Form 4: i3 Verticals Director David M. Wilds Reports Share and Unit Transactions

Director David M. Wilds of i3 Verticals, Inc. reported the acquisition of 3,687 Class B common stock and common units through a transaction on October 22, 2021.

Summary

• David M. Wilds, a director at i3 Verticals, Inc., reported a transaction on October 22, 2021, involving the acquisition of 3,687 shares of Class B common stock and 3,687 common units.
• The transaction was reported as a gift, with a price of $0 per share or unit.
• Following the transaction, Mr. Wilds directly owns 270,636 shares of Class B common stock and indirectly owns 268,475 shares through Front Street Equities, LLC.
• He also indirectly owns 7,839 shares through his wife.
• The common units can be redeemed for Class A common stock or cash at the company's discretion.
• The common units are fully vested and have no expiration date.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment. It is a neutral disclosure of insider transactions.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for company insiders who have made transactions in the company's securities. It is a normal part of corporate governance and transparency.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The reporting of both direct and indirect ownership, including through entities like Front Street Equities, LLC, is typical.
• The disclosure of common units and their redeemability for Class A common stock or cash is also a common practice for companies with complex capital structures.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disclosure of insider transactions.
• The disclosure provides transparency to shareholders regarding the ownership of company stock by a director.

Key Dates

Keywords

i3 Verticals, David M. Wilds, Class B common stock, common units, insider trading, Form 4, Front Street Equities, beneficial ownership