3//SEC Filing
FRONT STREET EQUITIES, LLC 3
Accession 0001628280-18-008358
CIK 0001728688other
Filed
Jun 24, 8:00 PM ET
Accepted
Jun 25, 9:35 PM ET
Size
15.6 KB
Accession
0001628280-18-008358
Insider Transaction Report
Form 3
FRONT STREET EQUITIES, LLC
10% Owner
Holdings
- 16,745
Class B common stock, par value $0.0001 per share
- (indirect: By First Avenue Partners II, L.P.)
Common Units
→ Class A common stock, par value $0.0001 per share (2,618,260 underlying) - (indirect: By First Avenue - ETC Partners, L.P.)
Common Units
→ Class A common stock, par value $0.0001 per share (468,383 underlying) - 468,383(indirect: By First Avenue - ETC Partners, L.P.)
Class B common stock, par value $0.0001 per share
- 2,618,260(indirect: By First Avenue Partners II, L.P.)
Class B common stock, par value $0.0001 per share
Common Units
→ Class A common stock, par value $0.0001 per share (16,745 underlying)
FIRST AVENUE - ETC PARTNERS, L.P.
10% Owner
Holdings
- 2,618,260(indirect: By First Avenue Partners II, L.P.)
Class B common stock, par value $0.0001 per share
Common Units
→ Class A common stock, par value $0.0001 per share (16,745 underlying)- (indirect: By First Avenue - ETC Partners, L.P.)
Common Units
→ Class A common stock, par value $0.0001 per share (468,383 underlying) - 16,745
Class B common stock, par value $0.0001 per share
- (indirect: By First Avenue Partners II, L.P.)
Common Units
→ Class A common stock, par value $0.0001 per share (2,618,260 underlying) - 468,383(indirect: By First Avenue - ETC Partners, L.P.)
Class B common stock, par value $0.0001 per share
FIRST AVENUE PARTNERS II LP
10% Owner
Holdings
- 16,745
Class B common stock, par value $0.0001 per share
- 468,383(indirect: By First Avenue - ETC Partners, L.P.)
Class B common stock, par value $0.0001 per share
- 2,618,260(indirect: By First Avenue Partners II, L.P.)
Class B common stock, par value $0.0001 per share
Common Units
→ Class A common stock, par value $0.0001 per share (16,745 underlying)- (indirect: By First Avenue Partners II, L.P.)
Common Units
→ Class A common stock, par value $0.0001 per share (2,618,260 underlying) - (indirect: By First Avenue - ETC Partners, L.P.)
Common Units
→ Class A common stock, par value $0.0001 per share (468,383 underlying)
Footnotes (4)
- [F1]Pursuant to the Reorganization Transactions (as defined in i3 Verticals, Inc.'s (the "Issuer") Registration Statement on Form S-1, as amended (File No. 333-225214) (the "Registration Statement")) as part of the Issuer's initial public offering ("IPO"), the Reporting Person's equity ownership in i3 Verticals, LLC was converted into newly issued common units in i3 Verticals, LLC (each a "Common Unit") together with an equal number of shares of Class B common stock, par value $0.0001 per share (the "Class B Common Stock"), in the Issuer. 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]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. and First Avenue-ETC Partners, L.P. Voting and investment decisions at Front Street Equities, LLC are made by David Wilds, who serves as (a) the sole limited partner and managing member of First Avenue Partners II, L.P., (b) the managing member of First Avenue-ETC Partners, L.P., and (c) the sole member of Front Street Equities, LLC. Mr. Wilds disclaims beneficial ownership of these securities except to the extent of his respective pecuniary interest therein, if any, and the inclusion of these shares in his 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.
- [F3]The vested Common Units may be redeemed by the Reporting Person at any time following the closing of the Issuer's IPO for an equal number of shares of Class A common stock, par value $0.0001 per share (the "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.
- [F4]Pursuant to the Reorganization Transactions (as defined in the Registration Statement) as part of the Issuer's IPO, the Reporting Person's equity ownership in i3 Verticals, LLC was converted into newly issued Common Units together with an equal number of Class B Common Stock, in the Issuer.
Documents
Issuer
i3 Verticals, Inc.
CIK 0001728688
Entity typeother
IncorporatedTN
Related Parties
1- filerCIK 0001742934
Filing Metadata
- Form type
- 3
- Filed
- Jun 24, 8:00 PM ET
- Accepted
- Jun 25, 9:35 PM ET
- Size
- 15.6 KB