Ibotta (IBTA) CTO Form 4 shows RSU tax withholding and updated holdings
Rhea-AI Filing Summary
Ibotta, Inc.'s Chief Technology Officer reports a routine share withholding for taxes. On 12/01/2025, the CTO had 4,426 shares of Class A common stock withheld by Ibotta at a price of $23.86 per share. The filing clarifies this was not a sale but shares retained by the company to cover income tax and withholding obligations tied to the vesting of previously granted restricted stock units.
After this tax-related transaction, the CTO directly holds 255,386 shares of Class A common stock. Additional indirect holdings include 45,045 shares held through Flat Tops Ventures, LLC, 285,342 shares held by the CTO's spouse, and 206,000 shares held by Flat Tops 2024 Trust. Some of these positions include restricted stock units, where each unit represents the right to receive one share of Ibotta Class A common stock, subject to vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 4,426 | $23.86 | $106K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
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. 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. These shares are held by Reporting Person's spouse. 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.
FAQ
What insider transaction did Ibotta (IBTA) report in this Form 4?
The Form 4 reports that Ibotta's Chief Technology Officer had 4,426 shares of Class A common stock withheld on 12/01/2025. These shares were kept by the company to satisfy tax withholding obligations related to the vesting and net settlement of previously granted restricted stock units, and are explicitly described as not a sale by the officer.
What does the Form 4 say about restricted stock units (RSUs) for Ibotta (IBTA)?
The filing explains that certain securities are restricted stock units (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 applicable to each RSU grant. The reported tax withholding is directly tied to the vesting and net settlement of these RSUs.
Is the reported Ibotta (IBTA) transaction part of a 10b5-1 trading plan?
The form includes a checkbox section regarding whether the transaction was made under a Rule 10b5-1(c) trading plan, which is a pre-arranged contract or instruction for buying or selling equity securities. The excerpt provided shows this disclosure option, indicating how such transactions can be identified if designated as made under a 10b5-1 plan.