David DeStefano - Feb 23, 2024 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, 2024
Transactions value $
-$2,516,219
Form type
4
Date filed
2/27/2024, 04:24 PM
Previous filing
Feb 26, 2024
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERX Class A Common Stock Options Exercise $0 +101K +25.85% $0.00 494K Feb 23, 2024 Direct
transaction VERX Class A Common Stock Tax liability -$1.14M -46K -9.31% $24.71 448K Feb 23, 2024 Direct
transaction VERX Class A Common Stock Options Exercise $0 +109K +24.4% $0.00 557K Feb 24, 2024 Direct
transaction VERX Class A Common Stock Tax liability -$1.38M -55.9K -10.03% $24.71 501K Feb 24, 2024 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 -101K -25% $0.00 304K Feb 23, 2024 Class A Common Stock 101K Direct F1, F2
transaction VERX Restricted Stock Units Options Exercise $0 -109K -33.33% $0.00 218K Feb 24, 2024 Class A Common Stock 109K 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 23, 2025 and February 23, 2026 and February 23, 2027 and have no expiration date.
F3 The remaining restricted stock units will vest in two equal annual installments on each of February, 24, 2025 and February 24, 2026 and have no expiration date.