Company: IBTA
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017508
Chunk: 42

Company: Ibotta, Inc.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 42
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 over the four-year period after the option’s vesting commencement date (or in the case of one of the two options granted to Mr. Leach, the one-year anniversary of the vesting commencement date). The vesting commencement date for each option was the effectiveness of a registration statement on Form S-1 under the Securities Act.

In recognition of each named executive officer's continued dedication and contributions to us, prior to the completion of our initial public offering in 2024, we amended each option to change its vesting commencement date to the option’s grant date. The incremental fair value resulting from such modification, computed as of the modification date in accordance with ASC 718, is set forth in the “Option Awards” column of the “Summary Compensation Table.”

#### 2024 Equity Award Grants
We granted to our named executive officers the following awards of RSUs under our 2011 Plan, effective on the business day immediately prior to the effective date of the registration statement relating to our initial public offering: (i) to Mr. Leach, an award of 125,216 time-based RSUs and an award of performance-based RSUs (which covered a target number of 125,216 RSUs), (ii) to Mr. Patel, an award of 51,341 time-based RSUs, (iii) to Mr. Swanson, an award of 65,182 time-based RSUs, and (iv) to Mr. Jensen, an award of 56,761 time-based RSUs.

Each award of time-based RSUs will vest in equal quarterly installments over a four-year period, subject to the applicable named executive officer’s continued service.

For Mr. Leach’s performance-based RSU award, a number of RSUs may become eligible to vest based on how our total shareholder return (TSR) during the performance period (beginning on the grant date and ending on the last day of our 2026 fiscal year) compares to the TSRs of the companies that both (i) are in the Russell 2000 Index or any successor index as of the beginning of the performance period and (ii) either (A) are in such index as of the end of the performance period, (B) if the index is not in existence at such time, are in the index immediately before the index ceased to exist and have securities that are actively traded on a nationally recognized stock exchange as of the end of the performance period, or (C) file for bankruptcy during the performance period. For purposes of