Form 4: i3 Verticals CEO Transfers Shares to Family Trust

i3 Verticals CEO Gregory S. Daily transferred over 335,000 shares of Class B common stock and Common Units to an irrevocable trust as part of estate planning.

Summary

• Gregory S. Daily, CEO, Director, and 10% owner of i3 Verticals, Inc., transferred 335,511 shares of Class B common stock to the CFD 2025 Exempt Irrevocable Trust.
• Concurrently, 335,511 Common Units of i3 Verticals, LLC were also transferred to the same trust.
• These transfers were made for no consideration, indicating a gift or estate planning transaction.
• The Class B common stock is cancellable on a one-to-one basis upon redemption of Common Units for Class A common stock.
• The Common Units are redeemable by the Reporting Person for an equal number of Class A common stock shares or, at the election of i3 Verticals, LLC, cash equal to the volume-weighted average market price of such shares.
• The CFD Trust's trustee and beneficiary is the Reporting Person's spouse, and Mr. Daily disclaims beneficial ownership of these shares/units except for his pecuniary interest.
• An additional 2,449,437 shares of Class B common stock and Common Units are held by Daily Family Investment, LLC, where Mr. Daily is the tax matters partner, with a similar disclaimer of beneficial ownership.

Sentiment

Score: 5

Explanation: Neutral. This is a standard insider transaction disclosure (Form 4) related to estate planning, not indicative of company performance or strategic shifts. It's a routine filing.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Transfer of 335,511 shares of Class B common stock and 335,511 Common Units to the CFD 2025 Exempt Irrevocable Trust, where the Reporting Person's spouse is trustee and beneficiary.
• Disclosure of 2,449,437 shares of Class B common stock and Common Units held by Daily Family Investment, LLC, where the Reporting Person serves as tax matters partner.

Key Dates

Recommendation

This Form 4 filing details a personal estate planning transaction by the CEO, involving the transfer of shares and units to a family trust. It does not reflect on the operational performance or strategic direction of i3 Verticals, Inc., and therefore does not provide a basis for a change in investment recommendation. The transaction is neutral in its implications for the company's valuation or future prospects.

Keywords

i3 Verticals, IIIV, SEC Form 4, Insider Transaction, Stock Transfer, Beneficial Ownership, Gregory S. Daily, Trust, Class B Common Stock, Common Units