Filing Details
- Accession Number:
- 0001209191-21-066452
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-11-23 16:36:25
- Reporting Period:
- 2021-11-22
- Accepted Time:
- 2021-11-23 16:36:25
- 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 |
|---|---|---|---|---|---|---|---|
| 1737443 | Frederick Stanford | 40 Burton Hills Blvd. Suite 415 Nashville TN 37215 | President | No | Yes | No | No |
Reported Non-Derivative Transactions
| 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 | 2021-11-22 | 15,000 | $0.00 | 15,000 | No | 4 | C | Direct | |
| Class A Common Stock, Par Value $0.0001 Per Share | Disposition | 2021-11-22 | 14,036 | $21.14 | 964 | No | 4 | S | Direct | |
| Class A Common Stock, Par Value $0.0001 Per Share | Disposition | 2021-11-22 | 964 | $22.25 | 0 | No | 4 | S | Direct | |
| Class B Common Stock, Par Value $0.0001 Per Share | Disposition | 2021-11-22 | 15,000 | $0.00 | 117,577 | No | 4 | J | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | J | Direct |
Reported Derivative Transactions
| 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 | 2021-11-22 | 15,000 | $0.00 | 15,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 117,577 | No | 4 | C | 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").
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2021.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.51 to $21.42, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- 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.
- The vested Common Units may be redeemed by the Reporting Person 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 Reporting Person's redemption of a Common Unit for Class A Common Stock, any corresponding share of Class B Common Stock will be cancelled.
- All Common Units are fully vested and have no expiration date.
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