i3 Verticals, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Recent Sales of Unregistered Securities None. 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 March 31, 2026 by 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 1/1/2026 - 1/31/2026 372,370 $ 24.08 372,370 $ 3,140 2/1/2026 - 2/28/2026 984,002 $ 21.86 984,002 $ 41,631 3/1/2026 - 3/31/2026 864,364 $ 23.06 864,364 $ 21,699 Total 2,220,736 $ 22.70 2,220,736 $ 21,699 __________________________ a. On August 7, 2025, the Company announced that its Board of Directors had approved a share repurchase program (the "August 2025 Share Repurchase Program") providing for the repurchase of up to $50.0 million of outstanding shares of Class A common stock with an expiration date of September 30, 2026. The maximum dollar amount under the August 2025 Share Repurchase Program was expended during the three months ended March 31, 2026, and such program is no longer in effect. On February 5, 2026, the Company announced that our Board of Directors had approved a new share repurchase program providing for the repurchase of up to $60.0 million of outstanding shares of Class A common stock with an expiration date of February 4, 2027, which program replaced the August 2025 Share Repurchase Program. Since March 31, 2026, the maximum dollar amount under the New Share Repurchase Program was expended, and such program is no longer in effect. The shares of Class A common stock repurchased during the three months ended March 31, 2026, as reflected in the table above, were repurchased under both of these share repurchase programs. During the three months ended March 31, 2026, the Company purchased 2,220,736 of its outstanding shares of Class A common stock under the August 2025 Share Repurchase Program adopted on August 7, 2025 and the New Share Repurchase Program adopted on February 5, 2026, at an average price of $22.70 per share for a total cost inclusive of commissions and excise taxes of $51.0 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.