Form 4 for VERX Vertex, Inc.

Accepted 2023-08-03 00:00:00 ET · period of report 2023-08-02 · accession 0001104659-23-087392 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
DI	2023-08-03	2023-08-02	VERX	Westphal Jeffery	10%	C - Cnv Deriv	$0.00	+879.0K	2.18M	+68%	$0
DI	2023-08-03	2023-08-02	VERX	Westphal Jeffery	10%	C - Cnv Deriv	$0.00	-879.0K	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2023-08-02	C	A	879,000	$0.00	2,180,202	I See Footnote	—	—	(F1) Represents shares held by The 2009 Jeffrey R. Westphal Generation-Skipping Sub-Trust for Jenifer R. Westphal, of which the Reporting Person's spouse is trustee.
2	Derivative	Class B Common Stock	2023-08-02	C	D	879,000	$0.00	0	I See Footnote	— · — to —	879,000 Class A Common Stock	(F1) Represents shares held by The 2009 Jeffrey R. Westphal Generation-Skipping Sub-Trust for Jenifer R. Westphal, of which the Reporting Person's spouse is trustee. (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.