Form 4 for IIIV i3 Verticals, Inc.
Accepted 2025-05-15 00:00:00 ET · period of report 2025-05-13 · accession 0001728688-25-000094 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2025-05-15 | 2025-05-13 | IIIV | HARVEY ROBERT BURTON | Dir | C - Cnv Deriv | — | +71.9K | 4,515 | New | — |
| DMI | 2025-05-15 | 2025-05-13 | IIIV | HARVEY ROBERT BURTON | Dir | J - Other | — | -71.9K | 0 | -100% | — |
| DMI | 2025-05-15 | 2025-05-13 | IIIV | HARVEY ROBERT BURTON | Dir | S - Sale | $24.81 | -71.9K | 0 | -100% | -$1.78M |
| DMI | 2025-05-15 | 2025-05-13 | IIIV | HARVEY ROBERT BURTON | Dir | C - Cnv Deriv | — | -71.9K | 0 | -100% | — |
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 | 2025-05-13 | C | A | 40,365 | — | 40,365 | I By CCSD II, L.P. | — | — | (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"). (F2) Represents shares of Class A Common Stock held by CCSD II, L.P. ("CCSD"), of which the Reporting Person serves as a voting member of the investment committee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |
| 2 | Common | Class A common stock, par value $0.0001 per share | 2025-05-13 | C | A | 26,980 | — | 26,980 | I By Claritas Capital Specialty Debt Fund, LP | — | — | (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"). (F3) Represents shares of Class A Common Stock held by Claritas Capital Specialty Debt Fund, L.P. ("Claritas"), of which the Reporting Person serves as a voting member of the investment committee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |
| 3 | Common | Class A common stock, par value $0.0001 per share | 2025-05-13 | C | A | 4,515 | — | 4,515 | I By CF i3 Corporation | — | — | (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"). (F4) Represents shares of Class A Common Stock held by CF i3 Corporation ("CF"), of which the Reporting Person serves as an officer. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |
| 4 | Common | Class B common stock, par value $0.0001 per share | 2025-05-13 | J | D | 26,980 | — | 0 | I By Claritas Capital Specialty Debt Fund, LP | — | — | (F6) 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. (F8) Represents shares of Class B Common Stock held by Claritas. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |
| 5 | Common | Class A common stock, par value $0.0001 per share | 2025-05-13 | S | D | 26,980 | $24.82 | 0 | I By Claritas Capital Specialty Debt Fund, LP | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.51 to $25.36, 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 this footnote. (F3) Represents shares of Class A Common Stock held by Claritas Capital Specialty Debt Fund, L.P. ("Claritas"), of which the Reporting Person serves as a voting member of the investment committee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |
| 6 | Common | Class A common stock, par value $0.0001 per share | 2025-05-13 | S | D | 4,515 | $24.76 | 0 | I By CF i3 Corporation | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.51 to $25.36, 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 this footnote. (F4) Represents shares of Class A Common Stock held by CF i3 Corporation ("CF"), of which the Reporting Person serves as an officer. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |
| 7 | Common | Class B common stock, par value $0.0001 per share | 2025-05-13 | J | D | 40,365 | — | 0 | I By CCSD II, L.P. | — | — | (F6) 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. (F7) Represents shares of Class B Common Stock held by CCSD. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |
| 8 | Common | Class B common stock, par value $0.0001 per share | 2025-05-13 | J | D | 4,515 | — | 0 | I By CF i3 Corporation | — | — | (F6) 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. (F9) Represents shares of Class B Common Stock held by CF. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |
| 9 | Common | Class A common stock, par value $0.0001 per share | 2025-05-13 | S | D | 40,365 | $24.81 | 0 | I By CCSD II, L.P. | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.51 to $25.36, 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 this footnote. (F2) Represents shares of Class A Common Stock held by CCSD II, L.P. ("CCSD"), of which the Reporting Person serves as a voting member of the investment committee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |
| 10 | Derivative | Common Units | 2025-05-13 | C | D | 26,980 | — | 0 | I By Claritas Capital Specialty Debt Fund, LP | — · — to — | 26,980 Class A common stock, par value $0.0001 per share | (F10) The Common Units may be redeemed by the holder 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 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. (F12) Represents Common Units held by Claritas. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |
| 11 | Derivative | Common Units | 2025-05-13 | C | D | 40,365 | — | 0 | I By CCSD II, L.P. | — · — to — | 40,365 Class A common stock, par value $0.0001 per share | (F10) The Common Units may be redeemed by the holder 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 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. (F11) Represents Common Units held by CCSD. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |
| 12 | Derivative | Common Units | 2025-05-13 | C | D | 4,515 | — | 0 | I By CF i3 Corporation | — · — to — | 4,515 Class A common stock, par value $0.0001 per share | (F10) The Common Units may be redeemed by the holder 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 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. (F13) Represents Common Units held by CF. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. |