Ibotta CEO has shares withheld for tax on RSUs
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 14,820 | $24.97 | $370K |
Footnotes (2)
- F1. 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") .
- F2. 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
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What insider transaction did Ibotta (IBTA) report for Bryan Leach?
How are restricted stock units (RSUs) described in the Ibotta (IBTA) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.