CHRISTIANS PAUL 4

What Happened
Paul Christians, Chief Revenue Officer of i3 Verticals (IIIV), received a 135,000-share derivative award (reported 2026-02-10) and, on 2026-02-11, had 3,878 shares withheld to cover taxes related to the vesting of earlier restricted stock units. The withheld shares were reported at $21.88 each, totaling about $84,851. The 135,000-unit grant is reported as a derivative award (acquired at $0.00 in the filing).

Key Details

• Transaction dates and amounts:
  • 2026-02-10: Grant/award of 135,000 derivative shares (reported acquisition price $0.00).
  • 2026-02-11: Tax withholding of 3,878 shares at $21.88 each (Disposition) = $84,851.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: The 3,878 shares withheld covered taxes from the vesting of 10,000 restricted stock units originally granted Feb 11, 2025.
  • F2: The newly reported award includes options that vest ratably in five equal annual installments beginning on the first anniversary of the grant, subject to continued service.
• Filing timeliness: Report filed 2026-02-12 for transactions on 2026-02-10 and 2026-02-11; appears to be filed within the usual Form 4 reporting window.

Context

• The 3,878-share disposition was a tax-withholding event (routine administrative sell/withhold), not an open-market sale reflecting a directional bet.
• The 135,000-unit entry is a derivative award (options/awards) that vests over time per the footnote; it is not an immediate open-market purchase.
• These types of grants are common as compensation and do not by themselves indicate insider confidence or lack thereof; tax withholding is a standard post-vesting action.