John R. Schwab - 14 Dec 2022 Form 4 Insider Report for Vertex, Inc. (VERX)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Lisa Coleman, Attorney-in-Fact
Issuer symbol: VERX
Transactions as of: 14 Dec 2022
Net transactions value: -$121,076
Form type: 4
Filing time: 16 Dec 2022, 15:09:42 UTC
Previous filing: 06 Dec 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	$34,963	+7,439	+133%	$4.70	13,018	14 Dec 2022	Direct
transaction	VERX	Class A Common Stock	Sale	$121,076	-7,439	-57%	$16.28	5,579	14 Dec 2022	Direct	F1

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	$34,963	-7,439	-1.6%	$4.70	471,473	14 Dec 2022	Class A Common Stock	7,439	$4.70	Direct	F2

* 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 $16.19 to $16.375, 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	This option became exercisable with respect to 50% of the shares on February 5, 2022, and will vest with respect to the remaining shares on February 5, 2025.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $16.19 to $16.375, 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.

This option became exercisable with respect to 50% of the shares on February 5, 2022, and will vest with respect to the remaining shares on February 5, 2025.