<SEC-DOCUMENT>0001628280-18-008351.txt : 20180625
<SEC-HEADER>0001628280-18-008351.hdr.sgml : 20180625
<ACCEPTANCE-DATETIME>20180625213115
ACCESSION NUMBER:		0001628280-18-008351
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180625
FILED AS OF DATE:		20180625
DATE AS OF CHANGE:		20180625

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HARVEY ROBERT BURTON
		CENTRAL INDEX KEY:			0001738212

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38532
		FILM NUMBER:		18918152

	MAIL ADDRESS:	
		STREET 1:		40 BURTON HILLS BOULEVARD, SUITE 415
		CITY:			NASHVILLE
		STATE:			TN
		ZIP:			37215

	FORMER NAME:	
		FORMER CONFORMED NAME:	BURTON ROBERT HARVEY
		DATE OF NAME CHANGE:	20180420

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			i3 Verticals, Inc.
		CENTRAL INDEX KEY:			0001728688
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				824052852
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		40 BURTON HILLS BLVD.
		STREET 2:		SUITE 415
		CITY:			NASHVILLE
		STATE:			TN
		ZIP:			37215
		BUSINESS PHONE:		800-203-7981

	MAIL ADDRESS:	
		STREET 1:		40 BURTON HILLS BLVD.
		STREET 2:		SUITE 415
		CITY:			NASHVILLE
		STATE:			TN
		ZIP:			37215
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wf-form4_152997665851506.xml
<DESCRIPTION>FORM 4
<TEXT>
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        <issuerName>i3 Verticals, Inc.</issuerName>
        <issuerTradingSymbol>IIIV</issuerTradingSymbol>
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            <rptOwnerName>HARVEY ROBERT BURTON</rptOwnerName>
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            <rptOwnerStreet1>40 BURTON HILLS BOULEVARD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 415</rptOwnerStreet2>
            <rptOwnerCity>NASHVILLE</rptOwnerCity>
            <rptOwnerState>TN</rptOwnerState>
            <rptOwnerZipCode>37215</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
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            <otherText></otherText>
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                <value>Class B common stock, par value $0.0001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2018-06-25</value>
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                <transactionPricePerShare>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Claritas Capital Specialty Debt Fund, L.P.</value>
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                <transactionAcquiredDisposedCode>
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                    <value>117090</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>CF i3 Corporation</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>13.0</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2018-06-25</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2028-06-25</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A common stock, par value $0.0001 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10000.0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10000</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeTransaction>
        <derivativeTransaction>
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            <conversionOrExercisePrice>
                <footnoteId id="F6"/>
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                <value>2018-06-25</value>
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            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F7"/>
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            <transactionAmounts>
                <transactionShares>
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            <expirationDate>
                <footnoteId id="F6"/>
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                <underlyingSecurityTitle>
                    <value>Class A common stock, par value $0.0001 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>11716.0</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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        <derivativeTransaction>
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                <transactionShares>
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                <transactionPricePerShare>
                    <footnoteId id="F6"/>
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                <transactionAcquiredDisposedCode>
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            <exerciseDate>
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            <expirationDate>
                <footnoteId id="F6"/>
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                <underlyingSecurityTitle>
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                    <value>A</value>
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                <footnoteId id="F6"/>
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                    <value>117090.0</value>
                </underlyingSecurityShares>
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                    <value>117090</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>CF i3 Corporation</value>
                    <footnoteId id="F10"/>
                </natureOfOwnership>
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    <footnotes>
        <footnote id="F1">Pursuant to the Reorganization Transactions (as defined in i3 Verticals, Inc.'s (the &quot;Issuer&quot;) Registration Statement on Form S-1, as amended (File No. 333-225214) (the &quot;Registration Statement&quot;)) as part of the Issuer's initial public offering (&quot;IPO&quot;), the Reporting Person's equity ownership in i3 Verticals, LLC was converted into newly issued common units in i3 Verticals, LLC (each a &quot;Common Unit&quot;) together with an equal number of shares of Class B common stock, par value $0.0001 per share (the &quot;Class B Common Stock&quot;), in the Issuer. The shares of Class B Common Stock (i) confer no incidents of economic ownership on the holders thereof, (ii) only confer voting rights on the holders thereof and (iii) may only be issued, on a one-for-one basis, to the holders of Common Units.</footnote>
        <footnote id="F2">Represents shares of Class B Common Stock held by CCSD II, L.P. (&quot;CCSD&quot;), of which the Reporting Person serves as a voting member of the investment committee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.</footnote>
        <footnote id="F3">Represents shares of Class B Common Stock held by Claritas Capital Specialty Debt Fund, L.P. (&quot;Claritas&quot;), of which the Reporting Person serves as a voting member of the investment committee. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.</footnote>
        <footnote id="F4">Represents shares of Class B Common Stock held by CF i3 Corporation (&quot;CF&quot;), of which the Reporting Person serves as an officer. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.</footnote>
        <footnote id="F5">The option vests ratably in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued service with the Issuer.</footnote>
        <footnote id="F6">The vested Common Units may be redeemed by the Reporting Person at any time following the closing of the Issuer's IPO for an equal number of shares of Class A common stock, par value $0.0001 per share (the &quot;Class A Common Stock&quot;) or, at the election of i3 Verticals, LLC, cash equal to the volume-weighted average market price of such shares. Upon the Reporting Person's redemption of a Common Unit for Class A Common Stock, any corresponding share of Class B Common Stock will be cancelled.</footnote>
        <footnote id="F7">Pursuant to the Reorganization Transactions (as defined in the Registration Statement) as part of the Issuer's IPO, the Reporting Person's equity ownership in i3 Verticals, LLC was converted into newly issued Common Units together with an equal number of Class B Common Stock, in the Issuer.</footnote>
        <footnote id="F8">Represents Common Units held by CCSD. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.</footnote>
        <footnote id="F9">Represents Common Units held by Claritas. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.</footnote>
        <footnote id="F10">Represents Common Units held by CF. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Paul Maple, Attorney-in-Fact
for Robert Burton Harvey</signatureName>
        <signatureDate>2018-06-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
