4//SEC Filing
WILDS DAVID M 4
Accession 0001062406-25-000003
CIK 0001728688other
Filed
Dec 11, 7:00 PM ET
Accepted
Dec 12, 4:51 PM ET
Size
15.4 KB
Accession
0001062406-25-000003
Insider Transaction Report
Form 4
WILDS DAVID M
Director
Transactions
- Other
Class B common stock, par value $0.0001 per share
2025-12-10−7,550→ 0 total(indirect: By Spouse) - Sale
Common Units
2025-12-10$24.50/sh−7,550$184,975→ 0 total(indirect: By Spouse)→ Class A common stock, par value $0.0001 per share (7,550 underlying) - Purchase
Common Units
2025-12-10$24.50/sh+7,550$184,975→ 268,207 total→ Class A common stock, par value $0.0001 per share (7,550 underlying)
Holdings
- 40,176(indirect: By LLC)
Class B common stock, par value $0.0001 per share
- 40,176(indirect: By LLC)
Common Units
→ Class A common stock, par value $0.0001 per share (40,176 underlying)
Footnotes (6)
- [F1]Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer and the Limited Liability Company Agreement of i3 Verticals, LLC, upon a permitted transfer of common units of i3 Verticals, LLC, the transferor must also transfer an equivalent number of shares of the Issuer's Class B common stock, par value $0.0001 per share ("Class B Common Stock") to the transferee. The shares of Class B Common Stock (i) confer no incidents of economic ownership on the holders thereof, (ii) only confer voting rights on the holders thereof and (iii) may only be issued, on a one-for-one basis, to the holders of Common Units.
- [F2]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.
- [F3]Represents shares of Class B Common Stock held by 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.
- [F4]The Common Units may be redeemed by the holder at any time for an equal number of shares of Class A common stock, par value $0.0001 per share ("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.
- [F5]Represents permitted transfer of Common Units pursuant to the Limited Liability Company Agreement of i3 Verticals, LLC from Reporting Person's wife to Reporting Person for $24.50 per Common Unit.
- [F6]Represents Common Units held by Front Street Equities, LLC. 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.
Documents
Issuer
i3 Verticals, Inc.
CIK 0001728688
Entity typeother
IncorporatedKY
Related Parties
1- filerCIK 0001062406
Filing Metadata
- Form type
- 4
- Filed
- Dec 11, 7:00 PM ET
- Accepted
- Dec 12, 4:51 PM ET
- Size
- 15.4 KB