Jeffrey Westphal - Jun 30, 2022 Form 4 Insider Report for Vertex, Inc. (VERX)

Role: 10%+ Owner
Signature: By: /s/ Lisa Coleman, Attorney-in-Fact
Stock symbol: VERX
Transactions as of: Jun 30, 2022
Transactions value $: -$2,382,375
Form type: 4
Date filed: 7/5/2022, 04:30 PM
Previous filing: Jun 22, 2022
Next filing: Jul 8, 2022
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	Sale	-$1.7M	-150K	-9.03%	$11.32	1.51M	Jun 30, 2022	See Footnote	F1
transaction	VERX	Class A Common Stock	Sale	-$684K	-61.9K	-4.09%	$11.06	1.45M	Jul 1, 2022	See Footnote	F1, F2
holding	VERX	Class A Common Stock						16.3M	Jun 30, 2022	By The 2009 Jeffrey R. Westphal Generation Skipping Trust
holding	VERX	Class A Common Stock						7.9K	Jun 30, 2022	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares held by The 2009 Jeffrey R. Westphal Generation-Skipping Sub-Trust for Jenifer R. Westphal (the "Sub-Trust"), of which the Reporting Person's spouse is trustee. The Reporting Person transferred the shares to the Sub-Trust in a transaction exempt from reporting under Rule 16a-13. In addition, the sale reported on the Reporting Person's Form 4 filed on May 25, 2022 was made by the Sub-Trust rather than The 2009 Jeffrey R. Westphal Generation-Skipping Trust.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $11.00 to $11.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Content

Represents shares held by The 2009 Jeffrey R. Westphal Generation-Skipping Sub-Trust for Jenifer R. Westphal (the "Sub-Trust"), of which the Reporting Person's spouse is trustee. The Reporting Person transferred the shares to the Sub-Trust in a transaction exempt from reporting under Rule 16a-13. In addition, the sale reported on the Reporting Person's Form 4 filed on May 25, 2022 was made by the Sub-Trust rather than The 2009 Jeffrey R. Westphal Generation-Skipping Trust.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $11.00 to $11.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.