Ibotta (IBTA) CTO sells 11,880 shares under Rule 10b5-1 trading plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ibotta, Inc. chief technology officer Luke Roy Swanson reported open-market sales of a total of 11,880 shares of Class A Common Stock on June 4, 2026. The shares were sold in multiple transactions at weighted average prices around $32.86 and $33.71 per share.
According to a footnote, these transactions were executed under a Rule 10b5-1 trading plan established on March 6, 2026, indicating they were pre-arranged. After the sales, Swanson directly holds 496,652 shares, with additional indirect holdings, including 206,000 and 45,045 shares reported through related entities and family accounts.
Positive
- None.
Negative
- None.
Insights
CTO’s 10b5-1 stock sales look routine and pre-planned.
The filing shows chief technology officer Luke Roy Swanson selling 11,880 Ibotta Class A shares in open-market transactions on June 4, 2026. Reported weighted average prices were around $32.86 and $33.71 per share, indicating standard market executions.
A key footnote states the transactions occurred under a Rule 10b5-1 trading plan adopted on March 6, 2026. Such plans are established in advance, making the timing more mechanical than opportunistic. Following the sales, Swanson still directly holds 496,652 shares, suggesting these sales represent only a small portion of his overall reported stake.
Insider Trade Summary 10b5-1
Net Seller: 11,880 shares ($391,773)
Net Sell
6 txns
Insider
Swanson Luke Roy
Role
CHIEF TECHNOLOGY OFFICER
Sold
11,880 shs ($392K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 5,132 | $32.8616 | $169K |
| Sale | Class A Common Stock | 808 | $33.7143 | $27K |
| Sale | Class A Common Stock | 5,133 | $32.8617 | $169K |
| Sale | Class A Common Stock | 807 | $33.7141 | $27K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 496,652 shares (Direct, null);
Class A Common Stock — 280,209 shares (Indirect, See footnote)
Footnotes (1)
- The transaction reflected on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by the Reporting Person on March 6, 2026. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.51 to $33.495 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. Certain of these securities are restricted stock units ("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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.518 to $33.94 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. These shares are held by Reporting Person's spouse. 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 Flat Tops 2024 Trust, of which Reporting Person's spouse is trustee, and Reporting Person's spouse and children are beneficiaries.
Key Figures
Total shares sold: 11,880 shares
Sale price tranche 1: $33.7141 per share
Sale price tranche 2: $32.8617 per share
+4 more
7 metrics
Total shares sold
11,880 shares
Net open-market sales on June 4, 2026
Sale price tranche 1
$33.7141 per share
807 shares sold in one transaction
Sale price tranche 2
$32.8617 per share
5,133 shares sold in another transaction
Direct holdings after sales
496,652 shares
Class A Common Stock held directly post-transaction
Indirect holding block 1
206,000 shares
Indirect Class A Common Stock position as of June 4, 2026
Indirect holding block 2
45,045 shares
Additional indirect Class A Common Stock holding
Trading plan adoption date
March 6, 2026
Rule 10b5-1 plan governing June 4, 2026 sales
Key Terms
Rule 10b5-1 trading plan, restricted stock units ("RSUs"), weighted average price, Class A Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The transaction reflected on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units ("RSUs") financial
"Certain of these securities are restricted stock units ("RSUs"). Each RSU represents a contingent right..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
weighted average price financial
"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class A Common Stock financial
"The shares were sold in multiple transactions at prices ranging from $32.51 to $33.495 per share..."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
irrevocable trust financial
"99% owned by the Swanson 2021 Irrevocable Trust for the benefit of the Reporting Person's children."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
FAQ
What insider transaction did Ibotta (IBTA) report for CTO Luke Roy Swanson?
Ibotta reported that chief technology officer Luke Roy Swanson sold a total of 11,880 shares of Class A Common Stock in open-market transactions on June 4, 2026, at weighted average prices in the low-$30s per share, while retaining a substantial remaining share position.
Were the Ibotta (IBTA) CTO’s stock sales made under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were effected under a Rule 10b5-1 trading plan established on March 6, 2026. Such plans pre-schedule trades, helping insiders systematically diversify holdings and reducing the significance of trade timing as a signal of short-term expectations.
Do the Ibotta (IBTA) insider holdings include restricted stock units (RSUs)?
Yes. The footnotes explain that certain reported 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 applicable vesting schedules and conditions set out in the relevant equity award agreements.