Filing Details

Accession Number:
0001209191-20-062414
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-12-09 10:40:15
Reporting Period:
2020-12-07
Accepted Time:
2020-12-09 10:40:15
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1728688 I3 Verticals Inc. IIIV Services-Business Services, Nec (7389) 824052852
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1737443 Frederick Stanford 40 Burton Hills Blvd.
Suite 415
Nashville TN 37215
President No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock, Par Value $0.0001 Per Share Acquisiton 2020-12-07 45,000 $0.00 45,000 No 4 C Direct
Class A Common Stock, Par Value $0.0001 Per Share Disposition 2020-12-07 27,584 $28.85 17,416 No 4 S Direct
Class A Common Stock, Par Value $0.0001 Per Share Disposition 2020-12-07 1,387 $29.86 16,029 No 4 S Direct
Class A Common Stock, Par Value $0.0001 Per Share Disposition 2020-12-08 16,029 $28.88 0 No 4 S Direct
Class B Common Stock, Par Value $0.0001 Per Share Disposition 2020-12-07 45,000 $0.00 132,577 No 4 J Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 J Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock, Par Value $0.0001 Per Share Common Units Disposition 2020-12-07 45,000 $0.00 45,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
132,577 No 4 C Direct
Footnotes
  1. 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").
  2. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 14, 2020.
  3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.50 to $29.31, 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 3, 4 and 5 to this filing.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.50 to $30.27, inclusive.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.50 to $29.28, inclusive.
  6. 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.
  7. 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.
  8. All Common Units are fully vested and have no expiration date.