Saunders Philip Seth 4

What Happened
Philip Saunders, a director of Vertex, Inc. (VERX), was granted 15,638 restricted shares on 2026-06-10. The shares were reported as an award/acquisition (code A) at $0.00 per share (total reported cash consideration $0), i.e., a restricted stock grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-10; Form 4 filed 2026-06-12 (timely within the typical two-business-day requirement).
• Type/code: Award/Grant (A). Price: $0.00 per share; quantity: 15,638 shares.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The award vests on the earlier of (i) the day before the next annual meeting of stockholders, or (ii) June 10, 2027 (per footnote F1).
• No 10b5-1 plan, tax-withholding, or cashless-exercise details were disclosed.

Context
Restricted stock awards to directors are common as part of compensation and are not the same as buying shares on the open market; vesting conditions determine when the shares become transferable. This filing is informational; it does not by itself indicate the director’s market sentiment.