Wilds David M - Oct 22, 2021 Form 4 Insider Report for i3 Verticals, Inc. (IIIV)

Role
Director
Signature
/s/ Paul Maple, Attorney-in-Fact for David M. Wilds
Stock symbol
IIIV
Transactions as of
Oct 22, 2021
Transactions value $
$0
Form type
4
Date filed
1/24/2025, 05:46 PM
Previous filing
Jun 23, 2021
Next filing
Aug 9, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IIIV Class B common stock, par value $0.0001 per share Gift $0 -3.69K -1.35% $0.00 268K Oct 22, 2021 By Front Street Equities, LLC F1
holding IIIV Class B common stock, par value $0.0001 per share 271K Oct 22, 2021 Direct
holding IIIV Class B common stock, par value $0.0001 per share 7.84K Oct 22, 2021 By wife F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IIIV Common Units Gift $0 -3.69K -1.35% $0.00 268K Oct 22, 2021 Class A common stock, par value $0.0001 per share 3.69K By Front Street Equities, LLC F3, F4
holding IIIV Common Units 271K Oct 22, 2021 Class A common stock, par value $0.0001 per share 271K Direct F3, F5
holding IIIV Common Units 7.84K Oct 22, 2021 Class A common stock, par value $0.0001 per share 7.84K By wife F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock") of i3 Verticals, Inc. (the "Issuer") held by Front Street Equities, LLC and First Avenue Partners II, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his respective pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or any other purpose.
F2 This Form 4 shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any securities held solely by the Reporting Person's spouse.
F3 The common units in i3 Verticals, LLC (the "Common Units") may be redeemed by the holder at any time for an equal number of shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock") of the Issuer 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.
F4 Represents Common Units held by Front Street Equities, LLC and First Avenue Partners II, L.P. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, and the inclusion of these Common Units in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or any other purpose.
F5 All Common Units are fully vested and have no expiration date.