David DeStefano - 23 Feb 2023 Form 4 Insider Report for Vertex, Inc. (VERX)

Role: PRESIDENT & CEO, Director
Signature: /s/ Lisa Coleman, Attorney-in-Fact
Issuer symbol: VERX
Transactions as of: 23 Feb 2023
Net transactions value: -$708,248
Form type: 4
Filing time: 27 Feb 2023, 15:42:11 UTC
Previous filing: 14 Dec 2022
Next filing: 03 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	Options Exercise	$0	+109,232	+41%	$0.000000	376,892	24 Feb 2023	Direct
transaction	VERX	Class A Common Stock	Tax liability	$708,248	-45,871	-12%	$15.44	331,021	24 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	-109,232	-25%	$0.000000	327,698	24 Feb 2023	Class A Common Stock	109,232		Direct	F1, F2
transaction	VERX	Restricted Stock Units	Award	$0	+405,581		$0.000000	405,581	23 Feb 2023	Class A Common Stock	405,581		Direct	F1, F3

* 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 24, 2024, February 24, 2025 and February 24, 2026 and have no expiration date.
F3	Represents an award of restricted stock units that will vest as to 25% of the amount of shares on each of February 23, 2024, February 23, 2025, February 23, 2026 and February 23, 2027.