Timothy Mckenna - Aug 18, 2023 Form 4 Insider Report for i3 Verticals, Inc. (IIIV)

Role: Director
Signature: /s/ Paul Maple, Attorney-in-Fact for Timothy McKenna
Stock symbol: IIIV
Transactions as of: Aug 18, 2023
Transactions value $: -$93,066
Form type: 4
Date filed: 8/21/2023, 04:47 PM
Previous filing: May 16, 2023
Next filing: Feb 14, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IIIV	Class A common stock, par value $0.0001 per share	Options Exercise	$130K	+10K		$13.00	10K	Aug 18, 2023	Direct
transaction	IIIV	Class A common stock, par value $0.0001 per share	Tax liability	-$163K	-7.31K	-73.13%	$22.32	2.69K	Aug 18, 2023	Direct
transaction	IIIV	Class A common stock, par value $0.0001 per share	Sale	-$59.8K	-2.69K	-100%	$22.27	0	Aug 18, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	IIIV	Stock Option (Right to Buy)	Options Exercise	$0	-10K	-100%	$0.00^*	0	Aug 18, 2023	Class A common stock, par value $0.0001 per share	10K	$13.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.26 to $22.31, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2	The option vests ratably in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued service with the Issuer.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.26 to $22.31, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

The option vests ratably in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued service with the Issuer.