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Filing Details

Accession Number:: 0000950170-23-063141
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-11-13 17:30:14
Reporting Period:: 2023-11-09

Accepted Time:: 2023-11-13 17:30:14
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1806837	Vertex Inc.	VERX	()	DE

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1598843	Tensile Capital Management Lp	700 Larkspur Landing Circle, Suite 255 Larkspur CA 94939		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2023-11-09	200,000	$26.27	5,456,717	No	4	S	Indirect	By Tensile Capital Partners Master Fund LP
Class A Common Stock	Disposition	2023-11-09	53,484	$27.29	5,403,233	No	4	S	Indirect	By Tensile Capital Partners Master Fund LP
Class A Common Stock	Disposition	2023-11-10	6,934	$27.37	5,396,299	No	4	S	Indirect	By Tensile Capital Partners Master Fund LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Tensile Capital Partners Master Fund LP
No	4	S	Indirect	By Tensile Capital Partners Master Fund LP
No	4	S	Indirect	By Tensile Capital Partners Master Fund LP

Footnotes

This transaction was executed in multiple trades at prices ranging from $26.07 to $26.90; the price reported above reflects the weighted average sale price. The Reporting Persons (as defined below) undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.
The shares are held directly by Tensile Capital Partners Master Fund LP. The reporting persons ("Reporting Persons") are Douglas J. Dossey, Arthur C. Young, Tensile Capital Management LP, Tensile Capital Management GP LLC, Tensile Capital GP LLC and Tensile Capital Partners Master Fund LP.
The general partner and investment adviser of Tensile Capital Partners Master Fund LP are Tensile Capital GP LLC and Tensile Capital Management LP, respectively. The general partner of Tensile Capital Management LP is Tensile Capital Management GP LLC.
Douglas J. Dossey and Arthur C. Young are the controlling principals of Tensile Capital Management LP, Tensile Capital Management GP LLC, and Tensile Capital GP LLC. Each of the Reporting Persons may be deemed to share beneficial ownership of the shares with Tensile Capital Partners Master Fund LP. Each of the Reporting Persons disclaim beneficial ownership of the shares, except to the extent of such person's pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.
This transaction was executed in multiple trades at prices ranging from $27.33 to $28.10; the price reported above reflects the weighted average sale price. The Reporting Persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.