John R. Schwab - Feb 23, 2024 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 23, 2024
Transactions value $
-$405,516
Form type
4
Date filed
2/27/2024, 04:25 PM
Previous filing
Feb 26, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERX Class A Common Stock Options Exercise $0 +30.3K +78.88% $0.00 68.7K Feb 23, 2024 Direct
transaction VERX Class A Common Stock Tax liability -$406K -16.4K -23.88% $24.71 52.3K Feb 23, 2024 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 -30.3K -25% $0.00 90.9K Feb 23, 2024 Class A Common Stock 30.3K 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 three equal installments on each of February 23, 2025, February 23, 2026 and February 23, 2027 and have no expiration date.