DeStefano David 4

What Happened

• David DeStefano, a director of Vertex, Inc. (VERX), sold 6,460 shares on May 28, 2026. The shares were disposed at $12.75 per share, producing gross proceeds of $82,365. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: 2026-05-28
• Price per share: $12.75
• Shares sold: 6,460; Total proceeds: $82,365
• Filing date: 2026-06-01 — filed within the typical two-business-day window after the transaction
• Shares owned after the transaction: not specified in the provided filing details
• Footnote F1: Some securities are held by individual trusts for the benefit of the reporting person’s three adult children; the reporting person’s spouse is trustee of those trusts

Context

• Sales by directors are often routine and can reflect personal liquidity needs or portfolio rebalancing; they do not by themselves indicate company performance or insider sentiment. The filing shows a straightforward sale and does not indicate an options exercise, gift, or a 10b5-1 plan. The footnote clarifies that certain reported holdings are held in trusts for family members, which affects how beneficial ownership is reported.