IIIV · i3 Verticals, Inc.

This share repurchase program signals continued confidence in the company’s financial position and capital allocation discipline, following full utilization of the prior authorization adopted just three months earlier. The $100 million size represents a meaningful commitment—approximately 4.2% of i3 Verticals’ market capitalization as of recent public data—though actual deployment remains discretionary and contingent on liquidity, cash flow, regulatory compliance (including Rule 10b-18 and Rule 10b5-1), and contractual restrictions under its credit facility. Unlike dividend declarations, this program provides flexibility: repurchases may be paused or terminated without disclosure, and timing depends on market conditions and internal priorities. Investors should note the absence of any stated timeline for execution or minimum purchase thresholds, limiting near-term impact visibility. While buybacks can enhance EPS and signal management’s view of intrinsic value, the lack of concurrent earnings guidance or balance sheet metrics in this filing prevents assessment of funding source (e.g., operating cash flow vs. debt) or strategic trade-offs with growth investments.