Company: IBTA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001538379-25-000010
Chunk: 151

Company: Ibotta, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 151
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466,024)15.81 Forfeited or expired(112,278)17.28 Options outstanding as of June 30, 20252,701,181$15.36 5.9$57,382 Options vested and exercisable as of June 30, 20252,159,252$14.47 5.4$47,783 During the six months ended June 30, 2025, no stock options were granted and the total intrinsic value of stock options exercised was $15.3 million. As of June 30, 2025, unrecognized stock-based compensation expense was $6.0 million for unvested stock options and is expected to be recognized over a weighted average period of 2.0 years.Restricted Stock Units (RSUs)A summary of RSU activity for the six months ended June 30, 2025 is as follows:RSUsWeighted Average Grant Date Fair Value per ShareUnvested and outstanding as of December 31, 20241,043,621$63.35 Granted1,577,44162.02 Vested(244,748)66.68 Forfeited or expired(285,671)65.19 Unvested and outstanding as of June 30, 20252,090,643$61.70 As of June 30, 2025, unrecognized stock-based compensation expense was $108.4 million for unvested RSUs and is expected to be recognized over a weighted average period of 3.3 years.

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Table of ContentsIbotta, Inc.Notes to Condensed Financial Statements(unaudited)

CEO Performance-Based RSUOn April 17, 2024, the Company issued a performance-based RSU award to the CEO (CEO PRSU). The CEO PRSU awards a target number of RSUs to the CEO, totaling 125,216 RSUs, that become eligible to vest based on the Company’s total shareholder return (TSR) relative to the TSRs of the companies in the Russell 2000 Index during the performance period from the grant date through December 31, 2026. A percentage of the target number of RSUs, ranging from zero to 200%, will vest based on the percentile rank of the Company's TSR relative to that of the other companies in the index over the performance period. The award is subject to the CEO’s continued service to the Company, and the TSR condition