Company: IBTA
Filing Date: 2025-03-31
Form Type: 8-K/A
Source: 0001628280-25-015663
Chunk: 1

Company: Ibotta, Inc.
Filing Date: 2025-03-31
Form: 8-K/A
Chunk 1
---
 by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

#### Explanatory Note
On March 14, 2025, Ibotta, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original 8-K”), announcing the resignation of the Company's Chief Financial Officer, Sunit Patel, and the appointment of Valarie Sheppard as the Company's Interim Chief Financial Officer. This amendment to the Original 8-K ("Amendment No. 1") is being filed to supplement the Company's disclosure under Item 5.02 of the Original 8-K with respect to the terms of Ms. Sheppard's compensation agreement, which terms were not known at the time of the filing of the Original 8-K. The Original 8-K otherwise remains unchanged.

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

As previously reported on the Original 8-K, the Company's Chief Financial Officer, Sunit Patel, resigned, and Valarie Sheppard, a member of the Company's Board of Directors (the "Board"), assumed the role of Interim Chief Financial Officer, effective March 14, 2025.

On March 27, 2025, the Company's Compensation Committee approved the terms of Ms. Sheppard's compensation (the "Offer Letter"). Under the terms of the Offer Letter, Ms. Sheppard is entitled to: (i) cash compensation at a bi-weekly rate of $35,769.23 less payroll deductions and all required withholdings, which on an annual basis is $930,000.00; and (ii) restricted stock units in the amount of $1,377,271.06 (the “New Hire RSUs”). The number of New Hire RSUs will be calculated based on the average of the closing prices of the Class A common stock of the Company on the New York Stock Exchange during the period of seven consecutive trading days ending on