David DeStefano - 01 Mar 2023 Form 4 Insider Report for Vertex, Inc. (VERX)

Role
PRESIDENT & CEO, Director
Signature
/s/ Lisa Coleman, Attorney-in-Fact
Issuer symbol
VERX
Transactions as of
01 Mar 2023
Transactions value $
-$456,550
Form type
4
Filing time
03 Mar 2023, 15:30:30 UTC
Previous filing
27 Feb 2023
Next filing
20 Jun 2023
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 Options Exercise $0 +57.1K +17.26% $0.00 388K 01 Mar 2023 Direct
transaction VERX Class A Common Stock Tax liability -$457K -29.3K -7.54% $15.60 359K 01 Mar 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 Restricted Stock Units Options Exercise $0 -57.1K -50% $0.00 57.1K 01 Mar 2023 Class A Common Stock 57.1K Direct F1, F2
* 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 two equal annual installments on each of March 1, 2024 and March 1, 2025 and have no expiration date.