Lisa Butler - 13 Sep 2022 Form 4 Insider Report for Vertex, Inc. (VERX)

Role
CHIEF ACCOUNTING OFFICER
Signature
/s/ Lisa Coleman, Attorney-in-Fact
Issuer symbol
VERX
Transactions as of
13 Sep 2022
Net transactions value
-$635,898
Form type
4
Filing time
15 Sep 2022, 16:57:00 UTC
Previous filing
15 Jun 2022
Next filing
14 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERX Class A Common Stock Options Exercise $62,500 +25,000 +96% $2.50* 50,937 13 Sep 2022 Direct
transaction VERX Class A Common Stock Sale $363,682 -25,000 -49% $14.55 25,937 13 Sep 2022 Direct F1
transaction VERX Class A Common Stock Sale $334,715 -22,793 -88% $14.68 3,144 13 Sep 2022 Direct F2

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 Stock Option Options Exercise $0 -25,000 -20% $0.000000 100,946 13 Sep 2022 Class A Common Stock 25,000 $2.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $14.495 to $14.685, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $14.680 to $14.685, inclusive. The Reporting Person undertakes to provide the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 This option is fully vested and exercisable.