Company: IIIV
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001728688-25-000108
Chunk: 93

Company: i3 Verticals, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 93
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,793 shares of the Company's Class A common stock were available for grant under the 2020 Inducement Plan.Share-based compensation expense includes the estimated effects of forfeitures, which will be adjusted over the requisite service period to the extent actual forfeitures differ or are expected to differ from such estimates.A summary of stock option activity for the nine months ended June 30, 2025 is as follows:Stock OptionsWeighted Average Exercise PriceOutstanding at September 30, 20249,120,944 $24.48 Granted120,000 24.54 Exercised(556,458)22.22 Forfeited(172,365)28.06 Outstanding at June 30, 20258,512,121 $24.55 Exercisable at June 30, 20257,175,718 $25.07 The weighted-average grant date fair value of stock options granted during the nine months ended June 30, 2025 was $13.12. As of June 30, 2025, total unrecognized compensation expense related to unvested stock options, including an estimate for pre-vesting forfeitures, was $11,154, which is expected to be recognized over a weighted-average period of 2.4 years. The Company's policy is to account for forfeitures of stock-based compensation awards as they occur. The total fair value of stock options that vested during the three and nine months ended June 30, 2025 was $688 and $10,719, respectively.In connection with the sale of the Healthcare RCM Business, the Company fully accelerated the vesting period for 40,853 options (to the extent not previously vested) held by employees of the Healthcare RCM Business immediately prior to the closing of the divestiture.Restricted Stock UnitsThe Company has issued Class A common stock in the form of restricted stock units ("RSUs") under the 2018 Plan. 

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i3 VERTICALS, Inc.NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(in thousands, except unit, share and per share amounts)

A summary of activity related to restricted stock units for the nine months ended June 30, 2025 is as follows:Restricted Stock UnitsWeighted Average Grant Date Fair ValueOutstanding at September 30, 2024771,214 $22.71 Granted722,649 26.33