2020 IRREVOCABLE TRUST FOR BENEFIT OF CONSTANCE A. THOMPSON 4
4 · Vertex, Inc. · Filed May 22, 2025
Insider Transaction Report
Form 4
Vertex, Inc.VERX
Transactions
- Conversion
Class A Common Stock
2025-05-20+22,500→ 22,500 total - Conversion
Class B Common Stock
2025-05-20−22,500→ 90,080.918 total→ Class A Common Stock (22,500 underlying)
Footnotes (2)
- [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.
- [F2]The Form 3 originally filed by the reporting person understated the reporting person's ownership of Class B Common Stock by approximately 7,317.758 shares. This Form 4 reflects the correct number of shares.