4//SEC Filing
WHITSON CLAY M 4
Accession 0001209191-23-029823
CIK 0001728688other
Filed
May 15, 8:00 PM ET
Accepted
May 16, 4:43 PM ET
Size
11.6 KB
Accession
0001209191-23-029823
Insider Transaction Report
Form 4
WHITSON CLAY M
DirectorChief Strategy Officer
Transactions
- Gift
Common Units
2023-05-12−35,570→ 0 total(indirect: By Clay M. Whitson 2018 GRAT)→ Class A common stock, par value $0.0001 per share (35,570 underlying) - Gift
Class B common stock, par value $0.0001 per share
2023-05-12−35,570→ 0 total(indirect: By Clay M. Whitson 2018 GRAT)
Holdings
- 263,292
Class B common stock, par value $0.0001 per share
- 263,292
Common Units
→ Class A common stock, par value $0.0001 per share (263,292 underlying)
Footnotes (9)
- [F1]The reporting person caused the Clay M. Whitson 2018 Grantor Retained Annuity Trust (the "Trust") to transfer for no consideration these shares of Class B common stock, par value $0.0001 per share (the "Class B Common Stock") of i3 Verticals, Inc. (the "Issuer").
- [F2]Represents shares of Class B Common Stock of the Issuer held by the Trust.
- [F3]Certain of the reported directly owned shares of Class B Common Stock of the Issuer were transferred from the Trust, of which the Reporting Person is trustee and beneficiary, to the Reporting Person individually, in a transaction exempted by Rule 16a-13.
- [F4]Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock are cancellable for no consideration on a one-to-one basis upon any redemption of the common units in i3 Verticals, LLC (the "Common Units") for shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock") of the Issuer.
- [F5]The 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.
- [F6]The reporting person caused the Trust to transfer for no consideration these Common Units.
- [F7]All Common Units are fully vested and have no expiration date.
- [F8]Represents Common Units held by the Trust.
- [F9]Certain of the reported directly owned Common Units were transferred from the Trust to the Reporting Person individually, in a transaction exempted by Rule 16a-13.
Documents
Issuer
i3 Verticals, Inc.
CIK 0001728688
Entity typeother
IncorporatedGA
Related Parties
1- filerCIK 0001072796
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 4:43 PM ET
- Size
- 11.6 KB