Westphal Jeffrey 4

What Happened
Jeffrey Westphal (reported as a shareholder) made two open-market purchases of Vertex, Inc. (VERX) Class A common stock. On Feb 13, 2026 he acquired 247,740 shares at a weighted-average price of $13.0825 per share for a reported total of $3,241,059. On Feb 17, 2026 he acquired 150,000 shares at a weighted-average price of $12.5349 per share for a reported total of $1,880,235. Both transactions are marked as purchases (code P), representing an aggregate outlay of about $5.12 million. Purchases are generally viewed as a more informative insider signal than sales, but filings do not disclose the insider’s motivation.

Key Details

• Transaction dates and prices:
  • Feb 13, 2026 — 247,740 shares at weighted avg $13.0825 (prices ranged $12.73–$13.44; see F1) — $3,241,059 reported.
  • Feb 17, 2026 — 150,000 shares at weighted avg $12.5349 (prices ranged $12.35–$13.13; see F2) — $1,880,235 reported.
• Total purchased: 397,740 shares; total reported value ≈ $5.12M.
• Shares owned after transaction: not specified in the excerpt of this Form 4.
• Footnotes of note:
  • F1/F2: Each purchase was aggregated from multiple trades; reported prices are weighted averages and the filer will provide per-trade details on request.
  • F3: Describes conversion mechanics for Class B to Class A shares (one-for-one conversion, automatic on transfer or if Class B voting power drops below 10%).
  • Remarks: Westphal is party to a Third Amended and Restated Stockholders’ Agreement and may be deemed part of a Section 13(d) “group” with other signatories that collectively own >10%; he disclaims beneficial ownership of other signatories’ shares.
• Filing timeliness: Form 4 was filed Feb 18, 2026 covering trades on Feb 13 and Feb 17. The Feb 17 trade was reported promptly; the Feb 13 trade appears reported five days later, which may be outside the usual two-business-day filing window for Section 16 insiders.

Context: These were open-market purchases (code P). The filing provides weighted-average prices with per-trade ranges by footnote rather than listing each execution. No options, gifts, or tax-withholding events are reported here. As always, purchases disclose activity but do not explain intent; retail investors should combine this data with other research before drawing conclusions.