Form 4 for IIIV i3 Verticals, Inc.
Accepted 2024-11-29 00:00:00 ET · period of report 2024-11-27 · accession 0001728688-24-000108 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-11-29 | 2024-11-27 | IIIV | STANFORD FREDERICK | Pres | S - Sale | $25.28 | -17.6K | 2,610 | -87% | -$444.3K |
| D | 2024-11-29 | 2024-11-27 | IIIV | STANFORD FREDERICK | Pres | C - Cnv Deriv | — | +17.6K | 17.6K | New | — |
| D | 2024-11-29 | 2024-11-27 | IIIV | STANFORD FREDERICK | Pres | J - Other | — | -17.6K | 100.0K | -15% | — |
| D | 2024-11-29 | 2024-11-27 | IIIV | STANFORD FREDERICK | Pres | C - Cnv Deriv | — | -17.6K | 100.0K | -15% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A common stock, par value $0.0001 per share | 2024-11-27 | S | D | 2,610 | $26.13 | 0 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.79 to $26.20, inclusive. |
| 2 | Common | Class A common stock, par value $0.0001 per share | 2024-11-27 | S | D | 14,967 | $25.13 | 2,610 | D | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.78 to $25.70, 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 ranges set forth in footnotes (2) and (3) to this Form 4 |
| 3 | Common | Class A common stock, par value $0.0001 per share | 2024-11-27 | C | A | 17,577 | — | 17,577 | D | — | — | (F1) 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"). |
| 4 | Common | Class B common stock, par value $0.0001 per share | 2024-11-27 | J | D | 17,577 | — | 100,000 | D | — | — | (F4) 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. |
| 5 | Derivative | Common Units | 2024-11-27 | C | D | 17,577 | — | 100,000 | D | — · — to — | 17,577 Class A common stock, par value $0.0001 per share | (F5) 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. (F6) All Common Units are fully vested and have no expiration date. |