[Form 4] i3 Verticals, Inc. Insider Trading Activity

Rhea-AI Filing Summary

i3 Verticals, Inc. (IIIV) officer reports vesting of performance-based shares. On 11/14/2025, a performance-based restricted stock unit award for 15,000 shares of Class A common stock vested for Christopher Laisure after the Compensation Committee determined the adjusted diluted earnings per share targets were achieved. The units were originally granted on 09/02/2022, and 10,000 additional performance-based restricted stock units remain eligible to vest based on future fiscal-year performance. Following this transaction, Laisure beneficially owns 60,700 Class A shares directly, 35,185 shares through The Laisure Donor Advised Fund, and 544,714 shares through BIS HQ, GP, where he serves as President.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider LAISURE CHRISTOPHER

Role President - Public Sector

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock, par value $0.0001 per share	15,000	$0.00	--
holding	Class A common stock, par value $0.0001 per share	--	--	--
holding	Class A common stock, par value $0.0001 per share	--	--	--

Holdings After Transaction: Class A common stock, par value $0.0001 per share — 60,700 shares (Direct); Class A common stock, par value $0.0001 per share — 35,185 shares (Indirect, By The Laisure Donor Advised Fund)

Footnotes (1)

1. Represents performance-based restricted stock units which vest based on the achievement of certain adjusted diluted earnings per share targets, which, on November 14, 2025, the Compensation Committee of the Board of Directors of the Issuer determined were achieved. Such performance-based restricted stock units were originally granted on September 2, 2022. Performance-based restricted stock units with respect to 10,000 shares of Class A common stock of the Issuer remain eligible to vest in respect of performance for future fiscal years. The reported securities are held by BIS HQ, GP, a general partnership of which the reporting person is the President.

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^*

LAISURE CHRISTOPHER

(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)
	President - Public Sector

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

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	11/14/2025		A		15,000(1)	A	$0	60,700	D
Class A common stock, par value $0.0001 per share								35,185	I	By The Laisure Donor Advised Fund
Class A common stock, par value $0.0001 per share								544,714	I	By BIS HQ, GP(2)

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. Represents performance-based restricted stock units which vest based on the achievement of certain adjusted diluted earnings per share targets, which, on November 14, 2025, the Compensation Committee of the Board of Directors of the Issuer determined were achieved. Such performance-based restricted stock units were originally granted on September 2, 2022. Performance-based restricted stock units with respect to 10,000 shares of Class A common stock of the Issuer remain eligible to vest in respect of performance for future fiscal years.

2. The reported securities are held by BIS HQ, GP, a general partnership of which the reporting person is the President.

Remarks:

	/s/ Paul Maple, Attorney-in-Fact for Christopher Laisure	11/17/2025
	** 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 transaction did IIIV executive Christopher Laisure report on this Form 4?

On this Form 4, Christopher Laisure reported the vesting and acquisition of 15,000 shares of i3 Verticals Class A common stock from performance-based restricted stock units on 11/14/2025 at a price of $0 per share.

What type of award vested for the IIIV officer on 11/14/2025?

The award that vested was performance-based restricted stock units tied to achievement of certain adjusted diluted earnings per share targets, which the Compensation Committee determined were achieved on 11/14/2025.

When were the vested IIIV performance-based restricted stock units originally granted?

The performance-based restricted stock units that vested into 15,000 Class A shares on 11/14/2025 were originally granted on 09/02/2022.

How many IIIV performance-based restricted stock units remain eligible to vest for the reporting person?

After this vesting event, 10,000 performance-based restricted stock units tied to Class A common stock remain eligible to vest based on performance for future fiscal years.

How many IIIV shares does Christopher Laisure beneficially own after the reported transaction?

Following the transaction, Christopher Laisure beneficially owns 60,700 Class A shares directly, 35,185 shares indirectly through The Laisure Donor Advised Fund, and 544,714 shares indirectly through BIS HQ, GP.

What is Christopher Laisure’s role at i3 Verticals, Inc. (IIIV)?

Christopher Laisure is an officer of i3 Verticals, Inc., serving as President - Public Sector, as indicated in the Form 4.

In what capacity does the IIIV reporting person hold shares through BIS HQ, GP?

The Form 4 states that the reported securities held by BIS HQ, GP are owned by a general partnership of which the reporting person, Christopher Laisure, is the President.