Form 4: i3 Verticals Director Reports Internal Share Transfer

i3 Verticals Director David M. Wilds reported a transfer of 7,550 Common Units and corresponding Class B common stock between himself and his wife.

Summary

• Director David M. Wilds of i3 Verticals, Inc. (IIIV) reported transactions involving the company's securities on December 10, 2025.
• The transactions included the transfer of 7,550 Common Units from the Reporting Person's wife to the Reporting Person.
• An equivalent number of Class B common stock shares were also transferred in conjunction with the Common Units.
• The transfer price for the Common Units was $24.50 per unit.
• Class B common stock confers voting rights but no economic ownership and is issued on a one-for-one basis to holders of Common Units.
• Common Units are redeemable by the holder 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.
• Following the reported transactions, David M. Wilds directly beneficially owns 268,207 Class B common stock shares and Common Units.
• Indirect beneficial ownership includes 40,176 Class B common stock shares and Common Units held by Front Street Equities, LLC, for which the Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a routine insider transaction involving a transfer between related parties (director and spouse) and does not inherently indicate positive or negative sentiment regarding the company's performance or prospects.

Related Party Transactions

• A permitted transfer of 7,550 Common Units and corresponding Class B common stock occurred between Director David M. Wilds and his wife.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is an internal transfer of ownership among related parties, not an open market transaction that would significantly alter market perception or liquidity.
• Employees, Customers, Suppliers, Creditors: No direct impact from this ownership disclosure.

Key Dates

Recommendation

The Form 4 reports a routine transfer of securities between a director and his spouse, which does not provide new information to alter an investment thesis. It is a disclosure of a change in beneficial ownership rather than a reflection of company performance or strategic shift, thus a 'hold' recommendation is appropriate as no new fundamental information is presented.

Keywords

i3 Verticals, IIIV, Form 4, insider transaction, director, stock transfer, common units, Class B common stock