WHITSON CLAY M (Chief Financial Officer) reported 3 transactions at I3 VERTICALS, INC.

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

WHITSON CLAY M

Filed: 6/25/2018ACC: 0001628280-18-008347

InsiderWHITSON CLAY MCIK 1072796

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IssuerI3 VERTICALS, INC.CIK 1728688

DirectorOfficer· Chief Financial Officer

Since Feb 2019

+700.82K

Net shares

Net buyer

$40.2K

Total acquired

Open market trades

0B · 0S

Total transactions

700.82K acquired

Non-Derivative Transactions3

Class A common stock, par value $0.0001 per share

Direct

J · J

+3.09K

Price / share

$13.00

Trade value

$40.20K

% of position

New position

6/25/2018

0.00→3.09K

Class B common stock, par value $0.0001 per share

Direct

J · J

+248.29K

Price / share

—

Trade value

—

% of position

New position

6/25/2018

0.00→248.29K

Class B common stock, par value $0.0001 per share

Indirect

J · J

+50.57K

Price / share

—

Trade value

—

% of position

New position

6/25/2018

0.00→50.57K

Total

Net shares

+301.95K

Net value

$40.20K

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	6/25/2018	J · J	+3.09K	$13.00	$40.20K	New position	0.00	3.09K
Class B common stock, par value $0.0001 per share Direct	6/25/2018	J · J	+248.29K	—	—	New position	0.00	248.29K
Class B common stock, par value $0.0001 per share Indirect	6/25/2018	J · J	+50.57K	—	—	New position	0.00	50.57K
Total			+301.95K		$40.20K

Derivative Transactions3

Stock Option (Right to Buy)

Direct

A · Award

Converts to

Class A common stock, par value $0.0001 per share

100K shares

+100K

Strike price

13.0

Held after

100K

Exercisable

—

6/25/2018

Common Units

Direct

J · J

Converts to

Class A common stock, par value $0.0001 per share

248.29K shares

+248.29K

Strike price

Held after

248.29K

Exercisable

—

6/25/2018

Common Units

Indirect

J · J

Converts to

Class A common stock, par value $0.0001 per share

50.57K shares

+50.57K

Strike price

Held after

50.57K

Exercisable

—

6/25/2018

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 share100K shares	6/25/2018	A · Award	+100K	13.0	—	100K
Common Units Direct	Class A common stock, par value $0.0001 per share248.29K shares	6/25/2018	J · J	+248.29K		—	248.29K
Common Units Indirect	Class A common stock, par value $0.0001 per share50.57K shares	6/25/2018	J · J	+50.57K		—	50.57K