David DeStefano - 10 Dec 2024 Form 4 Insider Report for Vertex, Inc. (VERX)

Role
PRESIDENT & CEO, Director
Signature
/s/ Lisa Coleman, Attorney-in-Fact
Issuer symbol
VERX
Transactions as of
10 Dec 2024
Net transactions value
-$19,969,606
Form type
4
Filing time
12 Dec 2024, 18:14:00 UTC
Previous filing
10 Dec 2024
Next filing
24 Feb 2025
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 $412,080 +164,832 +56% $2.50 458,177 10 Dec 2024 Direct
transaction VERX Class A Common Stock Sale $9,049,137 -164,432 -36% $55.03 293,745 10 Dec 2024 Direct F1
transaction VERX Class A Common Stock Sale $22,206 -400 -0.14% $55.52 293,345 10 Dec 2024 Direct
transaction VERX Class A Common Stock Options Exercise $540,670 +216,268 +74% $2.50 509,613 11 Dec 2024 Direct
transaction VERX Class A Common Stock Sale $11,903,629 -216,268 -42% $55.04 293,345 11 Dec 2024 Direct F2
transaction VERX Class A Common Stock Options Exercise $52,616 +343,893 +117% $0.1530 637,238 12 Dec 2024 Direct
holding VERX Class A Common Stock 204,032 10 Dec 2024 By Family Trusts 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 -164,832 -20% $0.000000 644,664 10 Dec 2024 Class A Common Stock 164,832 $2.50 Direct F4
transaction VERX Stock Option Options Exercise $0 -216,268 -34% $0.000000 428,396 11 Dec 2024 Class A Common Stock 216,268 $2.50 Direct F4
transaction VERX Stock Option Options Exercise $0 -343,893 -100% $0.000000 0 12 Dec 2024 Class A Common Stock 343,893 $0.1530 Direct F5
* 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 $54.50 to $55.49, inclusive. The Reporting Person undertakes to provide 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $54.62 to $55.295, inclusive. The Reporting Person undertakes to provide 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 Represents securities held by individual trusts for the benefit of the Reporting Person's three adult children. The Reporting Person's spouse serves as a trustee of each such trust.
F4 This option is fully vested and exercisable.
F5 Fully vested and exercisable and has no expiration date.