Company: IBTA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-051720
Chunk: 151

Company: Ibotta, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 151
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 Plan (2024 Plan), which became effective in connection with the IPO. The 2024 Plan provides for the grant of stock options, restricted stock, RSUs, stock appreciation rights, performance units, and performance shares to eligible employees, directors, and consultants. The 2011 Equity Incentive Plan (2011 Plan), which terminated effective immediately prior to the effectiveness of the 2024 Plan, provided for the grant of various stock awards to employees of the Company, including incentive stock options, nonqualified stock options, and RSUs.Stock OptionsA summary of option activity for the nine months ended September 30, 2025, is as follows: OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (in years)Aggregate Intrinsic Value (in thousands)Options outstanding as of December 31, 20243,279,483$15.49 6.5$162,641 Exercised(532,005)15.62 Forfeited or expired(139,763)16.90 Options outstanding as of September 30, 20252,607,715$15.38 5.6$32,877 Options vested and exercisable as of September 30, 20252,185,719$14.64 5.2$29,010 During the nine months ended September 30, 2025, no stock options were granted and the total intrinsic value of stock options exercised was $16.4 million. As of September 30, 2025, unrecognized stock-based compensation expense was $4.9 million for unvested stock options and is expected to be recognized over a weighted average period of 1.8 years.

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

Restricted Stock Units (RSUs)A summary of RSU activity for the nine months ended September 30, 2025, is as follows:RSUsWeighted Average Grant Date Fair Value per ShareUnvested and outstanding as of December 31, 20241,043,621$63.35 Granted1,983,69255.06 Vested(377,223)65.01 Forfeited or expired(408,413)65.15 Unvested and outstanding as of September 30, 20252,241,677$55.41 As of September 30, 2025, unrecognized stock-based compensation expense was