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Filing Details

Accession Number:: 0001209191-21-020962
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-03-16 17:33:08
Reporting Period:: 2021-03-15

Accepted Time:: 2021-03-16 17:33:08
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1728688	I3 Verticals Inc.	IIIV	Retail-Variety Stores (5331)	KY

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1062406	M David Wilds	40 Burton Hills Blvd. Suite 415 Nashville TN 37215		Yes	No	No	No

Reported Non-Derivative Transactions

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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	2021-03-15	200,000	$0.00	200,000	No	4	C	Indirect	By Front Street Equities, LLC
Class A Common Stock, Par Value $0.0001 Per Share	Disposition	2021-03-15	200,000	$32.83	0	No	4	S	Indirect	By Front Street Equities, LLC
Class B Common Stock, Par Value $0.0001 Per Share	Disposition	2021-03-15	200,000	$0.00	272,162	No	4	J	Indirect	By Front Street Equities, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By Front Street Equities, LLC
No	4	S	Indirect	By Front Street Equities, LLC
No	4	J	Indirect	By Front Street Equities, LLC

Reported Derivative Transactions

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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	2021-03-15	200,000	$0.00	200,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
272,162			No	4	C	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class B Common Stock, Par Value $0.0001 Per Share	270,636	Direct
Class B Common Stock, Par Value $0.0001 Per Share	7,839	Indirect	By wife

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock, Par Value $0.0001 Per Share	Common Units	$0.00			270,636	270,636	Direct
Class A Common Stock, Par Value $0.0001 Per Share	Common Units	$0.00			7,839	7,839	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	270,636	270,636	Direct
	7,839	7,839	Indirect

Footnotes

Represents shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock") of i3 Verticals, Inc. (the "Issuer") thatwere obtained upon a redemption of an equal number of common units in i3 Verticals, LLC (the "Common Units").
Represents shares of Class A Common Stock held by Front Street Equities, LLC and First Avenue Partners II, L.P. Front Street Equities, LLC is the General Partner of, and exercises voting and investment power over shares held by, First Avenue Partners II, L.P. Voting and investment decisions at Front Street Equities, LLC are made by David Wilds, who serves as (a) a limited partner and managing member of First Avenue Partners II, L.P., and (b) the sole member of Front Street Equities, LLC. 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.
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.
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.
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.
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.
Represents Common Units held by Front Street Equities, LLC and First Avenue Partners II, L.P. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, and the inclusion of these Common Units 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.