Vertex, Inc.|4Feb 24, 4:25 PM ET

Rowland Bryan T.R. 4

4 · Vertex, Inc. · Filed Feb 24, 2026

AI-generated summary of this filing

Updated Feb 24, 2026

Vertex (VERX) General Counsel Rowland Exercises Stock and Sells Shares

What Happened

Rowland Bryan T.R., General Counsel of Vertex, converted restricted stock units (RSUs) into 7,108 shares on February 20, 2026. The conversions are recorded as derivative exercises (code M) at $0.00 per share (RSUs convert to shares without an exercise price).
To satisfy tax withholding (code F), 1,259 and 976 shares were withheld (total 2,235 shares) at a reported value of $12.74 per share, totaling $28,474. After withholding, Rowland received a net of 4,873 shares.

Key Details

Transaction date: February 20, 2026.
Conversions/exercises: 4,133 and 2,975 RSUs converted to shares (total 7,108) at $0.00 (codes M).
Tax withholding: 1,259 shares ($16,040) and 976 shares ($12,434) withheld (total value $28,474) at $12.74/share (code F).
Shares owned after transaction: Not reported on this Form 4.
Footnotes:
- F1: Each RSU represents a contingent right to one share of Class A common stock.
- F2/F3: Remaining RSUs vest in scheduled installments in 2027–2029 and have no expiration.
Filing timeliness: Report filed Feb 24, 2026 for Feb 20 transactions — within the standard two-business-day window.

Context

This was a routine RSU vesting and share issuance with "sell-to-cover" style withholding to pay taxes, not an open-market sale or a purchase. Such withholding is a common administrative step and does not, by itself, indicate a change in insider sentiment.

Form 4

Period: 2026-02-20

GENERAL COUNSEL

Transactions

Exercise/Conversion
Class A Common Stock
2026-02-20+4,133→ 7,472 total
Tax Payment
Class A Common Stock
2026-02-20$12.74/sh−1,259$16,040→ 6,213 total
Exercise/Conversion
Class A Common Stock
2026-02-20+2,975→ 9,188 total
Tax Payment
Class A Common Stock
2026-02-20$12.74/sh−976$12,434→ 8,212 total
Exercise/Conversion
Restricted Stock Units
[F1][F2]
2026-02-20−4,133→ 8,266 total
→ Class A Common Stock (4,133 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-02-20−2,975→ 8,926 total
→ Class A Common Stock (2,975 underlying)

Footnotes (3)

[F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
[F2]The remaining restricted stock units will vest in two equal installments on February 22, 2027 and February 22, 2028 and have no expiration date.
[F3]The remaining restricted stock units will vest in three equal installments on February 20, 2027, February 20, 2028 and February 20, 2029 and have no expiration date.

Signature

/s/ Lisa Coleman, Attorney-in-Fact|2026-02-24

1 file