David DeStefano - Feb 24, 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 24, 2025
Transactions value $
-$2,438,298
Form type
4
Date filed
2/26/2025, 04:21 PM
Previous filing
Feb 25, 2025
Next filing
Mar 4, 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 +109K +15.09% $0.00 833K Feb 24, 2025 Direct
transaction VERX Class A Common Stock Tax liability -$2.44M -55.9K -6.71% $43.64 777K Feb 24, 2025 Direct
holding VERX Class A Common Stock 204K Feb 24, 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 -109K -50% $0.00 109K Feb 24, 2025 Class A Common Stock 109K Direct F2, F3
* 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 on February 24, 2026 and have no expiration date.