Wilds David M - Jan 23, 2025 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
Jan 23, 2025
Transactions value $
$0
Form type
4
Date filed
1/24/2025, 05:49 PM
Previous filing
Feb 14, 2024
Next filing
Feb 12, 2025
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 Disposed to Issuer $0 -9.98K -3.69% $0.00 261K Jan 23, 2025 Direct F1
transaction IIIV Class B common stock, par value $0.0001 per share Disposed to Issuer $0 -289 -3.69% $0.00 7.55K Jan 23, 2025 By wife F2, F3
transaction IIIV Class B common stock, par value $0.0001 per share Disposed to Issuer $0 -9.9K -3.69% $0.00 259K Jan 23, 2025 By Front Street Equities, LLC F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 23, 2025, the common units of i3 Verticals, LLC (the "Common Units") were recapitalized through a reverse unit split, which resulted in the retirement without consideration of 369,256 shares of the Issuer's Class B common stock, par value $0.0001 per share (the "Class B Common Stock") in accordance with the Amended and Restated Certificate of Incorporation of the Issuer (collectively, the "Recapitalization"). As a result of the Recapitalization, the Common Units and shares of Class B Common Stock beneficially owned by the Reporting Person were reduced by 9,979.
F2 As a result of the Recapitalization, the Common Units and shares of Class B Common Stock beneficially owned by the Reporting Person's wife were reduced by 289.
F3 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.
F4 As a result of the Recapitalization, the Common Units and shares of Class B Common Stock beneficially owned by Front Street Equities, LLC and First Avenue Partners II, L.P. were reduced by 1,538 and 8,361, respectively.
F5 Represents shares of Class B Common Stock 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.