David DeStefano - 01 Mar 2021 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
01 Mar 2021
Net transactions value
+$8,415
Form type
4
Filing time
12 Nov 2021, 15:26:05 UTC
Next filing
14 May 2021
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 $8,415 +55,000 +11% $0.1530* 560,580 10 Mar 2021 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 -55,000 -14% $0.000000 350,893 10 Mar 2021 Class A Common Stock 55,000 $0.1530 Direct F2
transaction VERX Stock Option Award $0 +132,799 $0.000000 132,799 01 Mar 2021 Class A Common Stock 132,799 $32.16 Direct F3
transaction VERX Restricted Stock Units Award $0 +114,272 $0.000000 114,272 01 Mar 2021 Class A Common Stock 114,272 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 53 shares of restricted stock that were inadvertently omitted from filer's Form 3. The amount reported in column 5 reflects the number of shares of Class A Common Stock beneficially owned as of the date hereof.
F2 Fully vested and exercisable and has no expiration date.
F3 This option will vest and become exercisable with respect to 25% of the shares on each of March 1, 2022, March 1, 2023, March 1, 2024 and March 1, 2025.
F4 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F5 Represents an award of restricted stock units that will vest as to 50% of the shares on March 1, 2023, and 25% of the shares on each of March 1, 2024 and March 1, 2025.