4//SEC Filing
WILDS DAVID M 4
Accession 0001728688-25-000097
CIK 0001728688other
Filed
May 14, 8:00 PM ET
Accepted
May 15, 4:41 PM ET
Size
18.7 KB
Accession
0001728688-25-000097
Insider Transaction Report
Form 4
WILDS DAVID M
Director
Transactions
- Conversion
Class A common stock, par value $0.0001 per share
2025-05-13+218,400→ 218,400 total(indirect: By LLC) - Sale
Class A common stock, par value $0.0001 per share
2025-05-13$24.81/sh−218,400$5,418,504→ 0 total(indirect: By LLC) - Other
Class B common stock, par value $0.0001 per share
2025-05-13−218,400→ 40,176 total(indirect: By LLC) - Conversion
Common Units
2025-05-13−218,400→ 40,176 total(indirect: By LLC)→ Class A common stock, par value $0.0001 per share (218,400 underlying)
Holdings
- 3,876
Class A common stock, par value $0.0001 per share
- 260,657
Class B common stock, par value $0.0001 per share
- 7,550(indirect: By Spouse)
Class B common stock, par value $0.0001 per share
- 260,657
Common Units
→ Class A common stock, par value $0.0001 per share (260,657 underlying) - 7,550(indirect: By Spouse)
Common Units
→ Class A common stock, par value $0.0001 per share (7,550 underlying)
Footnotes (8)
- [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 Front Street Equities, LLC and First Avenue Partners II, L.P. 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. Voting and investment decisions at Front Street Equities, LLC are made by David Wilds, who serves as (a) a limited partner and managing member of First Avenue Partners II, L.P., and (b) the sole member of 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.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.51 to $25.36, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F4]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.
- [F5]Represents shares of Class B Common Stock held by Front Street Equities, LLC and First Avenue Partners II, L.P. 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.
- [F6]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.
- [F7]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.
- [F8]Represents Common Units held by Front Street Equities, LLC and First Avenue Partners II, L.P. 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
- May 14, 8:00 PM ET
- Accepted
- May 15, 4:41 PM ET
- Size
- 18.7 KB