Company: IBTA
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017508
Chunk: 16

Company: Ibotta, Inc.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 16
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” below.

All shares of our Class B common stock are beneficially held by Mr. Leach and entities affiliated with Mr. Leach, who collectively hold a majority of the voting power of our outstanding common stock. As a result, we are considered a “controlled company” within the meaning of the listing standards of the New York Stock Exchange. Under these listing standards, a company in which over 50% of the voting power for the election of directors is held by an individual, a group, or another company is a “controlled company” and may elect not to comply with certain listing standards of the New York Stock Exchange regarding corporate governance including the requirements:

• that a majority of the board of directors consist of independent directors;

• that the compensation committee, nominating and corporate governance committee, and audit committee be comprised entirely of independent members; and

• to make the charters for each of the compensation committee and nominating and corporate governance committee available on the company’s website.

#### Ibotta, Inc.122025 Proxy Statement
Although we qualify as a “controlled company,” we do not currently rely on the exemption and intend to fully comply with all corporate governance requirements under the listing standards of the New York Stock Exchange. The above requirements would not apply to us if, in the future, we choose to avail ourselves of the “controlled company” exemption.

Subject to limited exceptions, our “controlled company” status will generally preclude our shareholders’ ability to influence the outcome of matters submitted to our shareholders for approval, including the election of our Board of Directors, the adoption of amendments to our certificate of incorporation and bylaws (where adopted by shareholders), and the approval of any merger, consolidation, sale of all or substantially all of our assets, or other major corporate transactions.

Board Leadership Structure and Role of the Lead Independent Director

Mr. Leach currently serves as both the Chairman of our Board of Directors and as our Chief Executive Officer and President. As our Founder, Chief Executive Officer, and President, Mr. Leach is best positioned to identify strategic priorities, lead critical discussion, and execute our business plans.

Our Board of Directors has adopted Corporate Governance Guidelines that provide that one of our independent directors should serve as our lead independent director at any time when the Chairman of our Board of Directors is not independent. Because Mr. Leach is our Chief Executive Officer, President, and Chairman, and is not an “independent” director as defined in the New York Stock Exchange’s corporate governance requirements, our Board of Directors has determined that it is