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

i3 Verticals' Chief Revenue Officer, Paul Christians, vested 15,000 shares of Class A common stock after the company achieved specific adjusted diluted earnings per share targets.

Summary

• Paul Christians, Chief Revenue Officer of i3 Verticals, Inc. (IIIV), acquired 15,000 shares of Class A common stock.
• The acquisition occurred on November 14, 2025, and represents 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 on November 14, 2025.
• These RSUs were originally granted on September 2, 2022.
• Following this transaction, Paul Christians beneficially owns 58,110 shares of Class A common stock directly.
• An additional 10,000 performance-based restricted stock units remain eligible to vest based on future fiscal year performance.

Sentiment

Score: 7

Explanation: The vesting of performance-based equity due to the achievement of financial targets is a positive indicator of company performance and management alignment with shareholder interests.

Positives

• The vesting of 15,000 performance-based restricted stock units indicates that i3 Verticals achieved its adjusted diluted earnings per share targets.
• This demonstrates strong operational and financial performance by the company, leading to executive compensation payouts.

Future Outlook

An additional 10,000 performance-based restricted stock units remain eligible to vest for future fiscal years, contingent on the achievement of subsequent performance targets.

Management Comments

• The vesting of performance-based restricted stock units for the Chief Revenue Officer signifies the successful achievement of pre-defined adjusted diluted earnings per share targets, reflecting positive operational execution.

Industry Context

This insider transaction, driven by performance-based vesting, reflects a common practice in the financial technology and payment processing industry to align executive incentives with company performance. The achievement of EPS targets suggests a healthy operational environment for i3 Verticals within its competitive landscape.

Corporate Governance

Stakeholder Impact

• Shareholders: The achievement of performance targets leading to executive compensation vesting is generally a positive signal, indicating the company is meeting its financial objectives.
• Employees: Successful performance and executive compensation can boost morale and signal a healthy company environment.

Next Steps

• The remaining 10,000 performance-based restricted stock units are eligible to vest in respect of performance for future fiscal years, subject to the achievement of new targets.

Key Dates

Keywords

i3 Verticals, IIIV, Paul Christians, Chief Revenue Officer, SEC Form 4, Insider Transaction, Restricted Stock Units, Performance Vesting, Equity Compensation, Earnings Per Share