Amanda Westphal Radcliffe - 06 Dec 2023 Form 4 Insider Report for Vertex, Inc. (VERX)

Role: Director, 10%+ Owner
Signature: /s/ Bryan Rowland, Attorney-in-fact
Issuer symbol: VERX
Transactions as of: 06 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 08 Dec 2023, 16:31:11 UTC
Previous filing: 15 Jun 2023
Next filing: 14 Jun 2024
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	VERX	Class B Common Stock	Will/Inheritance	$0	+789,000	+1610%	$0.000000	838,000	06 Dec 2023	Class A Common Stock	789,000	Direct	F1
holding	VERX	Class B Common Stock						30,505,702	06 Dec 2023	Class A Common Stock	30,505,702	By The 2009 Amanda W. Radcliffe Generation Skipping Trust	F1, F2
holding	VERX	Class B Common Stock						1,786,000	06 Dec 2023	Class A Common Stock	1,786,000	By Irr. Trust of RJW, Settlor, 7/19/07 - Separate Trust for Benefit of Amanda W. Radcliffe	F1

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

Explanation of Responses:

Id	Content
F1	The Class B Common Stock is convertible at any time at the option of the holder into one share of the Issuer's Class A Common Stock and has no expiration date. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon either (1) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions or (2) the voting power of the Issuer's outstanding Class B Common Stock representing less than 10% of the combined voing power of all of the Issuer's outstanding common stock.
F2	The Form 3 originally filed by the reporting person understated the reporting person's indirect ownership of Class B Common Stock by approximately 49,251 shares. This Form 4 reflects the correct number of shares.

Content

The Class B Common Stock is convertible at any time at the option of the holder into one share of the Issuer's Class A Common Stock and has no expiration date. The Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock on a one-to-one basis upon either (1) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions or (2) the voting power of the Issuer's outstanding Class B Common Stock representing less than 10% of the combined voing power of all of the Issuer's outstanding common stock.

The Form 3 originally filed by the reporting person understated the reporting person's indirect ownership of Class B Common Stock by approximately 49,251 shares. This Form 4 reflects the correct number of shares.