Key facts
- This page summarizes Tensile Capital Management LP's Form 4 filing for Vertex, Inc. (VERX).
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 13 Nov 2023, 17:30.
Tensile Capital Management LP - 09 Nov 2023 Form 4 Insider Report for Vertex, Inc. (VERX)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- VERX
- Reported as of
- 09 Nov 2023
- Net transaction value
- -$6,903,362
- SEC form
- 4
- Accepted by SEC
- 13 Nov 2023, 17:30:14 UTC
- Prior SEC filing
- 10 Oct 2023
- Source filing
- View source filing
- Reporting owner signature
- Tensile Capital Partners Master Fund LP, by: Tensile Capital GP LLC, its General Partner, /s/ Arthur Young, Managing Partner
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Tensile Capital Management LP filed Form 4 for Vertex, Inc. (VERX) on 13 Nov 2023.
Change
- Previous filing in this sequence was filed on 10 Oct 2023.
- Current net transaction value: -$6,903,362.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
VERX
transaction
Class A common stock
Sale
- Transaction value
- $5,254,000
- Shares
- -200,000
- Change %
- -3.5%
- Price
- $26.27
- Shares after
- 5,456,717
- Date
- 09 Nov 2023
- Ownership
- By Tensile Capital Partners Master Fund LP
- Footnotes
- F1, F2, F3, F4
VERX
transaction
Class A common stock
Sale
- Transaction value
- $1,459,578
- Shares
- -53,484
- Change %
- -0.98%
- Price
- $27.29
- Shares after
- 5,403,233
- Date
- 09 Nov 2023
- Ownership
- By Tensile Capital Partners Master Fund LP
- Footnotes
- F2, F3, F4
VERX
transaction
Class A common stock
Sale
- Transaction value
- $189,784
- Shares
- -6,934
- Change %
- -0.13%
- Price
- $27.37
- Shares after
- 5,396,299
- Date
- 10 Nov 2023
- Ownership
- By Tensile Capital Partners Master Fund LP
- Footnotes
- F2, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Tensile Capital Management LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
This transaction was executed in multiple trades at prices ranging from $26.07 to $26.90; the price reported above reflects the weighted average sale price. The Reporting Persons (as defined below) undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.
Footnote F2
The shares are held directly by Tensile Capital Partners Master Fund LP. The reporting persons ("Reporting Persons") are Douglas J. Dossey, Arthur C. Young, Tensile Capital Management LP, Tensile Capital Management GP LLC, Tensile Capital GP LLC and Tensile Capital Partners Master Fund LP.
Footnote F3
The general partner and investment adviser of Tensile Capital Partners Master Fund LP are Tensile Capital GP LLC and Tensile Capital Management LP, respectively. The general partner of Tensile Capital Management LP is Tensile Capital Management GP LLC.
Footnote F4
Douglas J. Dossey and Arthur C. Young are the controlling principals of Tensile Capital Management LP, Tensile Capital Management GP LLC, and Tensile Capital GP LLC. Each of the Reporting Persons may be deemed to share beneficial ownership of the shares with Tensile Capital Partners Master Fund LP. Each of the Reporting Persons disclaim beneficial ownership of the shares, except to the extent of such person's pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
Footnote F5
This transaction was executed in multiple trades at prices ranging from $27.33 to $28.10; the price reported above reflects the weighted average sale price. The Reporting Persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.