John R. Schwab - Feb 10, 2023 Form 4 Insider Report for Vertex, Inc. (VERX)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Lisa Coleman, Attorney-in-Fact
Stock symbol
VERX
Transactions as of
Feb 10, 2023
Transactions value $
-$120,302
Form type
4
Date filed
2/14/2023, 04:31 PM
Previous filing
Dec 16, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERX Class A Common Stock Options Exercise $0 +24K +430.35% $0.00 29.6K Feb 10, 2023 Direct
transaction VERX Class A Common Stock Tax liability -$120K -8.47K -28.61% $14.21 21.1K Feb 10, 2023 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 Restricted Stock Units Options Exercise $0 -24K -25% $0.00 72K Feb 10, 2023 Class A Common Stock 24K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The remaining restricted stock units will vest in three equal annual installments on each of February 10, 2024, February 10, 2025 and February 10, 2026 and have no expiration date.