Leach Bryan 4

What Happened

• Bryan Leach, a 10% owner of Ibotta, exercised/converted 15,142 derivative awards (options/RSU conversions) and immediately sold those 15,142 shares. He exercised 14,092 shares on 2026-07-20 and 1,050 shares on 2026-07-21 at $3.99 per share (total cash paid ~$60,417). He sold 7,001 shares (7/20) and 7,091 shares (7/20) and 1,050 shares (7/21) in open‑market transactions for aggregate proceeds of about $481,855.

Key Details

• Transaction dates: exercise/conversion on 2026-07-20 and 2026-07-21; sales on 2026-07-20 and 2026-07-21.
• Exercise prices paid: $3.99 per share (total ~15,142 shares; ~$60,417 cash outlay).
• Sales proceeds: weighted‑average prices reported — $31.44 (7,001 shares; range $30.93–$31.925), $32.20 (7,091 shares; range $31.945–$32.60), $31.83 (1,050 shares; range $31.36–$32.34); total ≈ $481,855.
• Follow‑on ownership: not specified in the provided data (see the filing for post‑transaction holdings).
• Footnotes: trades were made under a Rule 10b5‑1 trading plan established March 5, 2026 (F1). Some securities are RSUs (F2). The reported sale prices are weighted averages with price ranges provided (F3–F5). Options were fully vested as of the transaction date (F6).
• Timeliness: Report filed 2026-07-22 for transactions dated 2026-07-20/21 — appears timely (Form 4 is generally due within 2 business days).

Context

• This was effectively an exercise (and/or RSU conversion) followed by immediate open‑market sales — a common pattern to cover exercise costs and tax obligations. As a 10% owner rather than an executive trade signal, these transactions reflect insider liquidity rather than an explicit vote of confidence or concern about company prospects. All sales were reported under a prearranged 10b5‑1 plan.