Form 4: i3 Verticals CEO Gregory S. Daily Reports Reduction in Class B Common Stock Holdings Following Recapitalization

Gregory S. Daily, CEO of i3 Verticals, Inc., reports a decrease in his and Daily Family Investment, LLC's holdings of Class B common stock due to a recapitalization.

Summary

• Gregory S. Daily, the CEO of i3 Verticals, Inc., has reported a change in his beneficial ownership of the company's Class B common stock.
• The change is a result of a recapitalization of i3 Verticals, LLC, which involved a reverse unit split.
• This recapitalization led to the retirement of 369,256 shares of Class B common stock.
• As a consequence, Mr. Daily's direct holdings of Class B common stock decreased by 172,513 shares.
• Additionally, the holdings of Daily Family Investment, LLC, where Mr. Daily serves as tax matters partner, decreased by 93,774 shares.
• The total reduction in Class B common stock holdings for Mr. Daily and Daily Family Investment, LLC is 266,287 shares.

Sentiment

Score: 5

Explanation: The document is a neutral report of a change in stock ownership due to a corporate action. It does not indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company's executive officer and is not indicative of broader industry trends.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The recapitalization and subsequent reduction in share holdings is a specific event for i3 Verticals and does not have a direct comparison to other companies.

Stakeholder Impact

• The recapitalization and resulting changes in stock ownership may have a minor impact on shareholders, but the overall effect is likely to be neutral.

Key Dates

Keywords

i3 Verticals, Class B common stock, recapitalization, Gregory S. Daily, Daily Family Investment LLC, reverse unit split, SEC Form 4, beneficial ownership