DeStefano David 4

What Happened

• David DeStefano, a director of Vertex, Inc. (VERX), was granted an award of 15,638 restricted shares on June 10, 2026. The shares were issued at $0.00 (code A — award/grant), meaning this was a compensation grant rather than a market purchase or sale. No cash was paid for the shares at grant.

Key Details

• Transaction date and price: June 10, 2026; 15,638 shares; $0.00 per share (award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The award vests on the earlier of (i) the day immediately prior to the date of the next annual meeting of the Company's stockholders, and (ii) June 10, 2027.
• Filing timeliness: Form 4 was filed June 12, 2026 (timely under the 2-business-day rule).

Context

• This was a restricted stock award (compensation/retention), not an open-market purchase or sale. Restricted shares typically cannot be sold until they vest and may be forfeited if vesting conditions are not met, so they don't directly signal immediate buying or selling conviction.
• For retail investors, purchases by insiders are often seen as a stronger signal than routine grants; this item is primarily part of director compensation.