Company: IBTA
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001628280-25-017508
Chunk: 40

Company: Ibotta, Inc.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 40
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Narrative Disclosure to Summary Compensation Table

Employment Arrangements with Our Named Executive Officers

#### Bryan Leach Employment Letter
In connection with our initial public offering, we entered into a new employment letter with Bryan Leach, our Founder, Chief Executive Officer, President, and Chairman. The employment letter does not have a specific term and provides that Mr. Leach’s employment is at-will. Under the employment letter, Mr. Leach’s base salary was increased from $430,000 to $523,000, effective as of the date of effectiveness of the registration statement relating to our initial public offering. The employment letter provided Mr. Leach with an annual on-target bonus opportunity of 100% of his base salary.

#### Sunit Patel Employment Letter
In connection with our initial public offering, we entered into a new employment letter with Sunit Patel, our then-Chief Financial Officer. The employment letter did not have a specific term and provided that Mr. Patel’s employment was at-will. Under the employment letter, Mr. Patel’s base salary was increased from $375,000 to $395,000, effective as of the date of effectiveness of the registration statement relating to our initial public offering. The employment letter provided Mr. Patel with an annual on-target bonus opportunity of 100% of his base salary.

#### Luke Swanson Employment Letter
In connection with our initial public offering, we entered into a new employment letter with Luke Swanson, our Chief Technology Officer. The employment letter does not have a specific term and provides that Mr. Swanson’s employment is at-will. Under the employment letter, Mr. Swanson’s base salary was increased from $430,000 to $455,000, effective as of the date of effectiveness of the registration statement relating to our initial public offering. The employment letter provided Mr. Swanson with an annual on-target bonus opportunity of 100% of his base salary.

Chris Jensen Employment Letter and Separation Agreement

In connection with our initial public offering, we entered into a new employment letter with Chris Jensen, our then-Chief Revenue Officer. The employment letter did not have a specific term and provided that Mr. Jensen’s employment was at-will. Under the employment letter, Mr. Jensen’s base salary was increased from $275,000 to $315,000, effective as of the date of effectiveness of the registration statement relating to our initial public offering. The employment letter provided Mr. Jensen with an annual on-target bonus opportunity of 100% of his base