[guided]The point of the triple-overlap identity is that there are two ways to express the same coordinate change from the $k$-chart to the $i$-chart. Recall that for each index $r \in I$, the map $\phi_r: \pi^{-1}(U_r) \to U_r \times F$ is a chosen local trivialisation, and for $r,s \in I$ the transition function $t_{rs}: U_r \cap U_s \to \operatorname{Homeo}(F)$ is defined by $\phi_r \circ \phi_s^{-1}(b,x)=(b,t_{rs}(b)(x))$ on $(U_r\cap U_s)\times F$. Fix indices $i,j,k \in I$ with $U_i \cap U_j \cap U_k \neq \varnothing$, and fix a base point $b \in U_i \cap U_j \cap U_k$. We compare maps on the fibre $\{b\}\times F$, with all coordinate changes restricted to $(U_i \cap U_j \cap U_k)\times F$ so that the compositions are well-defined.
For each $x \in F$, the direct coordinate change from the $k$-trivialisation to the $i$-trivialisation is
\begin{align*}
\phi_i \circ \phi_k^{-1}(b,x)=(b,t_{ik}(b)(x)).
\end{align*}
Now perform the same coordinate change in two stages: first go from the $k$-trivialisation to the $j$-trivialisation, then from the $j$-trivialisation to the $i$-trivialisation. Since composition of maps is associative, this two-stage coordinate change is
\begin{align*}
(\phi_i \circ \phi_j^{-1}) \circ (\phi_j \circ \phi_k^{-1})
=
\phi_i \circ (\phi_j^{-1}\circ \phi_j) \circ \phi_k^{-1}.
\end{align*}
Since $\phi_j^{-1}\circ \phi_j$ is the identity on its domain, this simplifies to
\begin{align*}
(\phi_i \circ \phi_j^{-1}) \circ (\phi_j \circ \phi_k^{-1})=\phi_i \circ \phi_k^{-1}.
\end{align*}
Evaluating the two-stage expression at $(b,x)$ and first using the definition of $t_{jk}$ gives
\begin{align*}
(\phi_i \circ \phi_j^{-1}) \circ (\phi_j \circ \phi_k^{-1})(b,x)=(\phi_i \circ \phi_j^{-1})(b,t_{jk}(b)(x)).
\end{align*}
Then using the definition of $t_{ij}$ gives
\begin{align*}
(\phi_i \circ \phi_j^{-1})(b,t_{jk}(b)(x))=(b,t_{ij}(b)(t_{jk}(b)(x))).
\end{align*}
The direct and two-stage coordinate changes are the same map, so their values at $(b,x)$ agree:
\begin{align*}
(b,t_{ik}(b)(x))=(b,t_{ij}(b)(t_{jk}(b)(x))).
\end{align*}
Equality in the product $U_i \times F$ implies equality of second components, hence
\begin{align*}
t_{ik}(b)(x)=t_{ij}(b)(t_{jk}(b)(x)).
\end{align*}
Because this holds for every $x \in F$, the two maps $F \to F$ are equal:
\begin{align*}
t_{ij}(b)\circ t_{jk}(b)=t_{ik}(b).
\end{align*}[/guided]