FRONT STREET EQUITIES, LLC reported 3 transactions at I3 VERTICALS, INC.

Review the transaction codes below to understand the nature of each event.

FRONT STREET EQUITIES, LLC

Filed: 6/12/2019ACC: 0001209191-19-036335

InsiderFRONT STREET EQUITIES, LLCCIK 1742934

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IssuerI3 VERTICALS, INC.CIK 1728688

10% Owner

Since Jun 2019

-3.74M

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

3.74M disposed

Non-Derivative Transactions3

Class B common stock, par value $0.0001 per share

Direct

D · Disposition

−10.09K

Price / share

—

Trade value

—

% of position

60.2%

6/10/2019

16.75K→6.66K

Class B common stock, par value $0.0001 per share

Indirect

D · Disposition

−1.58M

Price / share

—

Trade value

—

% of position

60.2%

6/10/2019

2.62M→1.04M

Class B common stock, par value $0.0001 per share

Indirect

D · Disposition

−282.13K

Price / share

—

Trade value

—

% of position

60.2%

6/10/2019

468.38K→186.26K

Total

Net shares

−1.87M

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class B common stock, par value $0.0001 per share Direct	6/10/2019	D · Disposition	−10.09K	—	—	60.2%	16.75K	6.66K
Class B common stock, par value $0.0001 per share Indirect	6/10/2019	D · Disposition	−1.58M	—	—	60.2%	2.62M	1.04M
Class B common stock, par value $0.0001 per share Indirect	6/10/2019	D · Disposition	−282.13K	—	—	60.2%	468.38K	186.26K
Total			−1.87M		$0.00

Derivative Transactions3

Common Units

Direct

D · Disposition

Converts to

Class A common stock, par value $0.0001 per share

10.09K shares

−10.09K

Strike price

Held after

6.66K

Exercisable

—

6/10/2019

Common Units

Indirect

D · Disposition

Converts to

Class A common stock, par value $0.0001 per share

1.58M shares

−1.58M

Strike price

Held after

1.04M

Exercisable

—

6/10/2019

Common Units

Indirect

D · Disposition

Converts to

Class A common stock, par value $0.0001 per share

282.13K shares

−282.13K

Strike price

Held after

186.26K

Exercisable

—

6/10/2019

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Common Units Direct	Class A common stock, par value $0.0001 per share10.09K shares	6/10/2019	D · Disposition	−10.09K	—	6.66K
Common Units Indirect	Class A common stock, par value $0.0001 per share1.58M shares	6/10/2019	D · Disposition	−1.58M	—	1.04M
Common Units Indirect	Class A common stock, par value $0.0001 per share282.13K shares	6/10/2019	D · Disposition	−282.13K	—	186.26K