Ibotta (IBTA) CEO Bryan Leach converts and gifts 60,000 Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ibotta, Inc. director and CEO Bryan Leach reported several equity movements involving Class A and Class B common stock. On March 2, 2026, he converted 60,000 shares of Class B Common Stock into 60,000 shares of Class A Common Stock at no cost, at his election. He then made a bona fide gift of 60,000 Class A shares, transferring 20,000 shares each to his mother, niece, and nephew, with these gifts described as exempt from Section 16(b) by Rule 16b-5. Following these transactions, he held 885,122 Class A shares directly and continued to hold Class B shares both directly and indirectly through trusts where his spouse serves as trustee. The filing also notes that certain securities are restricted stock units representing the right to receive Class A shares upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
60,000 shares exercised/converted
Mixed
7 txns
Insider
Leach Bryan
Role
CEO AND PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 60,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 60,000 | $0.00 | -- |
| Gift | Class A Common Stock | 60,000 | $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 — 2,258,424 shares (Direct);
Class A Common Stock — 945,122 shares (Direct);
Class B Common Stock — 364,500 shares (Indirect, See footnote)
Footnotes (1)
- 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. On March 2, 2026, the reporting person converted 60,000 shares of Class B Common Stock into a like number of shares of Class A Common Stock and gifted (i) 20,000 of such shares of Class A Common Stock to his mother, (ii) 20,000 of such shares of Class A Common Stock to his niece, and (iii) 20,000 of such shares of Class A Common Stock to his nephew. The gift transactions are exempt from Section 16(b) by virtue of Rule 16b-5 promulgated under the Securities Act of 1933, as amended. 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. 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. By Spouse as Trustee for the Elysian 2021 Legacy Trust u/a/d May 11, 2021. By Spouse as Trustee for the Orion 2021 Legacy Trust u/a/d May 11, 2021. By Spouse as Trustee for the Elysian 2024 GST Trust u/a/d March 20, 2024. By Spouse as Trustee for the Orion 2024 GST Trust u/a/d March 20, 2024.
FAQ
What insider transactions did Ibotta (IBTA) CEO Bryan Leach report?
Bryan Leach reported converting 60,000 shares of Class B Common Stock into 60,000 Class A shares, then gifting those 60,000 Class A shares to family members. These movements were reported as a derivative conversion followed by bona fide gifts.
What are Bryan Leach’s direct Class A holdings in Ibotta (IBTA) after these transactions?
After the reported transactions, Bryan Leach directly held 885,122 shares of Ibotta Class A Common Stock. This figure reflects the 60,000-share Class B-to-A conversion and the subsequent 60,000-share gift disposition to his family members.
Does the Ibotta (IBTA) Form 4 mention restricted stock units (RSUs) for Bryan Leach?
Yes. The filing notes that certain reported securities are restricted stock units, each RSU representing a contingent right to receive one share of Ibotta’s Class A Common Stock, subject to applicable vesting schedules and conditions for each RSU award.