SMITH GEOFFREY C. 4

What Happened
Geoffrey C. Smith, Chief Financial Officer of i3 Verticals, was granted a 180,000-share derivative award on Feb 10, 2026 (reported on Form 4). Separately, 4,338 of his shares were withheld on Feb 11, 2026 to cover taxes related to the vesting of 10,000 restricted stock units; those withheld shares were reported as a disposition valued at 4,338 × $21.88 = $94,915.

Key Details

• Grant: 180,000 shares (derivative) on 2026-02-10, reported at $0 per share (award/derivative).
• Tax withholding: 4,338 shares disposed on 2026-02-11 at $21.88 each, totaling $94,915, to cover tax liability from vesting of 10,000 RSUs granted 2025-02-11 (footnote F1).
• Vesting terms: the derivative award is subject to vesting; footnote F2 states options vest ratably in five equal annual installments beginning on the first anniversary of the grant.
• Ownership after transactions: the filing excerpt provided does not disclose total shares owned following these transactions.
• Filing timeliness: Form 4 was filed 2026-02-12; the report appears timely (within the required reporting window).

Context

• The 180,000-share entry is a derivative award (likely stock options) subject to multi-year vesting, so it does not represent immediately saleable shares.
• The 4,338-share “disposition” is a routine tax-withholding event tied to RSU vesting, not an open-market sell signal.
• These types of awards and withholdings are common executive compensation actions and are informational rather than direct indicators of market sentiment.