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

Role
PRESIDENT & CEO, Director
Signature
/s/ Lisa Coleman, Attorney-in-Fact
Stock symbol
VERX
Transactions as of
Dec 10, 2024
Transactions value $
-$19,969,606
Form type
4
Date filed
12/12/2024, 06:14 PM
Previous filing
Dec 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERX Class A Common Stock Options Exercise $412K +165K +56.19% $2.50 458K Dec 10, 2024 Direct
transaction VERX Class A Common Stock Sale -$9.05M -164K -35.89% $55.03 294K Dec 10, 2024 Direct F1
transaction VERX Class A Common Stock Sale -$22.2K -400 -0.14% $55.52 293K Dec 10, 2024 Direct
transaction VERX Class A Common Stock Options Exercise $541K +216K +73.72% $2.50 510K Dec 11, 2024 Direct
transaction VERX Class A Common Stock Sale -$11.9M -216K -42.44% $55.04 293K Dec 11, 2024 Direct F2
transaction VERX Class A Common Stock Options Exercise $52.6K +344K +117.23% $0.15 637K Dec 12, 2024 Direct
holding VERX Class A Common Stock 204K Dec 10, 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 -165K -20.36% $0.00 645K Dec 10, 2024 Class A Common Stock 165K $2.50 Direct F4
transaction VERX Stock Option Options Exercise $0 -216K -33.55% $0.00 428K Dec 11, 2024 Class A Common Stock 216K $2.50 Direct F4
transaction VERX Stock Option Options Exercise $0 -344K -100% $0.00 0 Dec 12, 2024 Class A Common Stock 344K $0.15 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.