John R. Schwab - Aug 22, 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: Aug 22, 2024
Transactions value $: -$777,650
Form type: 4
Date filed: 8/26/2024, 05:00 PM
Previous filing: Mar 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VERX	Class A Common Stock	Options Exercise	$118K	+25K	+47.08%	$4.70	78.1K	Aug 22, 2024	Direct
transaction	VERX	Class A Common Stock	Sale	-$895K	-25K	-32.01%	$35.81	53.1K	Aug 22, 2024	Direct	F1

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	-25K	-6.15%	$0.00	381K	Aug 22, 2024	Class A Common Stock	25K	$4.70	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $35.630 to $35.945, 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.
F2	This option became exercisable with respect to 50% of the shares on February 5, 2022, and will vest with respect to the remaining shares on February 5, 2025.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $35.630 to $35.945, 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.

This option became exercisable with respect to 50% of the shares on February 5, 2022, and will vest with respect to the remaining shares on February 5, 2025.