SCHEDULE: D. E. Shaw Amends Ibotta Stake, Valence Drops Below 5%

D. E. Shaw & Co. entities and David E. Shaw updated their beneficial ownership in Ibotta, Inc., maintaining a 5.7% stake while D. E. Shaw Valence Portfolios, L.L.C. reduced its holding below the 5% threshold.

Summary

• D. E. Shaw & Co., L.P., D. E. Shaw & Co., L.L.C., and David E. Shaw each beneficially own an aggregate of 1,449,524 shares of Ibotta, Inc. Class A common stock, representing 5.7% of the class.
• This aggregate ownership includes 1,043,082 shares held by D. E. Shaw Valence Portfolios, L.L.C., 347,600 shares by D. E. Shaw Oculus Portfolios, L.L.C., and 58,842 shares by an Executive Committee member.
• D. E. Shaw Valence Portfolios, L.L.C. now beneficially owns 1,043,082 shares, representing 4.1% of the class, and has ceased to be a beneficial owner of more than 5% of the securities since the prior filing on May 15, 2025.
• The shared voting power for D. E. Shaw & Co., L.P., D. E. Shaw & Co., L.L.C., and David E. Shaw is 1,390,682 shares.
• The shared dispositive power for D. E. Shaw & Co., L.P., D. E. Shaw & Co., L.L.C., and David E. Shaw is 1,449,524 shares.
• David E. Shaw disclaims beneficial ownership of the 1,449,524 shares, despite being deemed a beneficial owner due to his positions within the D. E. Shaw entities.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, with no explicit positive or negative financial implications for the issuer. The reduction of one fund's stake below 5% is a minor change within the broader D. E. Shaw group's continued significant holding.

Negatives

• D. E. Shaw Valence Portfolios, L.L.C. reduced its stake in Ibotta, Inc. to below 5% of the Class A common stock.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Ibotta, Inc.'s future performance.

Industry Context

This filing reflects a routine update to an institutional investor's stake in a publicly traded company, common in the investment management industry. The slight reduction in one fund's stake (D. E. Shaw Valence Portfolios, L.L.C.) below the 5% threshold is a standard reporting event, while the overall D. E. Shaw group maintains a significant position.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's holdings and changes in specific fund allocations within that investor's group. The overall stake remains substantial, indicating continued institutional interest.

Key Dates

Keywords

Ibotta, D. E. Shaw, Beneficial Ownership, Schedule 13G, Class A Common Stock, Investment Management, SEC Filing, Institutional Investor