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Vertex, Inc. — Director's Dealing 2022
Oct 26, 2022
31181_dirs_2022-10-26_5c621b0f-346f-4ab1-a702-b0a26c33f327.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Vertex, Inc. (VERX)
CIK: 0001806837
Period of Report: 2022-10-26
Reporting Person: Westphal Jeffery (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-10-26 | Class A Common Stock | X | 750000 | $7.85 | Disposed | 10550000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-10-26 | Call Option (Obligation to Sell) | $7.85 | X | 750000 | Disposed | 2022-10-27 | Class A Common Stock (750000) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 1345950 | Indirect |
| Class A Common Stock | 7895 | Direct |
Footnotes
F1: In connection with the privately negotiated sale of shares of Class A Common Stock reported in the Form 4 filed on August 2, 2022, the Reporting Person granted the buyer an option to purchase up to 750,000 additional shares of Class A Common Stock at a price of $7.85 per share. The buyer exercised this option and the shares were paid for and delivered on October 26, 2022.
F2: Represents shares held by The 2009 Jeffrey R. Westphal Generation-Skipping Sub-Trust for Jenifer R. Westphal (the "Sub-Trust"), of which the Reporting Person's spouse is trustee.