David DeStefano - Sep 14, 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
Sep 14, 2023
Transactions value $
-$4,569,495
Form type
4
Date filed
9/18/2023, 05:20 PM
Previous filing
Jun 20, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERX Class A Common Stock Options Exercise $787K +315K +121.53% $2.50 574K Sep 14, 2023 Direct
transaction VERX Class A Common Stock Tax liability -$3.73M -180K -31.32% $20.75 394K Sep 14, 2023 Direct
transaction VERX Class A Common Stock Options Exercise $697K +187K +47.34% $3.73 581K Sep 14, 2023 Direct
transaction VERX Class A Common Stock Tax liability -$2.32M -112K -19.28% $20.75 469K Sep 14, 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 Stock Option Options Exercise $0 -315K -100% $0.00* 0 Sep 14, 2023 Class A Common Stock 315K $2.50 Direct F1
transaction VERX Stock Option Options Exercise $0 -187K -50.13% $0.00 186K Sep 14, 2023 Class A Common Stock 187K $3.73 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option is fully vested and exercisable.
F2 This option became exercisable with respect to 50% of the shares on December 27, 2021, and will vest with respect to the remaining shares on December 27, 2024.