SCHEDULE 13G: Crosslink Capital and Michael J. Stark Disclose 5.1% Stake in i3 Verticals, Inc.

Crosslink Capital, Inc. and Michael J. Stark have reported a beneficial ownership of 5.1% of i3 Verticals, Inc.'s Class A Common Stock as of March 31, 2025.

Summary

• Crosslink Capital, Inc. and Michael J. Stark (collectively, the "Reporting Persons") have filed a Schedule 13G with the SEC.
• The Reporting Persons beneficially own an aggregate of 1,242,600 shares of i3 Verticals, Inc.'s Class A Common Stock.
• This ownership represents 5.1% of the total outstanding Class A Common Stock of i3 Verticals, Inc.
• The beneficial ownership includes shared voting power and shared dispositive power over all 1,242,600 shares.
• The percentage of ownership is calculated based on 24,384,745 shares of Class A common stock outstanding as of May 8, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed on May 9, 2025.
• The Reporting Persons explicitly state they disclaim status as a "group" for the purposes of this Schedule 13G.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. A Schedule 13G filing is primarily a factual disclosure of ownership. The positive aspect stems from a notable institutional investor taking a significant stake, which can be perceived as a vote of confidence, but the document itself does not provide new operational or financial performance data.

Positives

• The disclosure of a 5.1% stake by an institutional investor like Crosslink Capital and its control person, Michael J. Stark, can be interpreted as a vote of confidence in i3 Verticals, Inc.'s business model and future prospects.
• The statement that the securities are held in the ordinary course of business and not for control purposes suggests a passive, potentially long-term investment intent, which can be viewed favorably by the market.

Future Outlook

This Schedule 13G filing does not contain forward-looking statements or guidance regarding i3 Verticals, Inc.'s future performance or the Reporting Persons' future investment intentions beyond the standard certification that the securities are held in the ordinary course of business.

Management Comments

• "The Reporting Persons expressly disclaim status as a 'group' for purposes of this Schedule 13G."
• "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing indicates a significant institutional investment in i3 Verticals, Inc., a company operating in the financial technology and integrated payments industry. Such disclosures are routine for investors crossing beneficial ownership thresholds and can signal market confidence or strategic positioning within the sector.

Comparison to Industry Standards

• As a Schedule 13G filing, this document primarily serves as a disclosure of beneficial ownership and does not provide operational or financial results for comparison to industry standards.
• The document does not mention specific comparable companies, projects, or results to assess i3 Verticals, Inc.'s performance against industry benchmarks.

Stakeholder Impact

• For shareholders, this filing indicates that a significant institutional investor has taken a notable stake, which could be viewed positively as a sign of confidence in the company's long-term prospects.
• For potential investors, it provides transparency regarding major ownership positions within the company's stock.

Key Dates

Keywords

i3 Verticals Inc., Crosslink Capital, Michael J. Stark, Schedule 13G, beneficial ownership, Class A Common Stock, institutional investment, SEC filing, equity stake, investment management