Vertex (VERX) director Philip Saunders receives 15,638 restricted shares in equity grant

Rhea-AI Filing Summary

Saunders Philip Seth reported acquisition or exercise transactions in this Form 4 filing.

Vertex, Inc. director Philip Seth Saunders received an equity grant of 15,638 shares of Class A Common Stock as restricted stock, at no cash purchase price. The award will vest on the earlier of the day immediately prior to the next annual meeting of stockholders or June 10, 2027. Following this grant, Saunders directly holds 50,606 shares of Class A Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Saunders Philip Seth

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	15,638	$0.00	--

Holdings After Transaction: Class A Common Stock — 50,606 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 15,638 shares Post-transaction holdings: 50,606 shares Grant price: $0.0000 per share +1 more

4 metrics

Restricted stock grant 15,638 shares Class A Common Stock award on June 10, 2026

Post-transaction holdings 50,606 shares Class A Common Stock held directly after grant

Grant price $0.0000 per share Restricted stock awarded with no cash purchase price

Latest vesting date June 10, 2027 Vests earlier of pre-next annual meeting or this date

Key Terms

restricted stock, annual meeting, Class A Common Stock, Grant, award, or other acquisition

4 terms

restricted stock financial

"Represents an award of restricted stock that will vest on the earlier to occur"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

annual meeting financial

"the day immediately prior to the date of the next annual meeting of the Company's stockholders"

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

Class A Common Stock financial

"security_title: "Class A Common Stock""

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saunders Philip Seth

(Last) (First) (Middle)

C/O VERTEX, INC.

2301 RENAISSANCE BLVD.

(Street)

KING OF PRUSSIA PENNSYLVANIA 19406

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Vertex, Inc. [ VERX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/10/2026		A		15,638(1)	A	$0	50,606	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an award of restricted stock that will vest on the earlier to occur of (i) the day immediately prior to the date of the next annual meeting of the Company's stockholders, and (ii) June 10, 2027.

	/s/ Lisa Coleman, Attorney-in-Fact	06/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Vertex (VERX) report for Philip Seth Saunders?

Vertex reported that director Philip Seth Saunders received an equity grant of 15,638 shares of Class A Common Stock as restricted stock, with no cash purchase price, increasing his direct holdings to 50,606 shares after the award.

How many Vertex (VERX) shares did Philip Seth Saunders receive in this Form 4?

Philip Seth Saunders received 15,638 shares of Vertex Class A Common Stock as a restricted stock award. This grant is part of his director compensation and brought his total direct holdings to 50,606 shares after the transaction.

When do Philip Seth Saunders’ new Vertex (VERX) restricted shares vest?

The restricted stock granted to Philip Seth Saunders vests on the earlier of the day immediately prior to Vertex’s next annual stockholders meeting or June 10, 2027, aligning the award’s vesting with the company’s director service period.

What is Philip Seth Saunders’ total Vertex (VERX) shareholding after this grant?

After the restricted stock grant, Philip Seth Saunders directly holds 50,606 shares of Vertex Class A Common Stock. This figure reflects his position following the 15,638-share award reported in the Form 4 insider transaction filing.

Did Philip Seth Saunders pay a purchase price for his new Vertex (VERX) shares?

No cash purchase price was paid for these shares. The 15,638 shares were granted to Philip Seth Saunders as a restricted stock award, recorded at a transaction price of $0.0000 per share as part of his director compensation.