4//SEC Filing
DAILY GREGORY S 4
Accession 0001728688-25-000105
CIK 0001728688other
Filed
Aug 6, 8:00 PM ET
Accepted
Aug 7, 4:49 PM ET
Size
15.6 KB
Accession
0001728688-25-000105
Insider Transaction Report
Form 4
DAILY GREGORY S
DirectorChief Executive Officer10% Owner
Transactions
- Gift
Class B common stock, par value $0.0001 per share
2025-08-06−335,511→ 4,170,657 total - Gift
Class B common stock, par value $0.0001 per share
2025-08-06+335,511→ 335,511 total(indirect: By Trust) - Gift
Common Units
2025-08-06+335,511→ 335,511 total(indirect: By Trust)→ Class A common stock, par value $0.0001 per share (335,511 underlying) - Gift
Common Units
2025-08-06−335,511→ 4,170,657 total→ Class A common stock, par value $0.0001 per share (335,511 underlying)
Holdings
- 2,449,437(indirect: By LLC)
Class B common stock, par value $0.0001 per share
- 2,449,437(indirect: By LLC)
Common Units
→ Class A common stock, par value $0.0001 per share (2,449,437 underlying)
Footnotes (9)
- [F1]The Reporting Person transferred these shares of Class B common stock, par value $0.0001 per share (the "Class B Common Stock") of i3 Verticals, Inc. (the "Issuer") to the CFD 2025 Exempt Irrevocable Trust (the "CFD Trust"), for no consideration.
- [F2]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.
- [F3]Represents shares of Class B Common Stock of the Issuer held by the CFD Trust, of which the Reporting Person's spouse is trustee and beneficiary. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F4]Represents shares of Class B Common Stock held by Daily Family Investment, LLC ("DFI"), of which the Reporting Person serves as tax matters partner. 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 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 transferred these Common Units to the CFD Trust for no consideration.
- [F7]All Common Units are fully vested and have no expiration date.
- [F8]Represents Common Units held by CFD Trust. The Reporting Person disclaims beneficial ownership of such Common Units except to the extent of his pecuniary interest therein.
- [F9]Represents Common Units held by DFI. The Reporting Person disclaims beneficial ownership of such Common Units except to the extent of his pecuniary interest therein.
Documents
Issuer
i3 Verticals, Inc.
CIK 0001728688
Entity typeother
Related Parties
1- filerCIK 0001072783
Filing Metadata
- Form type
- 4
- Filed
- Aug 6, 8:00 PM ET
- Accepted
- Aug 7, 4:49 PM ET
- Size
- 15.6 KB