SCHEDULE: Crosslink Capital Discloses 3.9% Stake in i3 Verticals

Sentiment:

Beneficial Ownership Report


Crosslink Capital and Michael J. Stark have disclosed a 3.9% beneficial ownership stake in i3 Verticals, Inc. Class A Common Stock as of September 30, 2025.

Summary

  • Crosslink Capital, Inc. and Michael J. Stark (as a control person of Crosslink) are reporting beneficial ownership of i3 Verticals, Inc. Class A Common Stock.
  • The reporting persons collectively own 938,134 shares of Class A Common Stock.
  • This ownership represents 3.9% of the total Class A Common Stock outstanding.
  • The percentage is based on 23,877,023 shares of Class A common stock outstanding as of August 7, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q.
  • 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.
  • The reporting persons expressly disclaim status as a 'group' for purposes of this Schedule 13G.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership and does not contain information that would significantly alter the company's outlook or performance. It indicates a passive investment stance.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or operations.

Industry Context

This filing is a routine disclosure of a passive investment stake by an investment adviser and its control person, which is common practice in the financial industry for transparency regarding significant ownership positions. It does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

  • Minimal impact on shareholders as it is a routine disclosure of a passive investment stake, confirming a significant but non-controlling ownership position by an institutional investor.

Key Dates

DateDescription
08/07/2025Date as of which 23,877,023 shares of Class A common stock were outstanding, used for percentage calculation.
08/08/2025Date i3 Verticals, Inc. filed its Quarterly Report on Form 10-Q with the SEC.
09/30/2025Date of event which requires filing of this statement, representing the beneficial ownership snapshot.
11/14/2025Signature date of the Schedule 13G filing by Crosslink Capital, Inc. and Michael J. Stark.

Keywords

i3 Verticals, Crosslink Capital, Michael J. Stark, Beneficial Ownership, Schedule 13G, Class A Common Stock, Investment Adviser, Passive Investment

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