Company: IBTA
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001628280-25-051720
Chunk: 146

Company: Ibotta, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 146
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 entitled to 20 votes per share and is convertible at any time into one share of the Company’s Class A common stock at the option of the holder.The Company had shares of common stock reserved for issuance as follows:September 30, 2025December 31, 2024Stock options outstanding2,607,7153,279,483Restricted stock units outstanding2,241,6771,043,621Restricted stock purchase—11,641Common stock warrant4,121,0344,121,034Remaining shares reserved for future issuances under the 2024 Equity Incentive Plan4,465,9994,277,680Remaining shares reserved for future issuances under the 2024 Employee Stock Purchase Plan984,746666,124Total shares14,421,17113,399,583Restricted Stock Purchase On February 9, 2021, the Company granted an officer of the Company the right to purchase 408,824 shares of restricted common stock, and the officer exercised the purchase option at the grant date fair value of $8.30 per share, for a total exercise price of $3.4 million (restricted stock purchase). As 

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

the restricted stock purchase contained a repurchase option for the Company, the exercise price was initially recognized as a deposit liability that is offset to additional paid-in capital as the repurchase option is released. One quarter of the shares were released from the Company’s repurchase option on the one-year anniversary of the grant, and one forty-eighth of the shares are released monthly for the 36 months thereafter. As of September 30, 2025, the purchase price of $3.4 million had been released from the Company’s repurchase option and recorded to additional paid-in capital. As of December 31, 2024, $3.3 million had been released from the repurchase option and recorded to additional paid-in capital with the remainder of $0.1 million recorded in other current liabilities.Common Stock WarrantOn May 17, 2021, the Company issued the Walmart Warrant in connection with a multi-year strategic relationship that makes Ibotta the exclusive provider of digital item-level rebate offer content for Walmart U.S. (Commercial Agreement). The Walmart Warrant was issued in exchange for access to Walmart consumers and is accounted for under ASC 718, Compensation–Stock Compensation (ASC 718), as a share-based payment