[Form 4] Ibotta, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider Trading Activity: Clark Jermoluk Founders Fund I LLC and James H. Clark, both 10% owners of Ibotta (IBTA), reported multiple sales of Class A Common Stock on June 17-18, 2025:

• June 17: Sold 4,600 shares at avg. price of $39.44 and 400 shares at $40.12
• June 18: Sold 4,100 shares at avg. price of $38.27 and 900 shares at $39.17
• Total disposition: 10,000 shares

Post-transaction, the reporting persons maintain significant holdings: 455,241 shares held indirectly through Monaco Partners LP (controlled by JHC Family 2016 Trust) and 5,419,810 shares held directly through Clark Jermoluk Founders Fund I LLC (95% owned by JHC Trust). Mr. Clark disclaims beneficial ownership except for his pecuniary interest in both entities.

Positive

• None.

Negative

• 10% owner James H. Clark, through affiliated entities, sold 10,000 shares at average prices between $38.27-$40.12, indicating potential insider selling pressure

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Clark Jermoluk Founders Fund I LLC

(Last) (First) (Middle)

EISNERAMPER ADVISORY GROUP, LLC

505 S. FLAGER DR., SUITE 900

(Street)

WEST PALM BEACH FL 33401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ibotta, Inc. [ IBTA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/17/2025		S		4,600	D	$39.4443(1)	460,641	I	See footnote(2)
Class A Common Stock	06/17/2025		S		400	D	$40.1228(3)	460,241	I	See footnote(2)
Class A Common Stock	06/18/2025		S		4,100	D	$38.2707(4)	456,141	I	See footnote(2)
Class A Common Stock	06/18/2025		S		900	D	$39.1676(5)	455,241	I	See footnote(2)
Class A Common Stock								5,419,810	D(6)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Clark Jermoluk Founders Fund I LLC

(Last) (First) (Middle)

EISNERAMPER ADVISORY GROUP, LLC

505 S. FLAGER DR., SUITE 900

(Street)

WEST PALM BEACH FL 33401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

CLARK JAMES H

(Last) (First) (Middle)

EISNERAMPER ADVISORY GROUP, LLC

505 S. FLAGER DR., SUITE 900

(Street)

WEST PALM BEACH FL 33401

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $39.04 to $40.02 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.

2. The shares are held by Monaco Partners, L.P. ("Monaco Partners"). The general partner of Monaco Partners is Clark Ventures, which is wholly owned by the JHC Family 2016 Trust (the "JHC Trust"). The JHC Trust is an entity controlled by James H. Clark. Mr. Clark disclaims beneficial ownership of the shares held by Monaco Partners, except to the extent of his pecuniary interest therein.

3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.04 to $40.28 per share. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.9021 to $38.8767 per share. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.93 to $39.4687 per share. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

6. The shares are held by Clark Jermoluk Founders Fund I LLC, which is 95% owned by the JHC Trust. Mr. Clark disclaims beneficial ownership of the shares held by Clark Jermoluk Founders Fund I LLC, except to the extent of his pecuniary interest therein.

	/s/ Louis M. Cohen, Manager of Clark Jermoluk Founders Fund I LLC	06/20/2025
	/s/ James H. Clark	06/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

How many shares of IBTA stock did Clark Jermoluk Founders Fund sell on June 17, 2025?

On June 17, 2025, Clark Jermoluk Founders Fund sold a total of 5,000 shares of IBTA Class A Common Stock in two transactions: 4,600 shares at an average price of $39.4443 and 400 shares at an average price of $40.1228.

What was the price range for IBTA stock sales on June 18, 2025?

On June 18, 2025, IBTA shares were sold in two transactions with different price ranges: 4,100 shares were sold at prices ranging from $37.9021 to $38.8767, and 900 shares were sold at prices ranging from $38.93 to $39.4687.

How many IBTA shares does Clark Jermoluk Founders Fund I LLC directly own after the reported transactions?

According to the Form 4 filing, Clark Jermoluk Founders Fund I LLC directly owns 5,419,810 shares of IBTA Class A Common Stock following the reported transactions.

Who controls the indirect ownership of IBTA shares through Monaco Partners?

The shares held by Monaco Partners are indirectly controlled by James H. Clark through a chain of ownership: Monaco Partners' general partner is Clark Ventures, which is wholly owned by the JHC Family 2016 Trust (JHC Trust), an entity controlled by James H. Clark.

What is the total number of IBTA shares sold in the reported transactions?

A total of 10,000 IBTA shares were sold across four transactions over two days: 5,000 shares on June 17, 2025 (4,600 + 400) and 5,000 shares on June 18, 2025 (4,100 + 900).