Form 4: Clark Jermoluk Founders Fund I LLC Reports Beneficial Ownership Changes in Ibotta, Inc. Following IPO

Clark Jermoluk Founders Fund I LLC reports changes in beneficial ownership of Ibotta, Inc. stock following the company's initial public offering.

Summary

• Clark Jermoluk Founders Fund I LLC filed a Form 4 detailing changes in beneficial ownership of Ibotta, Inc. (IBTA) stock on April 22, 2024.
• The filing reflects transactions related to the conversion of preferred stock into common stock and Class A common stock in connection with Ibotta's IPO.
• 5,762,457 shares of Common Stock were acquired through conversion.
• 5,762,457 shares of Common Stock were reclassified into Class A Common Stock.
• 568,181 shares of Class A Common Stock were purchased at $88 per share.
• The reporting person is a director and 10% owner of Ibotta, Inc.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing related to an IPO, indicating a neutral sentiment. The transactions are expected and part of the IPO process.

Industry Context

This filing is a standard regulatory requirement following an IPO, providing transparency into the ownership structure of Ibotta, Inc.

Stakeholder Impact

• Shareholders are informed about the changes in beneficial ownership following the IPO.
• The filing provides transparency to the market regarding the ownership structure of Ibotta, Inc.

Key Dates