David DeStefano - 21 Feb 2025 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
21 Feb 2025
Net transactions value
-$3,719,918
Form type
4
Filing time
25 Feb 2025, 16:19:33 UTC
Previous filing
24 Feb 2025
Next filing
26 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 $0 +69,527 +11% $0.000000 706,765 21 Feb 2025 Direct
transaction VERX Class A Common Stock Tax liability $1,427,010 -32,278 -4.6% $44.21 674,487 21 Feb 2025 Direct
transaction VERX Class A Common Stock Options Exercise $0 +101,395 +15% $0.000000 775,882 21 Feb 2025 Direct
transaction VERX Class A Common Stock Tax liability $2,292,907 -51,864 -6.7% $44.21 724,018 21 Feb 2025 Direct
holding VERX Class A Common Stock 204,032 21 Feb 2025 By Family Trusts 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 Restricted Stock Units Options Exercise $0 -69,527 -25% $0.000000 208,582 21 Feb 2025 Class A Common Stock 69,527 Direct F2, F3
transaction VERX Restricted Stock Units Options Exercise $0 -101,395 -33% $0.000000 202,791 21 Feb 2025 Class A Common Stock 101,395 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 The remaining restricted stock units will vest in three equal annual installments on each of February 22, 2026, February 22, 2027 and February 22, 2028 and have no expiration date.
F4 The remaining restricted stock units will vest in two equal annual installments on each of February 23, 2026 and February 23, 2027 and have no expiration date.