Company: IBTA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001538379-25-000010
Chunk: 100

Company: Ibotta, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 100
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1 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 six months ended June 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(466,024)15.81 Forfeited or expired(112,278)17.28 Options outstanding as of June 30, 20252,701,181$15.36 5.9$57,382 Options vested and exercisable as of June 30, 20252,159,252$14.47 5.4$47,783 During the six months ended June 30, 2025, no stock options were granted and the total intrinsic value of stock options exercised was $15.3 million. As of June 30, 2025, unrecognized stock-based compensation expense was $6.0 million for unvested stock options and is expected to be recognized over a weighted average period of 2.0 years.Restricted Stock Units (RSUs)A summary of RSU activity for the six months ended June 30, 2025 is as follows:RSUsWeighted Average Grant Date Fair Value per ShareUnvested and outstanding as of December 31, 20241,043,621$63.35 Granted1,577,44162.02 Vested(244,748)66.68 Forfeited or expired(285,671)65.19 Unvested and outstanding as of June 30, 20252,090,643$61.70 As of June 30, 2025, unrecognized stock-based compensation expense was $108.4 million for unvested RSUs and is expected to be recognized over a weighted average period of 3.3 years.

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

CEO Performance-Based RSUOn April 17, 2024, the Company issued a performance-based RSU award to the CEO (CEO PRSU).