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i3 Verticals insider moves 335,511 units to CFD Trust — IIIV Form 4

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Form 4 — Gregory S. Daily (Director, Chief Executive Officer, 10% owner) reported insider transfers dated 08/06/2025 for i3 Verticals, Inc. (IIIV).

The filing discloses that Mr. Daily transferred 335,511 shares of Class B common stock and 335,511 Common Units to the CFD 2025 Exempt Irrevocable Trust for no consideration. The filing also identifies 2,449,437 Class B shares and related Common Units held by Daily Family Investment, LLC. The Form shows beneficial ownership following the reported transactions as 4,170,657 Class B shares (direct), with 335,511 held indirectly by the CFD Trust and 2,449,437 indirectly by DFI. All Common Units are fully vested and redeemable for Class A common stock or cash. The form was signed by Attorney-in-Fact Paul Maple on 08/07/2025.

Positive

  • None.

Negative

  • None.

Insights

TL;DR Routine insider transfer to trust and family vehicle; no sale proceeds reported, ownership remains substantial.

The Form 4 documents a transfer (transaction code G) of 335,511 Class B shares and 335,511 Common Units to the CFD 2025 Exempt Irrevocable Trust for no consideration on 08/06/2025. The filing explicitly lists 2,449,437 Class B shares and related Common Units held by Daily Family Investment, LLC. It also states that Common Units are fully vested and redeemable for Class A shares or cash, and that Class B shares are cancellable upon unit redemption per the certificate of incorporation. From a market-impact perspective, these are internal transfers and no proceeds or open-market dispositions are reported.

TL;DR Transfers involve a spouse-trust and a family LLC; reporting person disclaims beneficial ownership except for pecuniary interest.

The filing specifies the CFD Trust's trustee and beneficiary is the reporting person’s spouse and that Mr. Daily serves as tax matters partner of Daily Family Investment, LLC. The Form contains explicit disclaimers that the reporting person disclaims beneficial ownership of trust and LLC holdings except to the extent of any pecuniary interest. The transactions are recorded as gifts/transfers (code G) with no consideration, and the Form was executed by an attorney-in-fact on 08/07/2025. Governance disclosures are complete as presented; the filing does not report leadership changes, sales, or other material corporate events.

