Company: IIIV
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001728688-25-000089
Chunk: 237

Company: i3 Verticals, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 237
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QUITY SECURITIESPeriod(a)Total Number of Shares (or Units) PurchasedAverage Price Paid per Share (or Unit)(a)Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs(a)Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs1/1/2025 - 1/31/202513,370 $22.99 13,370 $38,519 2/1/2025 - 2/28/2025— $— — $38,519 3/1/2025 - 3/31/2025— $— — $38,519 Total13,370 $22.99 13,370 $38,519 

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a.On August 8, 2024, the Company announced that its Board of Directors had approved a new share repurchase program for up to $50.0 million of outstanding shares of Class A common stock. The Share Repurchase Program will terminate on the earlier of August 8, 2025, or when the maximum dollar amount under the Share Repurchase Program has been expended. 

During the three months ended March 31, 2025, the Company purchased 13,370 of its outstanding shares of Class A common stock at an average price of $22.99 for a total cost of $0.4 million. When the Company repurchases shares of Common Stock, the amount paid to repurchase the shares in excess of the par or stated value is allocated to additional paid-in-capital unless subject to limitation or the balance in additional paid-in-capital is exhausted. Remaining amounts are recognized as a reduction in retained earnings.

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Item 3.    Defaults Upon Senior Securities

None.

Item 4.    Mine Safety Disclosures

Not applicable.

Item 5.    Other Information

None. Without limiting the generality of the foregoing, during the three months ended March 31, 2025, no director or officer of the Company adopted or terminated any “Rule 10b5-1 trading arrangement,” or any “non-Rule 10b-5 trading arrangement,” as such terms are defined in Item 408(a) of Regulation S-K.

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Item 6.    Exhibit IndexExhibit NumberExhibit Description2.1Securities Purchase Agreement, dated as of June