El Tabib Amir 4
Research Summary
AI-generated summary
Ibotta (IBTA) Chief Biz Dev Officer Withholds 4,394 Shares for Taxes
What Happened
- El Tabib Amir, Chief Business Development Officer at Ibotta (IBTA), had 4,394 shares withheld by the company on 2026-03-01 to satisfy tax and withholding obligations tied to the vesting and net settlement of previously granted restricted stock units (RSUs). The shares were valued at $24.97 each, totaling $109,718. This was a withholding for taxes (transaction code F), not an open-market sale by the reporting person.
Key Details
- Transaction date & price: 2026-03-01; 4,394 shares at $24.97 each; total value $109,718.
- Transaction type: Code F — shares withheld by issuer to cover income tax withholding on vested RSUs (net settlement).
- Nature of securities: These were RSUs (contingent rights to receive shares upon vesting).
- Shares owned after transaction: Not specified in this filing.
- Filing date: 2026-03-03 (appears to be filed within the typical Form 4 timing window).
- Footnotes: F1 clarifies this was issuer withholding to satisfy tax obligations, not a sale by the reporting person; F2 notes these securities are RSUs that convert to Class A common stock upon vesting.
Context
- This is a routine tax-withholding event following RSU vesting and does not necessarily indicate any change in insider sentiment. It differs from an open-market sale or purchase: the company retained shares to cover tax obligations (a net settlement), rather than the insider actively selling shares on the market.