David DeStefano - Feb 23, 2023 Form 4 Insider Report for Vertex, Inc. (VERX)

Role
PRESIDENT & CEO, Director
Signature
/s/ Lisa Coleman, Attorney-in-Fact
Stock symbol
VERX
Transactions as of
Feb 23, 2023
Transactions value $
-$708,248
Form type
4
Date filed
2/27/2023, 03:42 PM
Previous filing
Dec 14, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERX Class A Common Stock Options Exercise $0 +109K +40.81% $0.00 377K Feb 24, 2023 Direct
transaction VERX Class A Common Stock Tax liability -$708K -45.9K -12.17% $15.44 331K Feb 24, 2023 Direct

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 -109K -25% $0.00 328K Feb 24, 2023 Class A Common Stock 109K Direct F1, F2
transaction VERX Restricted Stock Units Award $0 +406K $0.00 406K Feb 23, 2023 Class A Common Stock 406K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The remaining restricted stock units will vest in three equal annual installments on each of February 24, 2024, February 24, 2025 and February 24, 2026 and have no expiration date.
F3 Represents an award of restricted stock units that will vest as to 25% of the amount of shares on each of February 23, 2024, February 23, 2025, February 23, 2026 and February 23, 2027.