Koch Industries Inc's Form 4 filing
Ibotta, Inc. (IBTA) · filed Apr 22, 2024
- Accession no.
- 0000950170-24-046512
- Filed
- Apr 22, 2024, 5:15 PM ET
- Trade date
- Apr 22, 2024
- Filing delay
- Same day
- Rule 10b5-1 plan
- Not checked
This filing lists 7 non-derivative transactions and 2 derivative transactions. Open-market sales total $132.0M. It was filed on the trade date.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Koch Industries IncCIK 0000923338 | 10% Owner |
| KDT Ibotta Holdings, LLCCIK 0002019322 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Apr 22, 2024 | Common Stock | JOtherDisposed | −647,926 | –F1 | – | 0 | Direct | |
| Apr 22, 2024 | Class A Common Stock | JOtherAcquired | +647,926 | –F1 | – | 647,926 | Direct | |
| Apr 22, 2024 | Common Stock | CConversionAcquired | +4,151,214 | –F3 | – | 4,151,214 | Direct | |
| Apr 22, 2024 | Common Stock | JOtherDisposed | −4,151,214 | –F1 | – | 4,151,214 | Direct | |
| Apr 22, 2024 | Class A Common Stock | JOtherAcquired | +4,151,214 | –F1 | – | 4,799,140 | Direct | |
| Apr 22, 2024 | Class A Common Stock | CConversionAcquired | +1,089,989 | $63.80F4 | +$69,541,298.2 | 5,889,129 | Direct | |
| Apr 22, 2024 | Class A Common Stock | SSaleDisposed | −1,500,000 | $88.00 | −$132,000,000 | 4,389,129 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Pursuant to a reclassification exempt under Rule 16b-7, each share of common stock, par value $0.00001 per share ("Common Stock"), of Ibotta, Inc. (the "Issuer") automatically reclassified into shares of Class A Common Stock, par value $0.00001 per share ("Class A Common Stock"), of the Issuer on a one-to-one basis immediately prior to the completion of the Issuer's initial public offering (the "IPO").
Referenced by the price of 4 transactions in Table I.
- F3
Each share of Series D redeemable convertible preferred stock par value $0.00001 per share ("Series D Preferred Stock") of the Issuer automatically converted into Common Stock on a one-for-one basis immediately prior to the completion of the IPO and had no expiration date.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F4
The principal amount of the Convertible Unsecured Subordinated Promissory Note (together with accrued interest thereon) automatically converted into shares of Class A Common Stock at a conversion price equal to $63.80 immediately prior to the completion of the IPO. The Convertible Unsecured Subordinated Promissory Note has a maturity date of March 24, 2027. The treatment of the Convertible Unsecured Subordinated Promissory Note in the IPO was exempt pursuant to Rule 16b-6.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.