024.
- F8. By Spouse as Trustee for the Elysian 2021 Legacy Trust u/a/d May 11, 2021.
- F9. By Spouse as Trustee for the Orion 2024 GST Trust u/a/d March 20, 2024.
- F10. By Spouse as Trustee for the Elysian 2024 GST Trust u/a/d March 20, 2024.
Key Figures
Class B to Class A conversion: 50,000 shares
Class A holdings after transaction: 916,484 shares
Class B direct holdings after transaction: 2,208,424 shares
+3 more
6 metrics
Class B to Class A conversion
50,000 shares
Converted from Class B to Class A on June 4, 2026
Class A holdings after transaction
916,484 shares
Direct Class A Common Stock held following conversion
Class B direct holdings after transaction
2,208,424 shares
Direct Class B Common Stock remaining after 50,000-share conversion
Indirect Class B block
120,000 underlying shares
Indirect Class B position convertible into Class A at no cost
Additional indirect Class B block
289,500 underlying shares
Indirect Class B position via trust, convertible 1-for-1 into Class A
Exercise price on conversions
$0.0000 per share
Class B to Class A conversion executed at no cost
Key Terms
Class B Common Stock, restricted stock units ("RSUs"), Conversion of derivative security, GST Trust, +1 more
5 terms
Class B Common Stock financial
"Shares of Class B Common Stock are convertible into shares of Class A Common Stock on a 1-for-1 basis at no cost"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
restricted stock units ("RSUs") financial
"Certain of these securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share"
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.
Conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
GST Trust financial
"were transferred to the Orion 2024 GST Trust u/a/d March 20, 2024"
Legacy Trust financial
"held by the Elysian 2021 Legacy Trust u/a/d May 11, 2021 were transferred"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Ibotta (IBTA) CEO Bryan Leach report in this Form 4?
Bryan Leach reported converting 50,000 shares of Class B Common Stock into 50,000 shares of Class A Common Stock. The exchange occurred on June 4, 2026 at no cost and reflects a 1-for-1 conversion between the two share classes, with no sale proceeds disclosed.
What happened to Bryan Leach’s Class B holdings in Ibotta (IBTA)?
On June 4, 2026, Bryan Leach converted 50,000 Class B shares into Class A shares, leaving 2,208,424 Class B shares directly held. Additional Class B positions remain indirectly held through trusts managed by his spouse, each convertible into Class A on a 1-for-1 basis at no cost.
What does the Form 4 say about Ibotta (IBTA) restricted stock units (RSUs)?
The filing explains that certain securities are restricted stock units, or RSUs, each representing a contingent right to receive one Class A share. These RSUs convert into Class A Common Stock only when their specific vesting schedules and conditions are satisfied, rather than through immediate trading activity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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