Form 4: i3 Verticals Executive Vests 15,000 Performance Shares

Christopher Laisure, President of Public Sector at i3 Verticals, Inc., vested 15,000 performance-based restricted stock units after achieving adjusted diluted earnings per share targets.

Summary

• Christopher Laisure, President Public Sector of i3 Verticals, Inc. (IIIV), acquired 15,000 shares of Class A common stock on November 14, 2025.
• The acquisition was due to the vesting of performance-based restricted stock units (RSUs) originally granted on September 2, 2022.
• 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.
• The transaction price for these shares was $0, indicating a grant or vesting rather than a purchase.
• Following this transaction, Mr. Laisure directly beneficially owns 60,700 shares of Class A common stock.
• Indirect beneficial ownership includes 35,185 shares held by The Laisure Donor Advised Fund and 544,714 shares held by BIS HQ, GP, a general partnership of which Mr. Laisure is President.
• 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 filing indicates positive performance by the company, as evidenced by the vesting of performance-based restricted stock units due to the achievement of financial targets. This suggests strong operational execution and alignment of executive incentives.

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 effective management performance and alignment of executive compensation with company financial goals.

Future Outlook

An additional 10,000 performance-based restricted stock units remain eligible to vest for future fiscal years, indicating ongoing incentive for executive performance.

Management Comments

• The Compensation Committee of the Board of Directors of the Issuer determined that adjusted diluted earnings per share targets were achieved on November 14, 2025.

Industry Context

This Form 4 filing reflects a routine insider transaction related to executive compensation, common across publicly traded companies. The vesting of performance-based awards is a standard mechanism to align executive incentives with shareholder value creation, particularly in the financial technology and payment processing sectors where i3 Verticals operates.

Corporate Governance

Related Party Transactions

• Christopher Laisure holds 35,185 shares indirectly through The Laisure Donor Advised Fund.
• Christopher Laisure holds 544,714 shares indirectly through BIS HQ, GP, a general partnership of which he is the President.

Stakeholder Impact

• Shareholders: Positive, as the vesting of performance-based awards indicates the company met its financial targets, potentially reflecting positively on shareholder value.
• Management/Employees: Positive for Christopher Laisure, as his compensation package is realized due to performance, reinforcing incentive alignment.

Next Steps

• Future performance will determine the vesting of the remaining 10,000 performance-based restricted stock units.

Key Dates

Keywords

i3 Verticals, IIIV, Christopher Laisure, SEC Form 4, Insider Transaction, Restricted Stock Units, Performance-Based Compensation, Executive Compensation, Stock Vesting, Beneficial Ownership