Jeffrey Westphal - Oct 3, 2024 Form 4 Insider Report for Vertex, Inc. (VERX)

Role
10%+ Owner
Signature
/s/ Anton Pamer, Attorney-in-Fact
Stock symbol
VERX
Transactions as of
Oct 3, 2024
Transactions value $
-$48,289,500
Form type
4
Date filed
10/7/2024, 06:33 PM
Previous filing
Jul 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERX Class A Common Stock Conversion of derivative security $0 +170K +16.15% $0.00 1.23M Oct 3, 2024 By The 2009 Jeffrey R. Westphal Generation Skipping Trust F1
transaction VERX Class A Common Stock Sale -$48.3M -1.23M -100% $39.42 0 Oct 3, 2024 By The 2009 Jeffrey R. Westphal Generation Skipping Trust
holding VERX Class A Common Stock 7.9K Oct 3, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VERX Class B Common Stock Conversion of derivative security $0 -170K -2.52% $0.00 6.58M Oct 3, 2024 Class A Common Stock 170K By The 2009 Jeffrey R. Westphal Generation Skipping Trust F1, F2
holding VERX Class B Common Stock 838K Oct 3, 2024 Class A Common Stock 838K Direct F2
holding VERX Class B Common Stock 1.15M Oct 3, 2024 Class A Common Stock 1.15M By Rainer J. Westphal 2007 Separate Exempt Trust FBO Jeffrey Westphal F2
holding VERX Class B Common Stock 332K Oct 3, 2024 Class A Common Stock 332K By Rainer J. Westphal 2007 Separate Exempt Trust FBO Jeffrey Westphal F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The conversion reflected here was finalized on October 4, 2024.
F2 The Class B Common Stock is convertible at any time at the option of the holder into one share of the Issuer's Class A Common Stock and has no expiration date. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis either (1) upon any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions or (2) if the voting power of the Issuer's outstanding Class B Common Stock represents less than 10% of the combined voting power of all of the Issuer's outstanding common stock.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney