SCHEDULE: i3 Verticals Stakeholders File Ownership Disclosure

i3 Verticals, Inc. sees its major stakeholders, Forager Capital Management, LLC, Forager Fund, L.P., Edward Kissel, and Robert MacArthur, jointly filing a Schedule 13G to report beneficial ownership of 6.1% of the company's Class A Common Stock.

Summary

• This filing is a Schedule 13G, a joint filing by Forager Capital Management, LLC, Forager Fund, L.P., Edward Kissel, and Robert MacArthur regarding their beneficial ownership of i3 Verticals, Inc. Class A Common Stock.
• The reporting persons collectively own 1,106,474 shares, representing 6.1% of the outstanding Class A Common Stock.
• This ownership percentage is based on 18,019,748 shares outstanding as of August 6, 2026, as reported in i3 Verticals' Form 10-Q for the quarter ended June 30, 2026.
• The filing confirms that the securities were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive, indicating a stable and compliant approach to ownership reporting by significant stakeholders.

Positives

• Clear and transparent reporting of beneficial ownership by significant stakeholders.
• Confirmation that the ownership is not intended to influence or change control of the company.
• The filing is timely and adheres to SEC regulations for Schedule 13G.

Future Outlook

The filing does not contain forward-looking statements or guidance. It is a disclosure of current ownership.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard for institutional investors and significant shareholders who acquire more than 5% of a company's stock and do not intend to influence control. This filing indicates a passive investment approach by Forager Capital Management and its associated entities in i3 Verticals.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes, which can influence market perception and trading activity.
• Company Management: Confirms that the reporting persons are not seeking to control or influence the company's management or strategic direction.
• Regulators: Demonstrates compliance with SEC reporting requirements for beneficial ownership.

Next Steps

• The reporting persons will continue to file amendments to Schedule 13G as required by SEC regulations for any changes in beneficial ownership.
• The company, i3 Verticals, Inc., will continue its operations as disclosed in its regular SEC filings.

Key Dates

Keywords

Schedule 13G, beneficial ownership, i3 Verticals, Forager Capital Management, Forager Fund, Class A Common Stock, SEC filing