Company: IBTA
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017508
Chunk: 59

Company: Ibotta, Inc.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 59
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 any of these individuals or entities, had or will have a direct or indirect material interest.

#### Initial Public Offering Matters
At our request, the underwriters in connection with our initial public offering reserved up to 5% of the shares offered for sale at the initial public offering price through a directed share program available to certain persons

#### Ibotta, Inc.422025 Proxy Statement
identified by management, which included certain directors, officers, and employees, and their friends and family members.

In connection with our initial public offering, we entered into an exchange agreement with Bryan Leach and certain related entities, pursuant to which 3,668,427 shares of our Class A common stock beneficially owned by Mr. Leach and certain related entities were automatically exchanged for an equivalent number of shares of our Class B common stock immediately following the effectiveness of the amended and restated certificate of incorporation, which occurred prior to the completion of our initial public offering. In addition, pursuant to an Equity Exchange Right Agreement entered into between us and Mr. Leach, Mr. Leach has a right (but not an obligation) to require us to exchange, for Class B common stock, any shares of Class A common stock received as a result of the exercise, vesting, and/or settlement of options to purchase shares of Class A common stock and/or RSUs covering shares of Class A common stock. The Equity Exchange Right Agreement applies only to equity awards granted to Mr. Leach prior to the effectiveness of the filing of our amended and restated certificate of incorporation in connection with our initial public offering. As of March 15, 2025, the Equity Exchange Right Agreement covered 384,621 shares of restricted stock units and options to purchase 1,029,942 shares of Class A common stock.

Retention of Wilson Sonsini Goodrich & Rosati, P.C.

Larry W. Sonsini, a member of the Company’s Board of Directors, is a founding partner of the law firm Wilson Sonsini Goodrich and Rosati, Professional Corporation (Wilson Sonsini), which serves as outside corporate counsel to the Company. During the year ended December 31, 2024, the Company spent a total of $ 4,099,058 on services provided by Wilson Sonsini . Amounts payable to Wilson Sonsini were $394,510 as of December 31, 2024.

#### Convertible Notes
The Company issued convertible notes to certain investors on March 24, 2022. Convertible notes in the principal aggregate amount of $69