Harvey Robert Burton's Form 4 filing
i3 Verticals, Inc. (IIIV) · filed May 15, 2025
- Accession no.
- 0001728688-25-000094
- Filed
- May 15, 2025
- Trade date
- May 13, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 9 non-derivative transactions and 3 derivative transactions. Open-market sales total $1.78M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Harvey Robert BurtonCIK 0001738212 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 13, 2025 | Class A common stock, par value $0.0001 per share | CConversionAcquired | +40,365 | –F1 | – | 40,365 | Indirect | |
| May 13, 2025 | Class A common stock, par value $0.0001 per share | CConversionAcquired | +26,980 | –F1 | – | 26,980 | Indirect | |
| May 13, 2025 | Class A common stock, par value $0.0001 per share | CConversionAcquired | +4,515 | –F1 | – | 4,515 | Indirect | |
| May 13, 2025 | Class A common stock, par value $0.0001 per share | SSaleDisposed | −40,365 | $24.81F5 | −$1,001,455.65 | 0 | Indirect | |
| May 13, 2025 | Class A common stock, par value $0.0001 per share | SSaleDisposed | −26,980 | $24.82F5 | −$669,643.6 | 0 | Indirect | |
| May 13, 2025 | Class A common stock, par value $0.0001 per share | SSaleDisposed | −4,515 | $24.76F5 | −$111,791.4 | 0 | Indirect | |
| May 13, 2025 | Class B common stock, par value $0.0001 per share | JOtherDisposed | −40,365 | –F6 | – | 0 | Indirect | |
| May 13, 2025 | Class B common stock, par value $0.0001 per share | JOtherDisposed | −26,980 | –F6 | – | 0 | Indirect | |
| May 13, 2025 | Class B common stock, par value $0.0001 per share | JOtherDisposed | −4,515 | –F6 | – | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 13, 2025 | Class A common stock, par value $0.0001 per share | CConversionDisposed | −40,365 | –F10 | – | 0 | Indirect | |
| May 13, 2025 | Class A common stock, par value $0.0001 per share | CConversionDisposed | −26,980 | –F10 | – | 0 | Indirect | |
| May 13, 2025 | Class A common stock, par value $0.0001 per share | CConversionDisposed | −4,515 | –F10 | – | 0 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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").
Referenced by the price of 3 transactions in Table I.
- F5
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.
Referenced by the price of 3 transactions in Table I.
- F6
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.
Referenced by the price of 3 transactions in Table I.
- F10
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.
Referenced by the price of 3 transactions in Table II.