MORGAN DAVID K. 4

What Happened

• David K. Morgan, a director of i3 Verticals, was granted 6,496 restricted stock units (RSUs) on February 10, 2026. The Form 4 reports an acquisition price of $0.00 for the award (i.e., a grant rather than a market purchase), and the filing records the total as $0.
• This is a compensation award (not a sale or open‑market purchase) and therefore does not reflect an immediate cash transaction or change in market holdings until the RSUs vest and convert to shares.

Key Details

• Transaction date: 2026-02-10; Form 4 filed: 2026-02-12 (timely).
• Transaction type/code: Award/Grant (A); acquisition price reported as $0.00.
• Shares granted: 6,496 RSUs. Filing does not disclose total shares owned after the grant.
• Footnote: These RSUs "will vest in full on the first anniversary of the grant date, subject to the Reporting Person's continued service with the Issuer" (per footnote F1).
• No 10b5-1 plan, tax‑withholding detail, or late filing noted in the disclosure.

Context

• RSUs are common equity compensation: they convert to actual shares only upon vesting and are typically subject to service conditions and potential tax withholding. Because these units vest in one year, they are not immediately liquid and do not indicate an immediate buy/sell decision by the insider.
• Awards like this are routine for executive/director compensation and should be interpreted as part of pay, not necessarily a direct signal of the insider’s short‑term view on the stock.