Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 196

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 196
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 for continuing operations recognized during the three and nine months ended June 30, 2025 and 2024 is as follows:Three Months Ended June 30,Nine Months Ended June 30,2025202420252024Stock options$1,610 $2,819 $5,435 $9,953 Restricted stock units3,269 951 6,595 2,724 Equity-based compensation expense$4,879 $3,770 $12,030 $12,677 During the three and nine months ended June 30, 2025, $2,517 and $3,112, respectively, was classified as within "net income from discontinued operations" in connection with the sale of the Healthcare RCM Business. In connection with the sale of the Merchant Services Business and the Healthcare RCM Business, $1,332 and $4,710 of the Company's equity-based compensation expense was classified within "net income from discontinued operations" in the accompanying condensed consolidated statements of operations during three and nine months ended June 30, 2024.  Amounts are included in other costs of services and in selling, general and administrative expense on the condensed consolidated statements of operations. Current and deferred income tax benefits for continuing operations of $504 and expense $84 were recognized during the three and nine months ended June 30, 2025, respectively, and current and deferred income tax benefits of $596 and $2,066 during the three and nine months ended June 30, 2024, respectively.Stock OptionsIn May 2018, the Company adopted the 2018 Equity Incentive Plan (the “2018 Plan”) under which the Company may grant up to 3,500,000 stock options and other equity-based awards to employees, directors and officers. The number of shares of Class A common stock available for issuance under the 2018 Plan includes an annual increase on the first day of each calendar year equal to 4.0% of the outstanding shares of all classes of the Company's common stock as of the last day of the immediately preceding calendar year, unless the Company’s board of directors determines prior to the last trading day of December of the immediately preceding calendar year that the increase shall be less than 4.0%. As of June 30, 2025, equity awards with respect to 2,256,952 shares of the Company's Class A common stock were available for grant under the 2018 Plan.

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