Southpoint-Affiliated Group Discloses 1.1% Stake in Ibotta (IBTA)

Rhea-AI Filing Summary

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.

Insights

Financial Analyst

TL;DR: Southpoint entities report a modest 1.1% stake in Ibotta, indicating a non-controlling, disclosed passive position.

The filing documents aggregate beneficial ownership of 276,701 Class A shares held with shared voting and dispositive power, and explicitly states no intent to influence control. Because the position is under 5% of the class, the holding is routine and unlikely to alter governance or capital structure. The report provides clear ownership details useful for ownership tracking and compliance monitoring, but does not signal strategic change or activist intent.

Corporate Governance Expert

TL;DR: Disclosure meets regulatory requirements and indicates transparency; stake size is immaterial to control.

The Schedule 13G identifies multiple Southpoint-affiliated entities and an individual signer reporting shared voting and dispositive power over the same 276,701 shares. The filing's certification that the shares were not acquired to influence control aligns with passive investor treatment under Rule 13d-1, and the reported sub-5% ownership means no presumptive governance impact. This filing supports marketplace transparency without revealing any governance intent or plan.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Ibotta, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.00001 per share

(Title of Class of Securities)

451051106

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 451051106

1

Names of Reporting Persons

Southpoint Master Fund, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 276,701.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 276,701.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

276,701.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 451051106

1

Names of Reporting Persons

Southpoint Capital Advisors LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 276,701.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 276,701.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

276,701.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 451051106

1

Names of Reporting Persons

Southpoint Capital Advisors LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 276,701.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 276,701.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

276,701.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.1 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 451051106

1

Names of Reporting Persons

Southpoint GP, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 276,701.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 276,701.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

276,701.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 451051106

1

Names of Reporting Persons

Southpoint GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 276,701.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 276,701.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

276,701.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.1 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 451051106

1

Names of Reporting Persons

John S. Clark II

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 276,701.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 276,701.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

276,701.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.1 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Ibotta, Inc.
(b)	Address of issuer's principal executive offices: 1801 California Street Suite 400 Denver, CO, 80202
Item 2.
(a)	Name of person filing: The name of the persons filing this report (the "Reporting Persons") with respect to shares of Class A Common Stock, par value $0.00001 per share (the "Class A Common Stock") of Ibotta, Inc. (the "Issuer") are: (i) Southpoint Master Fund, LP (ii) Southpoint Capital Advisors LP (iii) Southpoint Capital Advisors LLC (iv) Southpoint GP, LP (v) Southpoint GP, LLC (vi) John S. Clark II
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of the Reporting Persons is: 1114 Avenue of the Americas, 22nd Floor New York, NY 10036
(c)	Citizenship: Southpoint Master Fund, LP: Cayman Islands Southpoint Capital Advisors LP: Delaware Southpoint Capital Advisors LLC: Delaware Southpoint GP, LP: Delaware Southpoint GP, LLC: Delaware John S. Clark II: United States of America
(d)	Title of class of securities: Class A Common Stock, par value $0.00001 per share
(e)	CUSIP No.: 451051106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by this item with respect to each Reporting Person is set forth in Rows 5 through 9 of the cover pages to this Schedule 13G.
(b)	Percent of class: The information required by this item with respect to each Reporting Person is set forth in Row 11 of the cover pages to this Schedule 13G. The ownership percentages are based on 25,310,349 outstanding shares of Class A Common Stock, as of April 30, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 15, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by this item with respect to each Reporting Person is set forth in Row 5 of the cover pages to this Schedule 13G.
	(ii) Shared power to vote or to direct the vote: The information required by this item with respect to each Reporting Person is set forth in Row 6 of the cover pages to this Schedule 13G.
	(iii) Sole power to dispose or to direct the disposition of: The information required by this item with respect to each Reporting Person is set forth in Row 7 of the cover pages to this Schedule 13G.
	(iv) Shared power to dispose or to direct the disposition of: The information required by this item with respect to each Reporting Person is set forth in Row 8 of the cover pages to this Schedule 13G.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Southpoint Master Fund, LP

Signature:	/s/ John S. Clark II
Name/Title:	By Southpoint GP, LP, its General Partner, by Southpoint GP LLC, its General Partner, by John S. Clark II, Managing Member
Date:	08/14/2025

Southpoint Capital Advisors LP

Signature:	/s/ John S. Clark II
Name/Title:	By Southpoint Capital Advisors LLC, its General Partner, by John S. Clark II, Managing Member
Date:	08/14/2025

Southpoint Capital Advisors LLC

Signature:	/s/ John S. Clark II
Name/Title:	John S. Clark II, Managing Member
Date:	08/14/2025

Southpoint GP, LP

Signature:	/s/ John S. Clark II
Name/Title:	John S. Clark II, Managing Member
Date:	08/14/2025

Southpoint GP, LLC

Signature:	/s/ John S. Clark II
Name/Title:	John S. Clark II, Managing Member
Date:	08/14/2025

John S. Clark II

Signature:	/s/ John S. Clark II
Name/Title:	John S. Clark II, individually
Date:	08/14/2025

FAQ

How many Ibotta (IBTA) shares do the Southpoint reporting persons report owning?

The reporting persons collectively state beneficial ownership of 276,701 shares of Ibotta Class A common stock.

What percentage of Ibotta (IBTA) does 276,701 shares represent?

The filing reports that 276,701 shares represent 1.1% of the Class A shares outstanding based on the company’s reported share count.

Do the reporting persons claim voting or dispositive control over the shares?

They report shared voting power and shared dispositive power over the 276,701 shares and no sole voting or dispositive power.

Does the Schedule 13G indicate an intent to change or influence control of Ibotta (IBTA)?

No. The certification in the filing states the securities were not acquired and are not held to change or influence control of the issuer.

Which entities and individual are listed as reporting persons on the filing?

The filing lists Southpoint Master Fund, LP; Southpoint Capital Advisors LP; Southpoint Capital Advisors LLC; Southpoint GP, LP; Southpoint GP, LLC; and John S. Clark II as reporting persons.