Company: IBTA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001538379-25-000010
Chunk: 334

Company: Ibotta, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1A
Chunk 334
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 of our Class A common stock after price appreciation, which may not occur, as the only way to realize any future gains on their investment.

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Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities

Issuer Purchases of Unregistered Equity Securities

The following table summarizes share repurchase activity for the three months ended June 30, 2025:

PeriodTotal Number of Shares Purchased(1)Average Price Paid per Share(2)Total Number of Shares Purchased as Part of Publicly Announced Program(1)Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in thousands)April 1, 2025 to April 30, 20251,043,146$45.77 1,043,146$48,367 May 1, 2025 to May 31, 2025345,227$48.56 345,227$31,602 June 1, 2025 to June 30, 202560,000$49.44 60,000$128,636 1,448,3731,448,373

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(1)On August 22, 2024, the Company announced that the Board of Directors approved a share repurchase program with authorization to purchase up to an aggregate of $100 million of Class A common stock (Share Repurchase Program). In both March 2025 and June 2025, the Board of Directors approved an additional $100 million, bringing the total authorization under the Share Repurchase Program to $300 million. The Company may, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under this authorization. The Share Repurchase Program has no expiration date. 

(2)Excludes other costs such as broker commissions and the 1% excise tax imposed by the Inflation Reduction Act of 2022. 

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Securities Trading Plans of Directors and Executive Officers

During the fiscal quarter ended June 30, 2025, the following officers, as defined in Rule 16a-1(f), adopted a “Rule 10b5-1 trading arrangement” as defined in Regulation S-K Item 408:

On May 19, 2025, Bryan Leach, our