Tensile Capital Management LP - Oct 6, 2023 Form 4 Insider Report for Vertex, Inc. (VERX)

Role
10%+ Owner
Signature
Tensile Capital Partners Master Fund LP, by: Tensile Capital GP LLC, its General Partner, /s/ Arthur Young, Managing Partner
Stock symbol
VERX
Transactions as of
Oct 6, 2023
Transactions value $
-$3,635,100
Form type
4
Date filed
10/10/2023, 05:30 PM
Previous filing
Oct 3, 2023
Next filing
Nov 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERX Class A common stock Sale -$2.91M -120K -2.07% $24.25 5.69M Oct 6, 2023 By Tensile Capital Partners Master Fund F1, F2, F3
transaction VERX Class A common stock Sale -$480K -20K -0.35% $23.98 5.67M Oct 9, 2023 By Tensile Capital Partners Master Fund LP F1, F2, F3
transaction VERX Class A Common Stock Sale -$246K -10K -0.18% $24.55 5.66M Oct 10, 2023 By Tensile Capital Partners Master Fund LP F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.