Form 4: Founders Fund and Director James Clark Divest Significant Ibotta Class A Common Stock Holdings

Clark Jermoluk Founders Fund I LLC and Director James H. Clark reported the sale of over 2 million shares of Ibotta Class A Common Stock in multiple transactions on June 26, 2025.

Summary

• Clark Jermoluk Founders Fund I LLC and James H. Clark, both directors and 10% owners of Ibotta, Inc. (IBTA), reported significant sales of Class A Common Stock.
• On June 26, 2025, Clark Jermoluk Founders Fund I LLC directly sold 1,578,502 shares of Class A Common Stock at a price of $35.00 per share.
• On the same date, Monaco Partners, L.P., an entity indirectly controlled by James H. Clark, sold a total of 423,878 shares across three separate transactions.
• These indirect sales included 421,498 shares at $35.00 per share, 1,767 shares at a weighted average price of $38.2081 (with prices ranging from $37.53 to $38.5214), and 613 shares at a weighted average price of $38.6067 (with prices ranging from $38.53 to $38.7342).
• Following these transactions, Clark Jermoluk Founders Fund I LLC beneficially owns 3,841,308 shares directly, and Monaco Partners, L.P. beneficially owns 11,363 shares indirectly.
• James H. Clark disclaims beneficial ownership of the shares held by Clark Jermoluk Founders Fund I LLC and Monaco Partners, L.P., except to the extent of his pecuniary interest therein.

Sentiment

Score: 4

Explanation: The filing reports significant sales of Class A Common Stock by a director and 10% owner, which can sometimes be interpreted as a negative signal by investors, though the document itself provides no rationale for the sales.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transactions involve entities (Clark Jermoluk Founders Fund I LLC and Monaco Partners, L.P.) that are controlled by or significantly owned by James H. Clark, who is a director and 10% owner of Ibotta, Inc.
• Clark Jermoluk Founders Fund I LLC, which sold 1,578,502 shares, is 95% owned by the JHC Trust, an entity related to James H. Clark.
• Monaco Partners, L.P., which sold 423,878 shares, is controlled by James H. Clark through Clark Ventures and the JHC Family 2016 Trust.

Stakeholder Impact

• Shareholders: The sale of a significant number of shares by a director and 10% owner could potentially lead to negative market sentiment or concerns about the company's future prospects, although the document provides no reason for the sales.

Key Dates

Recommendation

Keywords

Ibotta, IBTA, SEC Form 4, insider trading, stock sale, Class A Common Stock, Founders Fund, James H. Clark, Monaco Partners, beneficial ownership, director, 10% owner