Form 4: Ibotta CTO's Tax Withholding of Class A Common Stock

Ibotta's Chief Technology Officer, Luke Roy Swanson, reported a disposition of 4,426 Class A Common Stock shares for tax withholding purposes at $23.86 per share.

Summary

• Luke Roy Swanson, Chief Technology Officer of Ibotta, Inc., reported a transaction involving Class A Common Stock.
• The transaction, dated December 1, 2025, involved the disposition of 4,426 shares.
• This disposition was not a sale by Mr. Swanson but rather shares withheld by Ibotta, Inc. to cover income tax and withholding obligations related to the vesting and net settlement of previously reported restricted stock units (RSUs).
• The shares were valued at $23.86 each for the purpose of this withholding.
• Following this transaction, Mr. Swanson directly beneficially owns 255,386 shares of Class A Common Stock.
• Additionally, Mr. Swanson indirectly beneficially owns 45,045 shares through Flat Tops Ventures, LLC, 285,342 shares through his spouse, and 206,000 shares through Flat Tops 2024 Trust.

Sentiment

Score: 5

Explanation: The filing reports a routine tax withholding transaction for an executive, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape. It reflects standard compensation and tax practices for executives in publicly traded technology companies.

Related Party Transactions

• Indirect beneficial ownership includes shares held by Flat Tops Ventures, LLC (1% owned by Reporting Person, 99% by Swanson 2021 Irrevocable Trust for children), shares held by Reporting Person's spouse, and shares held by Flat Tops 2024 Trust (spouse is trustee, spouse and children are beneficiaries). These represent holdings by entities and individuals closely related to the reporting person.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction, not a discretionary sale or purchase. It provides transparency into executive stock ownership.
• Employees: No direct impact on general employees.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates

Keywords

Ibotta, IBTA, Luke Roy Swanson, Chief Technology Officer, CTO, Form 4, SEC filing, stock transaction, tax withholding, restricted stock units, RSUs, beneficial ownership, Class A Common Stock