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Filing Details

Accession Number:: 0001209191-20-062969
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-12-11 16:49:31
Reporting Period:: 2020-12-10

Accepted Time:: 2020-12-11 16:49:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1728688	I3 Verticals Inc.	IIIV	Services-Business Services, Nec (7389)	824052852

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1738212	Burton Robert Harvey	40 Burton Hills Blvd. Suite 415 Nashville TN 37215		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock, Par Value $0.0001 Per Share	Acquisiton	2020-12-10	151,911	$0.00	151,911	No	4	C	Indirect	By CCSD II, L.P.
Class A Common Stock, Par Value $0.0001 Per Share	Acquisiton	2020-12-10	104,011	$0.00	104,011	No	4	C	Indirect	By Claritas Capital Specialty Debt Fund, LP
Class A Common Stock, Par Value $0.0001 Per Share	Acquisiton	2020-12-10	18,687	$0.00	18,687	No	4	C	Indirect	By CF i3 Corporation
Class A Common Stock, Par Value $0.0001 Per Share	Disposition	2020-12-10	151,911	$27.10	0	No	4	S	Indirect	By CCSD II, L.P.
Class A Common Stock, Par Value $0.0001 Per Share	Disposition	2020-12-10	104,011	$27.10	0	No	4	S	Indirect	By Claritas Capital Specialty Debt Fund, LP
Class A Common Stock, Par Value $0.0001 Per Share	Disposition	2020-12-10	18,687	$27.10	0	No	4	S	Indirect	By CF i3 Corporation
Class B Common Stock, Par Value $0.0001 Per Share	Disposition	2020-12-10	151,911	$0.00	151,910	No	4	J	Indirect	By CCSD II, L.P.
Class B Common Stock, Par Value $0.0001 Per Share	Disposition	2020-12-10	104,011	$0.00	104,012	No	4	J	Indirect	By Claritas Capital Specialty Debt Fund, LP
Class B Common Stock, Par Value $0.0001 Per Share	Disposition	2020-12-10	18,687	$0.00	18,687	No	4	J	Indirect	By CF i3 Corporation

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By CCSD II, L.P.
No	4	C	Indirect	By Claritas Capital Specialty Debt Fund, LP
No	4	C	Indirect	By CF i3 Corporation
No	4	S	Indirect	By CCSD II, L.P.
No	4	S	Indirect	By Claritas Capital Specialty Debt Fund, LP
No	4	S	Indirect	By CF i3 Corporation
No	4	J	Indirect	By CCSD II, L.P.
No	4	J	Indirect	By Claritas Capital Specialty Debt Fund, LP
No	4	J	Indirect	By CF i3 Corporation

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock, Par Value $0.0001 Per Share	Common Units	Disposition	2020-12-10	151,911	$0.00	151,911	$0.00
Class A Common Stock, Par Value $0.0001 Per Share	Common Units	Disposition	2020-12-10	104,011	$0.00	104,011	$0.00
Class A Common Stock, Par Value $0.0001 Per Share	Common Units	Disposition	2020-12-10	18,687	$0.00	18,687	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
151,910	No	4	C	Indirect
104,012	No	4	C	Indirect
18,687	No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class B Common Stock, Par Value $0.0001 Per Share	11,716	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock, Par Value $0.0001 Per Share	Common Units	$0.00			11,716	11,716	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	11,716	11,716	Direct

Footnotes

Represents shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock") of i3 Verticals, Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common units in i3 Verticals, LLC (the "Common Units").
Represents shares of Class A Common Stock held by CCSD II, L.P. ("CCSD"), of which the Reporting Person serves as a voting member of the investment committee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Represents shares of Class A Common Stock held by Claritas Capital Specialty Debt Fund, L.P. ("Claritas"), of which the Reporting Person serves as a voting member of the investment committee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Represents shares of Class A Common Stock held by CF i3 Corporation ("CF"), of which the Reporting Person serves as an officer. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B common stock, par value $0.0001 per share ("Class B Common Stock") are cancelled for no consideration on a one-to-one basis upon redemption of the Common Units for shares of Class A Common Stock of the Issuer.
Represents shares of Class B Common Stock held by CCSD. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Represents shares of Class B Common Stock held by Claritas. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Represents shares of Class B Common Stock held by CF. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
The Common Units may be redeemed by the holder at any time for an equal number of shares of Class A Common Stock or, at the election of i3 Verticals, LLC, cash equal to the volume-weighted average market price of such shares. Upon the redemption of a Common Unit for Class A Common Stock, any corresponding share of Class B Common Stock will be cancelled. The Common Units have no expiration date.
Represents Common Units held by CCSD. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Represents Common Units held by Claritas. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Represents Common Units held by CF. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.