Rowland Bryan T.r. - 10 Feb 2023 Form 4 Insider Report for Vertex, Inc. (VERX)

Role: GENERAL COUNSEL
Signature: /s/ Lisa Coleman, Attorney-in-Fact
Issuer symbol: VERX
Transactions as of: 10 Feb 2023
Net transactions value: -$19,056
Form type: 4
Filing time: 14 Feb 2023, 16:33:27 UTC
Previous filing: 14 Feb 2022
Next filing: 27 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	$0	+4,088	+8.1%	$0.000000	54,719	10 Feb 2023	Direct	F1
transaction	VERX	Class A Common Stock	Tax liability	$19,056	-1,341	-2.5%	$14.21	53,378	10 Feb 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	-4,088	-25%	$0.000000	12,264	10 Feb 2023	Class A Common Stock	4,088		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 700 shares acquired through the Company's Employee Stock Purchase Plan.
F2	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3	The remaining restricted stock units will vest in three equal installments on February 10, 2024, February 10, 2025 and February 10, 2026 and have no expiration date.