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Ibotta (IBTA) insider tied to James H. Clark discloses Class A share sale

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

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.

Positive

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Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Clark Jermoluk Founders Fund I LLC

(Last) (First) (Middle)
EISNERAMPER ADVISORY GROUP, LLC
505 S. FLAGER DR., SUITE 900

(Street)
WEST PALM BEACH FL 33401

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Ibotta, Inc. [ IBTA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/24/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 04/25/2024 S 11,363 D $88 556,818 I See footnote(1)
Class A Common Stock 5,762,457 D(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Clark Jermoluk Founders Fund I LLC

(Last) (First) (Middle)
EISNERAMPER ADVISORY GROUP, LLC
505 S. FLAGER DR., SUITE 900

(Street)
WEST PALM BEACH FL 33401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
CLARK JAMES H

(Last) (First) (Middle)
EISNERAMPER ADVISORY GROUP, LLC
505 S. FLAGER DR., SUITE 900

(Street)
WEST PALM BEACH FL 33401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The shares are held by Monaco Partners, L.P. ("Monaco Partners"). The general partner of Monaco Partners is Clark Ventures, which is wholly owned by the JHC Family 2016 Trust (the "JHC Trust"). The JHC Trust is an entity controlled by James H. Clark. Mr. Clark disclaims beneficial ownership of the shares held by Monaco Partners, except to the extent of his pecuniary interest therein.
2. The shares are held by Clark Jermoluk Founders Fund I LLC, which is 95% owned by the JHC Trust. Mr. Clark disclaims beneficial ownership of the shares held by Clark Jermoluk Founders Fund I LLC, except to the extent of his pecuniary interest therein.
Remarks:
The number of securities reported in Column 5 of Table I represent the number of securities beneficially owned immediately following the transaction reported herein and do not reflect transactions that occurred on dates subsequent thereto. Form 4s filed by the reporting persons on November 15, 2024, December 2, 2024, May 30, 2025, June 3, 2025, June 5, 2025, June 9, 2025, June 11, 2025, June 13, 2025, June 17, 2025, June 20, 2025, June 24, 2025, June 26, 2025 and June 30, 2025 are deemed amended hereby to give effect to the transaction effected on April 25, 2024 reported herein.
/s/ Louis M. Cohen, Manager of Clark Jermoluk Founders Fund I LLC 12/18/2025
/s/ James H. Clark 12/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

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