Form 4 for IIIV i3 Verticals, Inc.
Accepted 2025-01-24 00:00:00 ET · period of report 2025-01-23 · accession 0001728688-25-000035 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-01-24 | 2025-01-23 | IIIV | WILDS DAVID M | Dir | D - Sale to Iss | $0.00 | -9,979 | 260.7K | -4% | $0 | |
| MI | 2025-01-24 | 2025-01-23 | IIIV | WILDS DAVID M | Dir | D - Sale to Iss | $0.00 | -10.2K | 258.6K | -4% | $0 |
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 B common stock, par value $0.0001 per share | 2025-01-23 | D | D | 9,979 | $0.00 | 260,657 | D By wife | — | — | (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. (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. |
| 2 | Common | Class B common stock, par value $0.0001 per share | 2025-01-23 | D | D | 289 | $0.00 | 7,550 | I By Front Street Equities, LLC | — | — | (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. (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. |
| 3 | Common | Class B common stock, par value $0.0001 per share | 2025-01-23 | D | D | 9,899 | $0.00 | 258,576 | I | — | — | (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. |