John C. Harrison - 13 May 2025 Form 4 Insider Report for i3 Verticals, Inc. (IIIV)

Reporting relationship: Director
Issuer ticker: IIIV
Reported as of: 13 May 2025
Net transaction value: -$1,949,992
SEC form: 4
Accepted by SEC: 15 May 2025, 16:41:17 UTC
Prior SEC filing: 12 Feb 2025
Next SEC filing: 12 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Paul Maple, Attorney-in-Fact for John C. Harrison

Key filing fact

John C. Harrison filed Form 4 for i3 Verticals, Inc. (IIIV) on 15 May 2025.

Key facts

This page summarizes John C. Harrison's Form 4 filing for i3 Verticals, Inc. (IIIV).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 15 May 2025, 16:41.

Change

Previous filing in this sequence was filed on 12 Feb 2025.
Current net transaction value: -$1,949,992.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001738150 Primary reporting owner

HARRISON JOHN C.

Relationship: Director
Address: 40 BURTON HILLS BOULEVARD, SUITE 415, NASHVILLE
Signature: /s/ Paul Maple, Attorney-in-Fact for John C. Harrison
Signature date: 15 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IIIV transaction

Class A common stock, par value $0.0001 per share

Conversion of derivative security

Transaction value
Shares: +78,597
Change %
Price
Shares after: 78,597
Date: 13 May 2025
Ownership: By HMP III Equity Holdings, LLC
Footnotes: F1, F2

IIIV transaction

Class A common stock, par value $0.0001 per share

Sale

Transaction value: $1,949,992
Shares: -78,597
Change %: -100%
Price: $24.81
Shares after: 0
Date: 13 May 2025
Ownership: By HMP III Equity Holdings, LLC
Footnotes: F2, F3

IIIV transaction

Class B common stock, par value $0.0001 per share

Other

Transaction value
Shares: -78,597
Change %: -100%
Price
Shares after: 0
Date: 13 May 2025
Ownership: By HMP III Equity Holdings, LLC
Footnotes: F4, F5

IIIV holding

Class A common stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,876
Date: 13 May 2025
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

IIIV transaction Derivative

Common Units

Conversion of derivative security

Transaction value
Shares: -78,597
Change %: -100%
Price
Shares after: 0
Date: 13 May 2025
Ownership: By HMP III Equity Holdings, LLC
Underlying class: Class A common stock, par value $0.0001 per share
Underlying amount: 78,597
Exercise price
Footnotes: F6, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Represents shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock") of i3 Verticals, Inc. (the "Issuer") that were obtained upon a redemption of an equal number of common units in i3 Verticals, LLC (the "Common Units").

Footnote F2

Represents shares of Class A Common Stock held by HMP III Equity Holdings, LLC ("HMPEH"). Decisions regarding the voting or disposition of the shares held by the foregoing are made by an investment committee or committees (or authorized sub-committees or designees thereof), of which the Reporting Person is a member. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.51 to $25.36, 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.

Footnote F4

Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B common stock, par value $0.0001 per share ("Class B Common Stock") are cancelled for no consideration on a one-to-one basis upon redemption of the Common Units for shares of Class A Common Stock of the Issuer.

Footnote F5

Represents shares of Class B Common Stock held by HMPEH. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

Footnote F6

The Common Units may be redeemed by the holder at any time for an equal number of shares of Class A Common Stock or, at the election of i3 Verticals, LLC, cash equal to the volume-weighted average market price of such shares. Upon the redemption of a Common Unit for Class A Common Stock, any corresponding share of Class B Common Stock will be cancelled. The Common Units have no expiration date.

Footnote F7

Represents Common Units held by HMPEH. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.