Form 4: Ibotta Director and 10% Owner Executes Pre-Planned Stock Sales

A director and 10% owner of Ibotta, Inc., James H. Clark and Clark Jermoluk Founders Fund I LLC, reported the sale of 10,000 shares of Class A Common Stock through pre-arranged Rule 10b5-1 plans.

Summary

• James H. Clark and Clark Jermoluk Founders Fund I LLC, identified as a Director and 10% Owner of Ibotta, Inc. (IBTA), reported transactions.
• On June 24, 2025, 5,000 shares of Class A Common Stock were sold at a weighted average price of $38.3428 per share, with prices ranging from $37.78 to $38.75.
• On June 25, 2025, an additional 5,000 shares of Class A Common Stock were sold at a weighted average price of $38.4271 per share, with prices ranging from $37.965 to $38.85.
• These sales were conducted pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
• Following the transactions, the reporting persons indirectly beneficially own 435,241 shares of Class A Common Stock through Monaco Partners, L.P., and directly own 5,419,810 shares through Clark Jermoluk Founders Fund I LLC.
• James H. Clark disclaims beneficial ownership of shares held by Monaco Partners, L.P. and Clark Jermoluk Founders Fund I LLC, except to the extent of his pecuniary interest therein.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While insider selling can be viewed negatively, the explicit mention of a Rule 10b5-1 plan indicates a pre-scheduled transaction rather than a reaction to new, negative information, which mitigates concerns.

Positives

• The sales were executed under a Rule 10b5-1(c) plan, indicating they were pre-scheduled and not based on immediate, non-public information, which can reduce concerns about opportunistic insider selling.

Negatives

• The sale of 10,000 shares by a director and 10% owner could be perceived negatively by some investors as it reduces insider ownership, although the total remaining holdings are substantial.

Risks

• No specific risks are mentioned in this Form 4 filing beyond the general market perception of insider stock sales.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape within the consumer rewards or digital marketing sector.

Related Party Transactions

• The shares indirectly owned by James H. Clark are held by Monaco Partners, L.P., whose general partner is Clark Ventures, wholly owned by the JHC Family 2016 Trust (JHC Trust), an entity controlled by James H. Clark.
• The shares directly owned by Clark Jermoluk Founders Fund I LLC are 95% owned by the JHC Trust.

Stakeholder Impact

• Shareholders: The sale of shares by a significant insider could lead to minor concerns about confidence, though the pre-planned nature mitigates this. The overall impact on the share price is likely to be limited given the relatively small number of shares sold compared to total outstanding shares and remaining insider holdings.

Key Dates

Keywords

Ibotta, IBTA, SEC Form 4, Insider Trading, Stock Sale, Beneficial Ownership, James H. Clark, Clark Jermoluk Founders Fund I LLC, Rule 10b5-1