LAISURE CHRISTOPHER 4

What Happened Christopher Laisure, President — Public Sector at i3 Verticals (IIIV), was granted 135,000 derivative securities on 2026-02-10 (reported as acquired at $0) and, on 2026-02-11, had 2,456 shares withheld/disposed at $21.88 each to cover tax obligations, generating $53,737. The 2,456-share transaction was a tax-withholding (code F), not an open-market sale.

Key Details

• Transactions:
  • 2026-02-10: Acquisition (grant) of 135,000 derivative shares @ $0 (reported as "A").
  • 2026-02-11: Shares withheld/disposed 2,456 @ $21.88 = $53,737 (tax withholding, code F).
• Shares owned after transaction: not separately disclosed in the Form 4 filing.
• Footnotes from the filing:
  • F1: The 2,456 shares were withheld to cover taxes following the vesting of 5,500 restricted stock units originally granted on Feb 11, 2025.
  • F2: The reported securities are held by BIS HQ, GP, a general partnership of which the reporting person is the President.
  • F3: The granted options/securities 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 — no late filing indicated.

Context

• The 135,000-item entry is a derivative grant (likely stock options or similar) that vests over five years per the footnote; it was recorded at $0 in the report (typical for option grants where exercise price and grant terms are detailed elsewhere).
• The 2,456-share disposition was a routine tax-withholding action related to vested RSUs, not a discretionary sale signaling sentiment. Routine withholding/garnishment does not itself indicate insider confidence or lack thereof.