Bryan Leach, CEO, President, and Director of Ibotta, Inc., filed a Form 4 on November 6, 2026, disclosing a conversion of 13,300 shares of Class B Common Stock into Class A Common Stock on November 4, 2026.

Key Highlights

  • Reporting person: Bryan Leach, identified in the filing as CEO, President, Director, and 10% Owner of Ibotta, Inc. (NASDAQ:IBTA).
  • Transaction: On November 4, 2026, Leach converted 13,300 shares of Class B Common Stock into 13,300 shares of Class A Common Stock at a price of $0, using transaction code "C."
  • Post-transaction direct holdings: Following the conversion, Leach directly holds 837,186 shares of Class A Common Stock, some of which are restricted stock units (RSUs), each representing a contingent right to receive one share of Class A Common Stock.
  • Derivative position: Leach directly holds 2,195,124 shares of Class B Common Stock following the reported transaction, which remain convertible into Class A Common Stock on a 1-for-1 basis at no cost at any time at the holder's election.
  • Indirect holdings: Leach also holds indirect beneficial ownership in four trusts totaling 749,000 shares of Class A Common Stock, through two trusts administered by his spouse and two by a sibling.
  • Filing signed: The form was signed by David T. Shapiro by power of attorney on November 6, 2026.

Bryan Leach's Class B to Class A Conversion at Ibotta

According to the filing, Bryan Leach elected on November 4, 2026, to convert 13,300 shares of Class B Common Stock into an equal number of shares of Class A Common Stock at no cost. The filing notes that "each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock at the election of, and at no cost to, the Reporting Person." The transaction is coded "C," indicating a conversion rather than an open-market purchase or sale.

Following the reported transaction, Leach directly holds 837,186 shares of Class A Common Stock. The filing states that certain of these securities are RSUs, with each RSU representing "a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU." Leach's direct holdings of Class B Common Stock stand at 2,195,124 shares following the conversion, all of which remain convertible into Class A Common Stock on a 1-for-1 basis at any time.

The filing also discloses four indirect beneficial ownership positions. Two positions of 289,500 shares each are held by Leach's spouse as trustee, one for the Orion 2021 Legacy Trust and one for the Elysian 2021 Legacy Trust, both dated May 11, 2021. Two additional positions of 85,000 shares each are held by a sibling as trustee, for the Orion 2024 GST Trust and the Elysian 2024 GST Trust, both dated March 20, 2024. All four indirect positions are reported in Class A Common Stock equivalents.

What Was Disclosed

Ibotta CEO and President Bryan Leach reported a voluntary conversion of 13,300 Class B shares into Class A shares on November 4, 2026, at no cost, leaving him with direct holdings of 837,186 Class A shares and 2,195,124 Class B shares, plus 749,000 shares held indirectly through four trusts.