DAILY GREGORY S 4
Research Summary
AI-generated summary
i3 Verticals (IIIV) CEO Gregory S. Daily Buys 50,000 Shares
What Happened
Gregory S. Daily, CEO of i3 Verticals, purchased 50,000 shares of the company's Class A common stock in open-market transactions on May 14, 2026. The filing reports a weighted-average price of $19.23 per share for a total reported outlay of $961,500. This was a purchase (insider buying), which many investors view as a bullish signal, though the filing does not state Daily’s motivation.
Key Details
- Transaction date: 2026-05-14; Transaction type: P = Purchase (open market).
- Reported price: weighted average $19.23; purchases executed at prices ranging from $18.72 to $19.35 (see footnote).
- Total reported value: $961,500 (50,000 shares × $19.23 avg).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes:
- F1: The $19.23 is a weighted-average price; trades occurred across the $18.72–$19.35 range. Detailed per-trade pricing is available upon request to the issuer or SEC staff.
- F2–F5: Several holdings referenced are owned by family/related LLCs (Daily Family Investment, GSD Family Investments, Hardsworth LLC); Daily disclaims beneficial ownership of those shares except to the extent of his pecuniary interest and may be deemed an indirect owner for Section 16 purposes.
- Filing timeliness: Reported on 2026-05-14 for the same transaction date — appears to be timely.
Context: This was a straight open-market purchase (no option exercise, award, or gift). Purchases by executives can signal confidence but are just one data point; the filing’s footnotes indicate some holdings are via family entities and the detailed per-trade prices are available from the issuer or SEC staff if needed.