Form 4 for VERX Vertex, Inc.
Accepted 2021-11-12 00:00:00 ET · period of report 2021-03-01 · accession 0001415889-21-005166 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-11-12 | 2021-03-10 | VERX | DeStefano David | Pres, CEO, Dir | M - OptEx | $0.15 | +55.0K | 560.6K | +11% | +$8,250 |
| D | 2021-11-12 | 2021-03-10 | VERX | DeStefano David | Pres, CEO, Dir | M - OptEx | $0.00 | -55.0K | 350.9K | -14% | $0 |
| DM | 2021-11-12 | 2021-03-01 | VERX | DeStefano David | Pres, CEO, Dir | A - Grant | $0.00 | +247.1K | 114.3K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-03-10 | M | A | 55,000 | $0.15 | 560,580 | D | — | — | (F1) Includes 53 shares of restricted stock that were inadvertently omitted from filer's Form 3. The amount reported in column 5 reflects the number of shares of Class A Common Stock beneficially owned as of the date hereof. |
| 2 | Derivative | Stock Option | 2021-03-10 | M | D | 55,000 | $0.00 | 350,893 | D | $0.15 · — to — | 55,000 Class A Common Stock | (F2) Fully vested and exercisable and has no expiration date. |
| 3 | Derivative | Stock Option | 2021-03-01 | A | A | 132,799 | $0.00 | 132,799 | D | $32.16 · — to 2031-03-01 | 132,799 Class A Common Stock | (F3) This option will vest and become exercisable with respect to 25% of the shares on each of March 1, 2022, March 1, 2023, March 1, 2024 and March 1, 2025. |
| 4 | Derivative | Restricted Stock Units | 2021-03-01 | A | A | 114,272 | $0.00 | 114,272 | D | — · — to — | 114,272 Class A Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F5) Represents an award of restricted stock units that will vest as to 50% of the shares on March 1, 2023, and 25% of the shares on each of March 1, 2024 and March 1, 2025. |