i3 Verticals, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds During the three months ended December 31, 2024, we issued an aggregate of 17,577 shares, of Class A common stock in exchange for an equivalent number of shares of Class B common stock and Common Units pursuant to the terms of the i3 Verticals, LLC Limited Liability Company Agreement. These shares were issued in reliance on an exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933. Issuer Purchases of Equity Securities The following table provides information with respect to purchases of shares of the Company’s Class A Common Stock made during the three months ended December 31, 2024 on behalf of the Company: ISSUER PURCHASES OF EQUITY SECURITIES Period (a) Total Number of Shares (or Units) Purchased Average Price Paid per Share (or Unit) (a) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs (a) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs 10/1/2024 - 10/31/2024 403,748 $ 22.41 403,748 $ 40,952 11/1/2024 - 11/30/2024 892 $ 22.96 892 $ 40,931 12/1/2024 - 12/31/2024 92,145 $ 22.85 92,145 $ 38,825 Total 496,785 $ 22.49 496,785 $ 38,825 __________________________ a. On August 8, 2024, the Company announced that its Board of Directors had approved a new share repurchase program for up to $50.0 million of outstanding shares of Class A common stock. The Share Repurchase Program will terminate on the earlier of August 8, 2025, or when the maximum dollar amount under the Share Repurchase Program has been expended. During the three months ended December 31, 2024, the Company purchased 496,785 of its outstanding shares of Class A common stock at an average price of $22.49 for a total cost of $11.2 million. When the Company repurchases shares of Common Stock, the amount paid to repurchase the shares in excess of the par or stated value is allocated to additional paid-in-capital unless subject to limitation or the balance in additional paid-in-capital is exhausted. Remaining amounts are recognized as a reduction in retained earnings. Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.