---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-012726"
form_type: "8-K"
ticker: "IBTA"
cik: "0001538379"
company_name: "Ibotta, Inc."
filed_at: "2025-03-14T23:59:59+00:00"
generated_at: "2026-05-24T18:13:10.192401+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ibotta CFO Sunit Patel resigns; board member Valarie Sheppard appointed Interim CFO

## Summary
- Sunit Patel resigns as CFO effective March 14, 2025; will stay through March 28 and advise for at least one year.
- Valarie Sheppard, Ibotta board member since 2021, appointed Interim CFO; steps down as Lead Independent Director and Audit Chair.
- Patel leaves for an external opportunity in the telecom sector; search for a permanent CFO has begun.
- Sheppard previously served as Treasurer and Controller at Procter & Gamble, with extensive financial leadership.

## SEC filing metadata
- accession: 0001628280-25-012726
- form_type: 8-K
- ticker: IBTA
- cik: 0001538379
- company_name: Ibotta, Inc.
- filed_at: 2025-03-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538379/000162828025012726/0001628280-25-012726-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538379/000162828025012726/ibta-20250312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-012726
- JSON: https://secwatch.observer/filing/0001628280-25-012726.json
- Plain text: https://secwatch.observer/filing/0001628280-25-012726.txt

## Key facts
- Executive change
  Valarie Sheppard was appointed as Interim Chief Financial Officer at Ibotta, Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: Valarie Sheppard, a member of the Company’s Board of Directors (the “Board”) will assume the position of the Company’s Interim Chief Financial Officer, effective March 14, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538379/000162828025012726/0001628280-25-012726-index.htm
- Executive change
  Sunit Patel resigned as Chief Financial Officer at Ibotta, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: Sunit Patel resigned as Chief Financial Officer and Principal Financial Officer of Ibotta, Inc. (the “Company”), effective March 14, 2025, and he will remain with the Company through March 28, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538379/000162828025012726/0001628280-25-012726-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.