Company: IBTA
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001628280-25-025593
Chunk: 138

Company: Ibotta, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 138
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 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 

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

awards to employees of the Company, including incentive stock options, nonqualified stock options, and RSUs.Stock OptionsA summary of option activity for the three months ended March 31, 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(239,994)14.02 Forfeited or expired(82,002)17.51 Options outstanding as of March 31, 20252,957,487$15.55 6.1$78,819 Options vested and exercisable as of March 31, 20252,268,274$14.55 5.6$62,711 During the three months ended March 31, 2025, no stock options were granted and the total intrinsic value of stock options exercised was $8.8 million. As of March 31, 2025, unrecognized stock-based compensation expense was $7.4 million for unvested stock options and is expected to be recognized over a weighted average period of 2.2 years.Restricted Stock Units (RSUs)A summary of RSU activity for the three months ended March 31, 2025 is as follows:RSUsWeighted Average Grant Date Fair Value per ShareUnvested and outstanding as of December 31, 20241,043,621$63.35 Granted1,194,11268.15 Vested(107,613)67.22 Forfeited or expired(224,852)67.82 Unvested and outstanding as of March 31, 20251,905,268$65.61 As of March 31, 2025, unrecognized stock-based compensation expense was $105.6 million for unvested RSUs and is expected to be recognized over a weighted average period of 3.4 years.CEO Performance-Based RSUOn April 17