Company: IBTA
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017508
Chunk: 60

Company: Ibotta, Inc.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 60
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.5 million were issued to KDT Ibotta Holdings, LLC, which, together with its affiliates (KDT), beneficially owns more than 5% of the Company's outstanding capital stock and was represented on the Company’s Board of Directors.

In addition, convertible notes in the principal aggregate amount of $0.1 million were issued to WS Investment Company LLC (2022A), which is affiliated with Wilson Sonsini and Larry Sonsini, who is a member of the Company's Board of Directors is a partner at Wilson Sonsini; $0.5 million were issued to David T. & Lynn J. Leach, Mr. Leach’s father and step-mother; and $0.5 million were issued to The Gaudiani Family Trust u/a 6/26/91, whose co-trustees are Mr. Leach’s mother-in-law and father-in-law.

Concurrently upon the closing of our initial public offering, the $75.1 million of convertible notes automatically converted into 1,177,087 shares of the Company’s Class A common stock. At the time of the closing of our initial public offering, KDT was no longer represented on the Company’s Board of Directors.

#### Shareholders’ Agreement
We were party to a shareholders’ agreement, as amended, with certain holders of our capital stock, including Clark Jermoluk Founders Fund I LLC and KDT Ibotta Holdings, LLC, who each beneficially own more than 5% of our outstanding capital stock, and certain of our executive officers and directors and their immediate family. Under the shareholders’ agreement, if we granted investors in a subsequent financing the right to cause us to register our securities with the SEC, we were required to provide such registration rights to certain holders of our securities. These registration rights terminated immediately prior to the closing of our initial public offering.

#### Agreements with Walmart
In May 2021, we entered into a Performance Network & Digital Item-Level Rebates Program Agreement (Walmart Program Agreement) and issued a common stock purchase warrant to Walmart (Walmart Warrant).

#### Ibotta, Inc.432025 Proxy Statement

#### Walmart Program Agreement
On May 17, 2021, we entered into the Walmart Program Agreement with Walmart, who is currently a beneficial owner of more than 5% of our capital stock, that makes Ibotta the exclusive provider of digital manufacturer offer content for Walmart U.S., across all product categories, for online and offline shopping. The Walmart Program Agreement is a multi