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

Role: 13(D) GROUP MEMBER, 10%+ Owner
Signature: /s/ Lisa Coleman, Attorney-in-Fact
Issuer symbol: VERX
Transactions as of: 16 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 18 Nov 2022, 15:18:57 UTC
Next filing: 14 Mar 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	Conversion of derivative security	$0	+500,000		$0.000000	500,000	16 Nov 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	-500,000	-22%	$0.000000	1,807,548	16 Nov 2022	Class A Common Stock	500,000		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.

Content

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.

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.