Jeffrey Westphal - 03 Oct 2024 Form 4 Insider Report for Vertex, Inc. (VERX)

Role: 10%+ Owner
Signature: /s/ Anton Pamer, Attorney-in-Fact
Issuer symbol: VERX
Transactions as of: 03 Oct 2024
Transactions value $: -$48,289,500
Form type: 4
Filing time: 07 Oct 2024, 18:33:34 UTC
Previous filing: 24 Jul 2024
Next filing: 13 Nov 2024
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	Conversion of derivative security	$0	+170,359	+16%	$0	1,225,000	03 Oct 2024	By The 2009 Jeffrey R. Westphal Generation Skipping Trust	F1
transaction	VERX	Class A Common Stock	Sale	-$48,289,500	-1,225,000	-100%	$39.42	0	03 Oct 2024	By The 2009 Jeffrey R. Westphal Generation Skipping Trust
holding	VERX	Class A Common Stock						7,895	03 Oct 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	Ownership	Footnotes
transaction	VERX	Class B Common Stock	Conversion of derivative security	$0	-170,359	-2.5%	$0	6,578,927	03 Oct 2024	Class A Common Stock	170,359	By The 2009 Jeffrey R. Westphal Generation Skipping Trust	F1, F2
holding	VERX	Class B Common Stock						838,000	03 Oct 2024	Class A Common Stock	838,000	Direct	F2
holding	VERX	Class B Common Stock						1,153,756	03 Oct 2024	Class A Common Stock	1,153,756	By Rainer J. Westphal 2007 Separate Exempt Trust FBO Jeffrey Westphal	F2
holding	VERX	Class B Common Stock						332,244	03 Oct 2024	Class A Common Stock	332,244	By Rainer J. Westphal 2007 Separate Exempt Trust FBO Jeffrey Westphal	F2

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

Explanation of Responses:

Id	Content
F1	The conversion reflected here was finalized on October 4, 2024.
F2	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 either (1) upon any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions or (2) if the voting power of the Issuer's outstanding Class B Common Stock represents less than 10% of the combined voting power of all of the Issuer's outstanding common stock.

Content

The conversion reflected here was finalized on October 4, 2024.

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 either (1) upon any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions or (2) if the voting power of the Issuer's outstanding Class B Common Stock represents less than 10% of the combined voting power of all of the Issuer's outstanding common stock.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney