I3 VERTICALS INC

Ticker: IIIV CUSIP: 46571Y107 Class: Common Stock

Forager Capital Management, LLC's Holding History (CIK: 0001802986)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 549,401 Value ($000) $13,839 Avg Close $28.15 Range $22.00 - $33.97

Q3 2025

Shares 665,000 Value ($000) $21,586 Avg Close $30.14 Range $27.03 - $33.44

Q2 2025

Shares 665,000 Value ($000) $18,274 Avg Close $25.07 Range $22.21 - $27.87

Q1 2025

Shares 765,000 Value ($000) $18,873 Avg Close $25.33 Range $22.98 - $29.80

Q4 2024

Shares 765,000 Value ($000) $17,626 Avg Close $23.45 Range $20.65 - $26.66

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	549,401	$13,839	$28.15	$22.00 - $33.97
Q3 2025	665,000	$21,586	$30.14	$27.03 - $33.44
Q2 2025	665,000	$18,274	$25.07	$22.21 - $27.87
Q1 2025	765,000	$18,873	$25.33	$22.98 - $29.80
Q4 2024	765,000	$17,626	$23.45	$20.65 - $26.66