Form 4: i3 Verticals CFO Acquires Options, Sells Shares for Tax

i3 Verticals' CFO Geoffrey C. Smith reported the acquisition of 180,000 stock options and the disposition of 4,338 shares to cover taxes on vested restricted stock units.

Summary

• Geoffrey C. Smith, Chief Financial Officer of i3 Verticals, Inc. (IIIV), reported transactions involving the company's Class A common stock and stock options.
• On February 11, 2026, 4,338 shares of Class A common stock were disposed of at a price of $21.88 per share. These shares were withheld to cover tax obligations following the vesting of 10,000 restricted stock units originally granted on February 11, 2025.
• Following this transaction, Mr. Smith beneficially owns 56,295 shares of Class A common stock directly.
• On February 10, 2026, Mr. Smith acquired 180,000 stock options with an exercise price of $23.09 per share.
• These options vest ratably in five equal annual installments, commencing on the first anniversary of the grant date, contingent on Mr. Smith's continued service with the Issuer.
• The acquired stock options have an expiration date of February 10, 2036, and represent the right to buy 180,000 shares of Class A common stock.
• Mr. Smith beneficially owns 180,000 derivative securities (stock options) directly following this transaction.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as slightly positive. While shares were disposed of for tax, the significant grant of new stock options to the CFO indicates continued alignment of management incentives with shareholder value creation and is a routine part of executive compensation.

Positives

• The Chief Financial Officer, Geoffrey C. Smith, was granted 180,000 new stock options, aligning his interests with long-term shareholder value.
• The options have a 10-year term, providing a significant runway for potential value creation.

Negatives

• 4,338 shares of Class A common stock were disposed of to cover tax liabilities, representing a reduction in direct share ownership.

Future Outlook

The 180,000 stock options granted to the Chief Financial Officer will vest ratably in five equal annual installments, beginning on the first anniversary of the grant date (February 10, 2027), subject to his continued service with the company.

Industry Context

StockSavvy.ai notes that the grant of stock options and the withholding of shares for tax purposes are standard practices in executive compensation across various industries. These actions are typical for aligning executive incentives with long-term company performance and managing tax liabilities associated with equity awards.

Stakeholder Impact

• Shareholders: The grant of stock options to the CFO aligns management's long-term interests with shareholder value, as the options gain value if the stock price increases.
• Employees: The compensation structure for the CFO may reflect broader compensation strategies within the company, potentially influencing employee retention and motivation.

Next Steps

• The 180,000 stock options will begin vesting in five equal annual installments starting on February 10, 2027, contingent on the CFO's continued service.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation (tax withholding on vested RSUs and a new option grant). It does not contain new fundamental information about the company's operations, financial performance, or strategic direction that would warrant a change in an investment recommendation. Therefore, a seasoned investor would likely maintain their current position based solely on this filing.

Keywords

i3 Verticals, IIIV, Geoffrey C. Smith, CFO, Stock Options, Restricted Stock Units, Insider Trading, SEC Form 4, Executive Compensation, Equity Compensation