David DeStefano - Feb 21, 2025 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 21, 2025
Transactions value $
-$3,719,918
Form type
4
Date filed
2/25/2025, 04:19 PM
Previous filing
Feb 24, 2025
Next filing
Feb 26, 2025
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 +69.5K +10.91% $0.00 707K Feb 21, 2025 Direct
transaction VERX Class A Common Stock Tax liability -$1.43M -32.3K -4.57% $44.21 674K Feb 21, 2025 Direct
transaction VERX Class A Common Stock Options Exercise $0 +101K +15.03% $0.00 776K Feb 21, 2025 Direct
transaction VERX Class A Common Stock Tax liability -$2.29M -51.9K -6.68% $44.21 724K Feb 21, 2025 Direct
holding VERX Class A Common Stock 204K Feb 21, 2025 By Family Trusts F1

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 -69.5K -25% $0.00 209K Feb 21, 2025 Class A Common Stock 69.5K Direct F2, F3
transaction VERX Restricted Stock Units Options Exercise $0 -101K -33.33% $0.00 203K Feb 21, 2025 Class A Common Stock 101K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities held by individual trusts for the benefit of the Reporting Person's three adult children. The Reporting Person's spouse serves as a trustee of each such trust.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F3 The remaining restricted stock units will vest in three equal annual installments on each of February 22, 2026, February 22, 2027 and February 22, 2028 and have no expiration date.
F4 The remaining restricted stock units will vest in two equal annual installments on each of February 23, 2026 and February 23, 2027 and have no expiration date.