Insider DAILY GREGORY S
Role Chief Executive Officer
Type Security Shares Price Value
Gift Common Units 335,511 $0.00 --
Gift Common Units 335,511 $0.00 --
Gift Class B common stock, par value $0.0001 per share 335,511 $0.00 --
Gift Class B common stock, par value $0.0001 per share 335,511 $0.00 --
holding Common Units -- -- --
holding Class B common stock, par value $0.0001 per share -- -- --
Holdings After Transaction: Common Units — 4,170,657 shares (Direct); Common Units — 335,511 shares (Indirect, By CFD 2025 Exempt Irrevocable Trust); Class B common stock, par value $0.0001 per share — 4,170,657 shares (Direct); Class B common stock, par value $0.0001 per share — 335,511 shares (Indirect, By CFD 2025 Exempt Irrevocable Trust)
Footnotes (1)
  1. The Reporting Person transferred these shares of Class B common stock, par value $0.0001 per share (the "Class B Common Stock") of i3 Verticals, Inc. (the "Issuer") to the CFD 2025 Exempt Irrevocable Trust (the "CFD Trust"), for no consideration. Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock are cancellable for no consideration on a one-to-one basis upon any redemption of the common units in i3 Verticals, LLC (the "Common Units") for shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock") of the Issuer. Represents shares of Class B Common Stock of the Issuer held by the CFD Trust, of which the Reporting Person's spouse is trustee and beneficiary. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. Represents shares of Class B Common Stock held by Daily Family Investment, LLC ("DFI"), of which the Reporting Person serves as tax matters partner. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. The Common Units may be redeemed by the Reporting Person 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 Reporting Person's redemption of a Common Unit for Class A Common Stock, any corresponding share of Class B Common Stock will be cancelled. The reporting person transferred these Common Units to the CFD Trust for no consideration. All Common Units are fully vested and have no expiration date. Represents Common Units held by CFD Trust. The Reporting Person disclaims beneficial ownership of such Common Units except to the extent of his pecuniary interest therein. Represents Common Units held by DFI. The Reporting Person disclaims beneficial ownership of such Common Units except to the extent of his pecuniary interest therein.
Form 4 Insider Transactions: What Each Field Means →
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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
DAILY GREGORY S
(Last) (First) (Middle)
40 BURTON HILLS BOULEVARD
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)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025
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 B common stock, par value $0.0001 per share 08/06/2025 G(1) 335,511 D $0 4,170,657(2) D
Class B common stock, par value $0.0001 per share 08/06/2025 G(1) 335,511 A $0 335,511(2) I By CFD 2025 Exempt Irrevocable Trust(3)
Class B common stock, par value $0.0001 per share 2,449,437(2) I By Daily Family Investment, LLC(4)
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
Common Units (5) 08/06/2025 G(6) 335,511 (5)(7) (5)(7) Class A common stock, par value $0.0001 per share 335,511 $0 4,170,657 D
Common Units (5) 08/06/2025 G(6) 335,511 (5)(7) (5)(7) Class A common stock, par value $0.0001 per share 335,511 $0 335,511 I By CFD 2025 Exempt Irrevocable Trust(8)
Common Units (5) (5)(7) (5)(7) Class A common stock, par value $0.0001 per share 2,449,437 2,449,437 I By Daily Family Investment, LLC(9)
Explanation of Responses:
1. The Reporting Person transferred these shares of Class B common stock, par value $0.0001 per share (the "Class B Common Stock") of i3 Verticals, Inc. (the "Issuer") to the CFD 2025 Exempt Irrevocable Trust (the "CFD Trust"), for no consideration.
2. Pursuant to the Amended and Restated Certificate of Incorporation of the Issuer, the shares of the Issuer's Class B Common Stock are cancellable for no consideration on a one-to-one basis upon any redemption of the common units in i3 Verticals, LLC (the "Common Units") for shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock") of the Issuer.
3. Represents shares of Class B Common Stock of the Issuer held by the CFD Trust, of which the Reporting Person's spouse is trustee and beneficiary. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
4. Represents shares of Class B Common Stock held by Daily Family Investment, LLC ("DFI"), of which the Reporting Person serves as tax matters partner. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
5. The Common Units may be redeemed by the Reporting Person 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 Reporting Person's redemption of a Common Unit for Class A Common Stock, any corresponding share of Class B Common Stock will be cancelled.
6. The reporting person transferred these Common Units to the CFD Trust for no consideration.
7. All Common Units are fully vested and have no expiration date.
8. Represents Common Units held by CFD Trust. The Reporting Person disclaims beneficial ownership of such Common Units except to the extent of his pecuniary interest therein.
9. Represents Common Units held by DFI. The Reporting Person disclaims beneficial ownership of such Common Units except to the extent of his pecuniary interest therein.
Remarks:
/s/ Paul Maple, Attorney-in-Fact for Gregory S. Daily 08/07/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transactions did Gregory S. Daily report on the IIIV Form 4?

The filing reports transfers on 08/06/2025 of 335,511 Class B common shares and 335,511 Common Units to the CFD 2025 Exempt Irrevocable Trust for no consideration.

How many Class B shares does Gregory S. Daily beneficially own after the reported transactions?

The Form shows 4,170,657 Class B shares beneficially owned directly following the transactions, with 335,511 held indirectly by the CFD Trust and 2,449,437 held indirectly by Daily Family Investment, LLC.

What is the reporting person’s role and relationship to IIIV?

The reporting person, Gregory S. Daily, is identified as a Director, the Chief Executive Officer, and a 10% owner of i3 Verticals, Inc.

When were the transactions reported and when was the Form signed?

Transactions are dated 08/06/2025 and the Form 4 was signed by Attorney-in-Fact Paul Maple on 08/07/2025.

Are the Common Units subject to vesting or exercisability limits?

The filing states all Common Units are fully vested, have no expiration date, and may be redeemed for an equal number of Class A common shares or, at i3 Verticals, LLC’s election, cash equal to the volume-weighted average market price.