Bryan T.R. Rowland - Mar 8, 2023 Form 4 Insider Report for Vertex, Inc. (VERX)

Role
GENERAL COUNSEL
Signature
/s/ Lisa Coleman, Attorney-in-Fact
Stock symbol
VERX
Transactions as of
Mar 8, 2023
Transactions value $
-$1,233,431
Form type
4
Date filed
3/10/2023, 03:25 PM
Previous filing
Mar 3, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERX Class A Common Stock Options Exercise $116K +31.1K +57.02% $3.73* 85.6K Mar 8, 2023 Direct
transaction VERX Class A Common Stock Sale -$513K -31.1K -36.31% $16.51 54.5K Mar 8, 2023 Direct F1, F2
transaction VERX Class A Common Stock Sale -$836K -50.6K -92.83% $16.52 3.91K Mar 8, 2023 Direct F1, F3

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 $0 -31.1K -50% $0.00 31.1K Mar 8, 2023 Class A Common Stock 31.1K $3.73 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $16.50 to 16.63, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $16.50 to $16.76, 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.
F4 This option became exercisable with respect to 50% of the shares on December 20, 2021, and will vest with respect to the remaining shares on December 20, 2024.