Ibotta (NYSE: IBTA) CRO has 9,134 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ibotta, Inc. Chief Revenue Officer Christopher J. Riedy reported a Form 4 showing a tax-related share withholding, not an open-market sale. On the reported date, 9,134 shares of Class A Common Stock were withheld by the company to cover income tax obligations tied to vesting restricted stock units, leaving him with 388,373 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Riedy Christopher J
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 9,134 | $24.97 | $228K |
Holdings After Transaction:
Class A Common Stock — 388,373 shares (Direct)
Footnotes (1)
- This transaction is not a sale of shares by the Reporting Person. Instead, this represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the vesting and net settlement of previously reported restricted stock units ("RSUs"). Certain of these securities are 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.
FAQ
What insider transaction did Ibotta (IBTA) report for Christopher J. Riedy?
Ibotta reported a Form 4 for Chief Revenue Officer Christopher J. Riedy showing 9,134 Class A shares withheld. The company retained these shares to satisfy income tax obligations related to vesting restricted stock units, rather than an open-market sale by the executive.
What does the F transaction code mean in the Ibotta (IBTA) Form 4?
The F code on the Form 4 indicates a tax-withholding disposition rather than a market trade. It reflects payment of exercise price or tax liability by delivering securities, here through Ibotta withholding 9,134 shares tied to the vesting of restricted stock units.
What are the restricted stock units (RSUs) mentioned in the Ibotta (IBTA) filing?
The filing notes that certain securities are restricted stock units, or RSUs. Each RSU represents a contingent right to receive one share of Ibotta’s Class A Common Stock, subject to the specific vesting schedule and conditions that apply to each RSU grant.