JOHN R. SCHWAB - 01 Mar 2023 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: 01 Mar 2023
Net transactions value: -$19,453
Form type: 4
Filing time: 03 Mar 2023, 15:31:54 UTC
Previous filing: 27 Feb 2023
Next filing: 17 May 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	+3,441	+16%	$0.000000	24,563	01 Mar 2023	Direct
transaction	VERX	Class A Common Stock	Tax liability	$19,453	-1,247	-5.1%	$15.60	23,316	01 Mar 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	-3,441	-50%	$0.000000	3,442	01 Mar 2023	Class A Common Stock	3,441		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 Issuers Class A Common Stock.
F2	The remaining restricted stock units will vest in two equal annual installments on each of March 1, 2024 and March 1, 2025 and have no expiration date.