David DeStefano - 24 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
24 Feb 2025
Net transactions value
-$2,438,298
Form type
4
Filing time
26 Feb 2025, 16:21:40 UTC
Previous filing
25 Feb 2025
Next filing
04 Mar 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 +109,232 +15% $0.000000 833,250 24 Feb 2025 Direct
transaction VERX Class A Common Stock Tax liability $2,438,298 -55,873 -6.7% $43.64 777,377 24 Feb 2025 Direct
holding VERX Class A Common Stock 204,032 24 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 -109,232 -50% $0.000000 109,233 24 Feb 2025 Class A Common Stock 109,232 Direct F2, F3
* 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 on February 24, 2026 and have no expiration date.