4//SEC Filing
HARRISON JOHN C. 4
Accession 0001209191-20-062967
CIK 0001728688other
Filed
Dec 10, 7:00 PM ET
Accepted
Dec 11, 4:48 PM ET
Size
12.8 KB
Accession
0001209191-20-062967
Insider Transaction Report
Form 4
HARRISON JOHN C.
Director
Transactions
- Sale
Class A common stock, par value $0.0001 per share
2020-12-10$27.10/sh−280,000$7,588,000→ 0 total(indirect: By LLC) - Conversion
Common Units
2020-12-10−280,000→ 281,606 total(indirect: By LLC)→ Class A common stock, par value $0.0001 per share (280,000 underlying) - Conversion
Class A common stock, par value $0.0001 per share
2020-12-10+280,000→ 280,000 total(indirect: By LLC) - Other
Class B common stock, par value $0.0001 per share
2020-12-10−280,000→ 281,606 total(indirect: By LLC)
Footnotes (6)
- [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 HMP III Equity Holdings, LLC ("HMPEH"). Decisions regarding the voting or disposition of the shares held by the foregoing are made by an investment committee or committees (or authorized sub-committees or designees thereof), of which the Reporting Person is a member. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F3]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.
- [F4]Represents shares of Class B Common Stock held by HMPEH. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F5]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.
- [F6]Represents Common Units held by HMPEH. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
Documents
Issuer
i3 Verticals, Inc.
CIK 0001728688
Entity typeother
Related Parties
1- filerCIK 0001738150
Filing Metadata
- Form type
- 4
- Filed
- Dec 10, 7:00 PM ET
- Accepted
- Dec 11, 4:48 PM ET
- Size
- 12.8 KB