i3 Verticals (IIIV) Form 4: CRO sells 1,890 shares at $31.40

Rhea-AI Filing Summary

Paul Christians, listed as Chief Revenue Officer of i3 Verticals, Inc. (IIIV), reported a sale of 1,890 shares of Class A common stock on 08/29/2025 at a price of $31.40 per share. After this transaction he is reported to beneficially own 43,110 shares. The Form 4 was filed as a single reporting person filing and was signed by an attorney-in-fact on 09/02/2025. No derivative transactions are reported on this filing.

Positive

• Timely, complete disclosure of transaction date, price, and post-transaction beneficial ownership in a Form 4
• No derivative transactions reported, simplifying the ownership picture

Negative

• Insider sale of 1,890 shares which reduces the reporting officer's direct holdings
• No explanatory remarks in the filing to contextualize the reason for the sale

Insights

Securities Analyst

TL;DR: Routine insider sale disclosed: 1,890 shares sold at $31.40, leaving 43,110 shares beneficially owned.

The filing presents a single non-derivative disposition by a named officer, reported promptly with transaction date and price. The sale size and remaining ownership are explicitly stated; however the filing does not provide context such as whether proceeds fund diversification or other personal needs. For investors this is a clear, compliant disclosure but not by itself indicative of company-wide trends.

Corporate Governance Expert

TL;DR: Compliant Section 16 disclosure: insider sale recorded and filed; no derivatives or amendments noted.

The Form 4 documents an open-market sale by an officer and contains required elements: reporting person, relationship to issuer, transaction date, code, shares sold, price, and post-transaction ownership. The signature by an attorney-in-fact is included. This is a routine governance disclosure demonstrating transparency but provides no information about any change in corporate control or governance.

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

OMB APPROVAL

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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)
08/29/2025

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	08/29/2025		S		1,890	D	$31.4	43,110	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:

Remarks:

	/s/ Paul Maple, Attorney-in-Fact for Paul Christians	09/02/2025
	** 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 did the IIIV insider sell on 08/29/2025?

The Form 4 reports a sale of 1,890 shares of Class A common stock at $31.40 per share.

How many IIIV shares does Paul Christians beneficially own after the sale?

The filing reports he beneficially owns 43,110 shares following the reported transaction.

Who filed the Form 4 for IIIV and when was it signed?

The Form 4 was filed by one reporting person and was signed by Paul Maple, Attorney-in-Fact on 09/02/2025.

Were any options, warrants, or other derivatives reported in this IIIV Form 4?

No. Table II for derivative securities shows no derivative transactions reported in this filing.

What is the reporting person’s role at i3 Verticals (IIIV)?

The filing identifies the reporting person as an Officer with the title Chief Revenue Officer.