Ibotta SEC Filings

Matthew H. Puckett, identified as Chief Financial Officer and Director, filed an Initial Form 3 reporting his relationship to Ibotta, Inc. (IBTA) and stating that no securities are beneficially owned as of the event date. The filing is dated 08/25/2025 and was signed by an attorney under power of attorney. The form confirms this is an individual filing and includes an exhibit reference for a Power of Attorney.

Ibotta, Inc. insider reported withholding of shares to cover taxes on vested restricted stock units. Valarie L. Sheppard, listed as a Director and Interim CFO, had 2,412 shares of Class A Common Stock withheld on 08/17/2025 at a price of $24.11 each to satisfy income tax and remittance obligations tied to the vesting and net settlement of previously reported RSUs. After the withholding, Sheppard beneficially owns 32,055 shares of Class A Common Stock. The Form 4 was executed by power of attorney on 08/19/2025.

Ibotta, Inc. Schedule 13G/A filed by D. E. Shaw reporting shared beneficial ownership of 1,449,524 Class A shares, representing 5.7% of the outstanding Class A common stock. The ownership is held across related entities: D. E. Shaw Valence Portfolios, L.L.C. holds 1,043,082 shares (4.1%), and additional shares are held in the names of D. E. Shaw Oculus Portfolios, L.L.C. and an executive committee member, producing the aggregate totals. The filing states the position is not held to influence control of the issuer and includes powers of attorney and a joint filing agreement.

Schedule 13G filed for Ibotta, Inc. shows a group of Southpoint-related reporting persons and John S. Clark II together beneficially own 276,701 shares of Ibotta Class A common stock, representing 1.1% of the class based on 25,310,349 outstanding shares reported by the company. The reporting parties state they hold shared voting power and shared dispositive power over the 276,701 shares and report no sole voting or dispositive power.

The filing specifies that the securities were not acquired to change or influence control of the issuer and contains the required certifications and signatures by the reporting persons and their authorized representative.

Ibotta, Inc. (IBTA) reported second-quarter 2025 revenue of $86.0 million, essentially flat with prior-year quarter, and returned to net income of $2.49 million after prior-year losses. Gross profit declined to $68.1 million and gross margin narrowed to 79% from 86%, while operating expenses fell materially, led by sales and marketing of $28.8 million versus $50.0 million a year earlier.

Balance sheet and cash flow highlights include $250.5 million of cash and cash equivalents, $70.9 million user redemption liability, $247.7 million in Level 1 cash equivalents, and $99.0 million of available capacity under the $100 million credit facility. The company repurchased $141.6 million of stock year-to-date and has $128.6 million remaining authorization. The company disclosed consolidated securities class actions; management cannot estimate a loss range at this time.

Ibotta announced the appointment of Matt Puckett as Chief Financial Officer, effective August 25, 2025. Mr. Puckett joins from VF Corporation where he served 23 years, including as enterprise CFO from June 2021 to July 2024, and held international finance responsibility in Switzerland for four years. His role will lead finance, corporate finance, financial planning, M&A and investor relations.

Under an offer letter, Mr. Puckett will receive a $550,000 annual base salary and a $450,000 target annual bonus that will be prorated and guaranteed for 2025. The company will recommend an RSU award valued at $9,000,000, with 25% vesting on the first quarterly vesting date after one year of service and no vesting prior to that date. Interim CFO Valarie Sheppard will step down from the interim CFO role on the Start Date and resume board and committee duties.