2020 IRREVOCABLE TRUST FOR BENEFIT OF CONSTANCE A. THOMPSON 3
3 · Vertex, Inc. · Filed Jul 29, 2020
Insider Transaction Report
Form 3
Vertex, Inc.VERX
Holdings
Class B Common Stock
→ Class A Common Stock (105,263.16 underlying)
Footnotes (1)
- [F1]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 upon either (1) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions or (2) the voting power of the Issuer's outstanding Class B Common Stock representing less than 10% of the combined voing power of all of the Issuer's outstanding common stock.