Director Larry Sonsini (NYSE: IBTA) granted 5,988 Ibotta RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SONSINI LARRY W reported acquisition or exercise transactions in this Form 4 filing.
Ibotta, Inc. director Larry W. Sonsini received a grant of 5,988 restricted stock units (RSUs) of Class A Common Stock as an annual director equity award under the company’s Outside Director Compensation Policy. Each RSU represents a right to receive one share, subject to vesting. The RSUs vest fully on the earlier of May 19, 2027 or the day prior to the company’s next annual shareholder meeting, provided he continues to serve through that date. Following this grant, he directly holds 104,814 Class A shares, and 1,569 additional shares are held indirectly by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SONSINI LARRY W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 5,988 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 104,814 shares (Direct, null);
Class A Common Stock — 1,569 shares (Indirect, See footnote)
Footnotes (1)
- The restricted stock units ("RSUs") will vest fully on the earlier of (i) May 19, 2027, or (ii) the day prior to the date of the Issuer's next annual meeting of shareholders, subject to Reporting Person's continuous service through such date. This RSU award was issued to the Reporting Person pursuant to Issuer's Outside Director Compensation Policy as an annual director equity grant. 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 the Reporting Person's spouse.
Key Figures
RSU grant size: 5,988 RSUs
Direct holdings after grant: 104,814 shares
Indirect holdings: 1,569 shares
+1 more
4 metrics
RSU grant size
5,988 RSUs
Annual director equity grant of Class A Common Stock
Direct holdings after grant
104,814 shares
Class A Common Stock directly owned after RSU award
Indirect holdings
1,569 shares
Class A Common Stock held by spouse, reported as indirect ownership
RSU vesting date
May 19, 2027
Latest possible full vesting date for the 5,988 RSUs
Key Terms
restricted stock units ("RSUs"), Outside Director Compensation Policy, Class A Common Stock
3 terms
restricted stock units ("RSUs") financial
"The restricted stock units ("RSUs") will vest fully on the earlier of..."
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.
Outside Director Compensation Policy financial
"This RSU award was issued to the Reporting Person pursuant to Issuer's Outside Director Compensation Policy..."
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock..."
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.
FAQ
What did Ibotta (IBTA) director Larry Sonsini receive in this Form 4 filing?
Larry Sonsini received 5,988 restricted stock units (RSUs) of Ibotta Class A Common Stock as an annual director equity grant. The award was issued under Ibotta’s Outside Director Compensation Policy and carries no cash purchase price per share.
When do Larry Sonsini’s 5,988 Ibotta (IBTA) RSUs vest?
The 5,988 RSUs vest fully on the earlier of May 19, 2027, or the day prior to Ibotta’s next annual shareholder meeting. Vesting is conditioned on Mr. Sonsini’s continuous service with the company through the applicable vesting date.
What does each Ibotta (IBTA) RSU granted to Larry Sonsini represent?
Each restricted stock unit represents a contingent right to receive one share of Ibotta Class A Common Stock. Delivery of the shares depends on satisfaction of vesting conditions set in the award’s schedule and terms, including continuous service requirements.
Was there a purchase price for Larry Sonsini’s Ibotta (IBTA) RSU grant?
No cash purchase price applied to this grant; the 5,988 RSUs were awarded at a stated price of $0.00 per share. This reflects a compensation-related equity award rather than an open-market share purchase transaction.