Ibotta (IBTA) CEO Bryan Leach has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ibotta, Inc. CEO and President Bryan Leach reported a Form 4 transaction involving 14,820 shares of Class A Common Stock at $24.97 per share. The shares were withheld by the company to cover income tax and withholding obligations tied to vesting restricted stock units, not sold in the open market. After this tax-withholding disposition, Leach directly holds 885,122 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Leach Bryan
Role
CEO AND PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 14,820 | $24.97 | $370K |
Holdings After Transaction:
Class A Common Stock — 885,122 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 Bryan Leach?
Ibotta reported that CEO and President Bryan Leach had 14,820 shares of Class A Common Stock withheld. The shares covered income tax and withholding obligations from vesting restricted stock units, rather than being sold in an open market transaction.
How are restricted stock units (RSUs) described in the Ibotta (IBTA) Form 4?
The filing explains that certain securities are restricted stock units, each RSU representing a contingent right to receive one share of Ibotta Class A Common Stock. Delivery depends on satisfying the applicable vesting schedule and conditions for each RSU grant.