Form 4: i3 Verticals CFO Vests 15,000 Shares on Performance

i3 Verticals, Inc. CFO Geoffrey C. Smith acquired 15,000 shares of Class A common stock through the vesting of performance-based restricted stock units.

Summary

• Geoffrey C. Smith, Chief Financial Officer of i3 Verticals, Inc. (IIIV), acquired 15,000 shares of Class A common stock.
• The acquisition occurred on November 14, 2025, and was due to the vesting of performance-based restricted stock units (RSUs).
• The vesting was triggered by the achievement of certain adjusted diluted earnings per share targets, as determined by the Compensation Committee of the Board of Directors.
• These RSUs were originally granted on September 2, 2022.
• Following this transaction, Mr. Smith beneficially owns 70,000 shares of Class A common stock directly.
• An additional 10,000 performance-based restricted stock units remain eligible to vest in respect of performance for future fiscal years.

Sentiment

Score: 7

Explanation: The vesting of performance-based equity for a key executive is a positive signal, indicating the company has met its financial targets and management is aligned with shareholder interests.

Positives

• The vesting of 15,000 performance-based restricted stock units indicates that i3 Verticals, Inc. successfully achieved its adjusted diluted earnings per share targets.
• This demonstrates strong operational performance and management's alignment with shareholder interests through equity incentives.

Future Outlook

An additional 10,000 performance-based restricted stock units remain eligible to vest for future fiscal years, indicating ongoing incentive alignment for the Chief Financial Officer.

Industry Context

This Form 4 filing reflects a routine insider transaction related to executive compensation, common across industries where performance-based equity awards are used to incentivize management.

Corporate Governance

Related Party Transactions

• Geoffrey C. Smith, the Chief Financial Officer, acquired 15,000 shares of Class A common stock through the vesting of performance-based restricted stock units, which is an executive compensation transaction.

Stakeholder Impact

• Shareholders: Positive, as the vesting indicates the company met financial performance targets, aligning executive incentives with shareholder value creation.
• Employees: May signal a healthy company performance, potentially boosting morale and confidence in leadership.

Next Steps

• The remaining 10,000 performance-based restricted stock units for Geoffrey C. Smith are eligible to vest in future fiscal years based on continued performance.

Key Dates

Recommendation

The vesting of performance-based restricted stock units for a key executive, driven by the achievement of financial targets, is a positive indicator of the company's operational performance. While not a standalone reason for a 'buy' recommendation, it reinforces a 'hold' position by demonstrating management's effective execution against strategic goals and alignment with shareholder interests.

Keywords

i3 Verticals, IIIV, Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, CFO, Executive Compensation, Performance Targets