Form 4 for VERX Vertex, Inc.
Accepted 2023-02-27 00:00:00 ET · period of report 2023-02-23 · accession 0001415889-23-003388 · 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 | 2023-02-27 | 2023-02-24 | VERX | DeStefano David | Pres, CEO, Dir | F - Tax | $15.44 | -45.9K | 331.0K | -12% | -$708.2K |
| D | 2023-02-27 | 2023-02-24 | VERX | DeStefano David | Pres, CEO, Dir | M - OptEx | $0.00 | +109.2K | 376.9K | +41% | $0 |
| D | 2023-02-27 | 2023-02-24 | VERX | DeStefano David | Pres, CEO, Dir | M - OptEx | $0.00 | -109.2K | 327.7K | -25% | $0 |
| D | 2023-02-27 | 2023-02-23 | VERX | DeStefano David | Pres, CEO, Dir | A - Grant | $0.00 | +405.6K | 405.6K | 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 | 2023-02-24 | F | D | 45,871 | $15.44 | 331,021 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-02-24 | M | A | 109,232 | $0.00 | 376,892 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2023-02-24 | M | D | 109,232 | $0.00 | 327,698 | D | — · — to — | 109,232 Class A Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F2) The remaining restricted stock units will vest in three equal annual installments on each of February 24, 2024, February 24, 2025 and February 24, 2026 and have no expiration date. |
| 4 | Derivative | Restricted Stock Units | 2023-02-23 | A | A | 405,581 | $0.00 | 405,581 | D | — · — to — | 405,581 Class A Common Stock | (F1) Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. (F3) Represents an award of restricted stock units that will vest as to 25% of the amount of shares on each of February 23, 2024, February 23, 2025, February 23, 2026 and February 23, 2027. |