WHITSON CLAY M (Chief Financial Officer) exercised options at I3 VERTICALS, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

WHITSON CLAY M

Filed: 12/18/2020ACC: 0001209191-20-064285

InsiderWHITSON CLAY MCIK 1072796

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IssuerI3 VERTICALS, INC.CIK 1728688

DirectorOfficer· Chief Financial Officer

Since Feb 2019

0.00

Net shares

Net seller

$100.0K

Total acquired

Open market trades

0B · 0S

Total transactions

7.69K acquired · 7.69K disposed

Non-Derivative Transactions1

Class A common stock, par value $0.0001 per share

Direct

M · Option Exercise

+7.69K

Price / share

$13.00

Trade value

$100K

% of position

71.3%

12/16/2020

10.78K→18.48K

Total

Net shares

+7.69K

Net value

$100K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A common stock, par value $0.0001 per share Direct	12/16/2020	M · Option Exercise	+7.69K	$13.00	$100K	71.3%	10.78K	18.48K
Total			+7.69K		$100K

Derivative Transactions1

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Class A common stock, par value $0.0001 per share

7.69K shares

−7.69K

Strike price

13.00

Held after

84.62K

Exercisable

—

12/16/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (Right to Buy) Direct	Class A common stock, par value $0.0001 per share7.69K shares	12/16/2020	M · Option Exercise	−7.69K	13.00	—	84.62K

Non-Derivative Holdings (Post-Transaction)2

Class B common stock, par value $0.0001 per share

Direct

Shares owned253.09K

Class B common stock, par value $0.0001 per share

Indirect

Shares owned45.77K

Total

253.09K direct·45.77K indirect298.86K

Security Title	Shares Owned	Ownership Type
Class B common stock, par value $0.0001 per share	253.09K	Direct
Class B common stock, par value $0.0001 per share	45.77K	Indirect
Total	298.86K	253.09K direct·45.77K indirect

Derivative Holdings (Post-Transaction)2

Common Units

Direct

Underlying security

Class A common stock, par value $0.0001 per share

Underlying shares

253.09K

Shares owned

253.09K

Exercise price

Expiration

—

Exercise window

—

Common Units

Indirect

Underlying security

Class A common stock, par value $0.0001 per share

Underlying shares

45.77K

Shares owned

45.77K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

298.86K

Owned

298.86K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Common Units Direct	Class A common stock, par value $0.0001 per share	—	—	253.09K	253.09K
Common Units Indirect	Class A common stock, par value $0.0001 per share	—	—	45.77K	45.77K
Total				298.86K	298.86K