ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 - Nov 16, 2022 Form 4 Insider Report for Vertex, Inc. (VERX)

Role
13(D) GROUP MEMBER, 10%+ Owner
Signature
/s/ Lisa Coleman, Attorney-in-Fact
Stock symbol
VERX
Transactions as of
Nov 16, 2022
Transactions value $
$0
Form type
4
Date filed
11/18/2022, 03:18 PM
Next filing
Mar 14, 2023

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 +500K $0.00 500K Nov 16, 2022 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 -500K -21.67% $0.00 1.81M Nov 16, 2022 Class A Common Stock 500K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 upon either (1) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions or (2) the voting power of the Issuer's outstanding Class B Common Stock representing less than 10% of the combined voing power of all of the Issuer's outstanding common stock.
F2 The Form 3 originally filed by the reporting person overstated the number of shares of Class B common stock beneficially owned by an immaterial amount. The total number of shares of Class B common stock beneficially owned following this transaction has been updated herein to correct this error.