Ibotta (IBTA) insider tied to James H. Clark discloses Class A share sale
Rhea-AI Filing Summary
Ibotta, Inc. director and 10% owner affiliate reports share sale. An entity associated with James H. Clark reported selling 11,363 shares of Ibotta Class A common stock on April 25, 2024 at $88 per share. After this transaction, the filing shows 556,818 shares beneficially owned indirectly, as noted in footnote (1), and 5,762,457 shares beneficially owned directly. The explanations state that some shares are held through Monaco Partners, L.P., whose general partner is Clark Ventures, wholly owned by the JHC Family 2016 Trust controlled by Mr. Clark, and others through Clark Jermoluk Founders Fund I LLC, 95% owned by the same trust. Mr. Clark disclaims beneficial ownership of these shares except to the extent of his pecuniary interest. The remarks also state that several later Forms 4 are deemed amended to give effect to this April 25, 2024 transaction.
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FAQ
What insider transaction in Ibotta, Inc. (IBTA) is reported here?
The filing reports that an affiliated holder sold 11,363 shares of Ibotta Class A common stock on April 25, 2024, coded as an "S" (sale) transaction.
At what price were the Ibotta (IBTA) shares sold in this Form 4?
The 11,363 Class A common shares were reported sold at a price of $88 per share.
How many Ibotta (IBTA) shares are shown as beneficially owned after the transaction?
Following the reported sale, the filing shows 556,818 shares beneficially owned indirectly, as referenced in footnote (1), and 5,762,457 shares beneficially owned directly.
Who is the reporting person in this Ibotta (IBTA) Form 4 and what is their role?
The filing involves entities associated with James H. Clark, who is identified as a Director and 10% Owner of Ibotta, Inc., with certain holdings structured through Monaco Partners, L.P. and Clark Jermoluk Founders Fund I LLC.
Why does James H. Clark disclaim beneficial ownership of some Ibotta (IBTA) shares?
The explanations state that Mr. Clark disclaims beneficial ownership of shares held by Monaco Partners, L.P. and Clark Jermoluk Founders Fund I LLC, except to the extent of his pecuniary interest, because these entities are owned or controlled through the JHC Family 2016 Trust.
What does the amendment remark in this Ibotta (IBTA) Form 4 mean?
The remarks explain that the number of securities in Column 5 reflects holdings immediately after the April 25, 2024 transaction and that multiple Forms 4 filed on later dates are deemed amended by this filing to give effect to that transaction.