Form 4: Ibotta Director and 10% Owner Sells Over 10,000 Shares Under Pre-Arranged Trading Plan

A director and 10% owner of Ibotta, Inc., James H. Clark and affiliated entities, reported the sale of 10,000 shares of Class A Common Stock through pre-arranged trading plans in mid-June 2025.

Summary

• Clark Jermoluk Founders Fund I LLC, an entity affiliated with James H. Clark, a Director and 10% Owner of Ibotta, Inc. (IBTA), sold 5,000 shares of Class A Common Stock on June 13, 2025, at a weighted average price of $41.9614 per share. The sales occurred within a price range of $41.51 to $42.48.
• Monaco Partners, L.P., another entity affiliated with James H. Clark, sold 4,711 shares of Class A Common Stock on June 16, 2025, at a weighted average price of $41.4783 per share. These sales ranged from $40.98 to $41.96 per share.
• Additionally, Monaco Partners, L.P. sold 289 shares of Class A Common Stock on June 16, 2025, at a weighted average price of $42.0051 per share, with prices ranging from $41.98 to $42.09.
• Following these transactions, Monaco Partners, L.P. indirectly beneficially owns 465,241 shares of Class A Common Stock.
• Clark Jermoluk Founders Fund I LLC directly beneficially owns 5,419,810 shares of Class A Common Stock.
• All reported transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the explicit mention that these transactions were conducted under a Rule 10b5-1 plan indicates they were pre-scheduled and not reactive to new, non-public information, thereby mitigating potential negative sentiment.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, indicating they were pre-scheduled and not based on new, non-public information, which can mitigate negative market perception often associated with insider selling.

Negatives

• Insider selling, even when pre-planned, reduces the overall insider ownership stake in the company, which some investors may interpret as a lack of confidence, although this is not necessarily the case with 10b5-1 plans.

Risks

• Potential negative market perception or investor sentiment due to the disclosure of insider stock sales, despite the transactions being pre-planned under a Rule 10b5-1 plan.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Sales of Class A Common Stock by Monaco Partners, L.P. and Clark Jermoluk Founders Fund I LLC, both entities controlled by James H. Clark, who is a Director and 10% owner of Ibotta, Inc. James H. Clark disclaims beneficial ownership of shares held by these entities except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders may observe a reduction in the beneficial ownership stake of a key insider and affiliated entities, which could influence their perception of the company's stock, although the pre-planned nature of the sales (10b5-1) suggests no new material information prompted the transactions.

Key Dates

Keywords

Ibotta, IBTA, Form 4, Insider Trading, Stock Sale, Beneficial Ownership, Director, 10% Owner, Rule 10b5-1