Vertex, Inc. — Director's Dealing 2022

Aug 5, 2022

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Vertex, Inc. (VERX)
CIK: 0001806837
Period of Report: 2022-07-27

Reporting Person: Tensile Capital Management LP (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A common stock	5220258	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$7.85	2022-10-25	Class A common stock (750000)		Indirect

Footnotes

F1: The shares and stock option are held directly by Tensile Capital Partners Master Fund LP. The reporting persons ("Reporting Persons") are Douglas J. Dossey, Arthur C. Young, Tensile Capital Management LP, Tensile Capital Management GP LLC, Tensile Capital GP LLC and Tensile Capital Partners Master Fund LP.

F2: The general partner and investment adviser of Tensile Capital Partners Master Fund LP are Tensile Capital GP LLC and Tensile Capital Management LP, respectively. The general partner of Tensile Capital Management LP is Tensile Capital Management GP LLC.

F3: Douglas J. Dossey and Arthur C. Young are the controlling principals of Tensile Capital Management LP, Tensile Capital Management GP LLC, and Tensile Capital GP LLC. Each of the Reporting Persons may be deemed to share beneficial ownership of the Securities with Tensile Capital Partners Master Fund LP. Each of the Reporting Persons disclaim beneficial ownership of the Securities, except to the extent of such person's pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the Securities for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.

F4: Stock option is immediately exercisable until expiration date.