Form 4 for VERX Vertex, Inc.

Accepted 2024-10-07 00:00:00 ET · period of report 2024-10-03 · accession 0001104659-24-106765 · 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	2024-10-07	2024-10-03	VERX	Westphal Jeffrey	10%	S - Sale	$39.42	-1.23M	0	-100%	-$48.29M
DI	2024-10-07	2024-10-03	VERX	Westphal Jeffrey	10%	C - Cnv Deriv	$0.00	+170.4K	1.23M	+16%	$0
DI	2024-10-07	2024-10-03	VERX	Westphal Jeffrey	10%	C - Cnv Deriv	$0.00	-170.4K	6.58M	-3%	$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	2024-10-03	S	D	1,225,000	$39.42	0	I By The 2009 Jeffrey R. Westphal Generation Skipping Trust	—	—
2	Common	Class A Common Stock	2024-10-03	C	A	170,359	$0.00	1,225,000	I By The 2009 Jeffrey R. Westphal Generation Skipping Trust	—	—	(F1) The conversion reflected here was finalized on October 4, 2024.
3	Derivative	Class B Common Stock	2024-10-03	C	D	170,359	$0.00	6,578,927.24	I By The 2009 Jeffrey R. Westphal Generation Skipping Trust	— · — to —	170,359 Class A Common Stock	(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.