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|4Feb 23, 4:47 PM ET

ANDERSEN ERIC C. 4

Research Summary

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Vertex (VERX) Director Eric C. Andersen Buys 40,000 Shares

What Happened
Eric C. Andersen, a director of Vertex, Inc., reported an open-market purchase of 40,000 shares on 2026-02-20. The filing shows a weighted average price of $12.91 per share for a total purchase value of $516,400. This was a purchase (buy), which investors often view as a more informative signal than routine sell transactions, though it is not proof of future performance.

Key Details

  • Transaction type: Open market purchase (Code P).
  • Transaction date: 2026-02-20; Form 4 filed 2026-02-23 (timely — within the SEC two-business-day filing window).
  • Price: Weighted average $12.91 per share; individual trades ranged from $12.87 to $12.96 (footnote states multiple transactions; full breakdown available on request).
  • Total value: $516,400.
  • Shares owned after transaction: Not specified in the information provided in this summary/filing excerpt.
  • Footnote: Reporting person will provide details on the number of shares purchased at each separate price within the reported range upon request.

Context
Director purchases can signal confidence but are only one data point; do not infer motivations. This filing reports a straightforward open-market buy (no option exercise, award, gift, or tax-related withholding noted).