i3 Verticals (NASDAQ: IIIV) CRO Paul Christians sells 6,122 shares

Rhea-AI Filing Summary

i3 Verticals, Inc. Chief Revenue Officer Paul Christians sold 6,122 shares of Class A common stock in an open-market transaction. The weighted average sale price was $23.23 per share, with individual trades executed between $23.06 and $23.46. Following this sale, he directly owns 31,250 shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CHRISTIANS PAUL

(Last) (First) (Middle)

40 BURTON HILLS BLVD.

SUITE 415

(Street)

NASHVILLE TN 37215

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
i3 Verticals, Inc. [ IIIV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Revenue Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A common stock, par value $0.0001 per share	03/06/2026		S		6,122	D	$23.23(1)	31,250	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.06 to $23.46, 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.

Remarks:

	/s/ Paul Maple, Attorney-in-Fact for Paul Christians	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did IIIV Chief Revenue Officer Paul Christians report?

Paul Christians reported an open-market sale of 6,122 shares of i3 Verticals Class A common stock. The transaction was disclosed on a Form 4 and reflects a routine insider trade by the company’s Chief Revenue Officer in the public market.

At what price did Paul Christians sell his IIIV shares?

The shares were sold at a weighted average price of $23.23 per share. According to the filing, individual trades occurred in multiple transactions at prices ranging from $23.06 to $23.46, providing a price band for the executed sales.

How many IIIV shares does Paul Christians own after this transaction?

After selling 6,122 shares, Paul Christians directly owns 31,250 shares of i3 Verticals Class A common stock. This remaining balance reflects his continuing direct equity stake in the company following the reported open-market sale transaction.

What does the Form 4 footnote say about the IIIV sale prices?

The footnote explains that the reported $23.23 price is a weighted average. The shares were sold in multiple trades between $23.06 and $23.46, and detailed breakdowns for each individual price level are available to shareholders or regulators upon request.

Was the IIIV insider transaction a buy or sell by Paul Christians?

The transaction was a sell. The Form 4 identifies the transaction code as “S” and describes it as an open-market sale, indicating that Paul Christians reduced his direct holdings of i3 Verticals Class A common stock through this transaction.

Is Paul Christians’ IIIV ownership direct or indirect after the sale?

His ownership is reported as direct following the transaction. The Form 4 lists the ownership type as direct, meaning the 31,250 shares remaining after the sale are held in his own name rather than through an intermediary entity.