IBTA insider files Form 4 for 14,167-share option exercise
Rhea-AI Filing Summary
Insider exercise and ownership update: The Chief Technology Officer of Ibotta, Inc. exercised an employee option on 10/06/2025 to acquire 14,167 shares of Class A common stock at an exercise price of $5.35 per share. Following the transaction the reporting person directly beneficially owns 259,812 Class A shares and also reports indirect holdings of 206,000, 285,342, and 45,045 Class A shares through trusts and a spouse.
The filing notes that some holdings are restricted stock units that vest per their schedules and that all shares subject to the exercised option were fully vested and exercisable as of the transaction date. The form was signed by power of attorney on 10/08/2025.
Positive
- Exercise of fully vested options converting compensation into 14,167 Class A shares at $5.35
- Substantial aggregated ownership across direct and indirect holdings (direct 259,812 plus indirect trust/spouse holdings)
Negative
- None.
Insights
CTO exercised vested employee option; significant family trusts hold additional shares.
The exercise of 14,167 options at $5.35 indicates an in‑the‑money exercise converting vested compensation into common stock. The filing also discloses multiple indirect holdings: 206,000, 285,342, and 45,045 shares held via spouse and trusts, which increases the household’s aggregate economic exposure.
Key dependencies include the vesting schedules for the disclosed RSUs and any future form filings that report sales or additional exercises; monitor subsequent Form 4s for transfers or open‑market sales within the reporting period.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 14,167 | $0.00 | -- |
| Exercise | Class A Common Stock | 14,167 | $5.35 | $76K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- 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. These shares are held by Flat Tops 2024 Trust, of which Reporting Person's spouse is trustee, and Reporting Person's spouse and children are beneficiaries. These shares are held by Reporting Person's spouse. The shares are held by Flat Tops Ventures, LLC, which is 1% owned by the Reporting Person and 99% owned by the Swanson 2021 Irrevocable Trust for the benefit of the Reporting Person's children. All of the shares subject to the option are fully vested and exercisable as of the date hereof.
