IBTA.NYSEIbotta, INC

Form 4: Ibotta Executive Luke Roy Swanson Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Chief Technology Officer Luke Roy Swanson of Ibotta, Inc. reports changes in beneficial ownership of Class A Common Stock due to tax withholding related to vesting restricted stock units.

Summary

  • Luke Roy Swanson, Chief Technology Officer of Ibotta, Inc., filed a Form 4 to report changes in his beneficial ownership of the company's Class A Common Stock.
  • The filing indicates that 2,909 shares were withheld by Ibotta on March 1, 2025, to cover income tax obligations related to the vesting and net settlement of previously reported restricted stock units (RSUs) at a price of $34.01.
  • Following the transaction, Swanson directly owns 253,792 shares of Class A Common Stock.
  • Swanson also has indirect ownership of 206,000 shares held by Flat Tops 2024 Trust, 285,342 shares held by his spouse, and 45,045 shares held by Flat Tops Ventures, LLC.
  • The filing was signed by David T. Shapiro under power of attorney on March 4, 2025.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Form 4) related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates activity related to equity compensation.

Stakeholder Impact

  • The transaction has a minor impact on the total number of outstanding shares.

Key Dates

DateDescription
03/01/2025Date of transaction (tax withholding for RSU vesting).
03/04/2025Date of signature by power of attorney.

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