David DeStefano - 29 Feb 2024 Form 4 Insider Report for Vertex, Inc. (VERX)

Reporting relationship: PRESIDENT & CEO, Director
Issuer ticker: VERX
Reported as of: 29 Feb 2024
Net transaction value: -$6,559,993
SEC form: 4
Accepted by SEC: 04 Mar 2024, 16:35:41 UTC
Prior SEC filing: 27 Feb 2024
Next SEC filing: 05 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Lisa Coleman, Attorney-in-Fact

Key filing fact

David DeStefano filed Form 4 for Vertex, Inc. (VERX) on 04 Mar 2024.

Key facts

This page summarizes David DeStefano's Form 4 filing for Vertex, Inc. (VERX).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 04 Mar 2024, 16:35.

Change

Previous filing in this sequence was filed on 27 Feb 2024.
Current net transaction value: -$6,559,993.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VERX transaction

Class A Common Stock

Options Exercise

Transaction value: $1,125,000
Shares: +450,000
Change %: +90%
Price: $2.50^*
Shares after: 950,988
Date: 29 Feb 2024
Ownership: Direct

VERX transaction

Class

Tax liability

Transaction value: $7,684,993
Shares: -247,903
Change %: -26%
Price: $31.00
Shares after: 703,085
Date: 29 Feb 2024
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VERX transaction Derivative

Stock Option

Options Exercise

Transaction value: $0
Shares: -450,000
Change %: -36%
Price: $0.000000
Shares after: 809,496
Date: 29 Feb 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 450,000
Exercise price: $2.50
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

This option is fully vested and exercisable.

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