Welcome to our dedicated page for Vertex SEC filings (Ticker: VERX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Vertex, Inc. filings document a Delaware operating company whose Class A common stock trades on Nasdaq under VERX. The company’s Form 8-K reports furnish quarterly and annual operating results for its enterprise tax and compliance technology business, including updates tied to indirect tax solutions, e-invoicing, cloud offerings, and capital allocation.
Regulatory filings also cover governance and executive compensation through definitive proxy materials, material credit agreement amendments, stock repurchase authorization, leadership and board matters, and exit or disposal activity under the company’s Value Creation Plan. These disclosures describe the company’s capital structure, voting matters, and corporate actions for its public-company reporting record.
Vertex, Inc. disclosed that the ITEM SECOND IRR. TRUST FBO KYLE R. WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001, a 10% owner, made an open-market purchase of 10,000 shares of Class A Common Stock at a weighted average price of $15.0477 per share. After this transaction, the trust directly owns 1,221,100 shares of Vertex Class A Common Stock. The price reflects multiple trades between $15.02 and $15.06.
Vertex, Inc. director David DeStefano exercised 109,233 restricted stock units, converting them into the same number of shares of Class A Common Stock. Each restricted stock unit represents a right to receive one share, and this award is fully vested.
To cover tax obligations, 51,983 Class A shares were disposed of at $13.26 per share through a tax-withholding transaction, leaving DeStefano with 1,255,517 Class A shares held directly. In addition, 204,032 Class A shares are held indirectly by family trusts for his three adult children, where his spouse serves as trustee.
Vertex, Inc. reported an insider share purchase by President and CEO Christopher David Young. On February 23, 2026, a living trust associated with him bought 60,000 shares of Class A Common Stock in an open-market transaction at a weighted average price of $12.1799 per share.
The filing notes that individual trades occurred in a price range from $11.9832 to $12.2862. After this transaction, the trust’s indirect ownership stands at 60,000 Class A shares, all held through the living trust rather than directly by the executive.
Vertex, Inc. director David DeStefano exercised restricted stock units into Class A Common Stock and had shares withheld to cover taxes. He converted 101,395 restricted stock units, each for one Class A share, and received 101,395 shares at a price of $0.00 per share.
To satisfy tax obligations, 47,112 Class A shares were disposed of at $12.03 per share through a tax-withholding transaction, leaving him with 1,198,267 Class A shares held directly. He also has 101,396 restricted stock units remaining, scheduled to vest on February 23, 2027, and 204,032 Class A shares held indirectly by family trusts for his adult children, where his spouse serves as trustee.
Vertex, Inc.’s General Counsel, Rowland Bryan T.R., reported equity award activity involving restricted stock units and Class A common stock. On February 23, 2026, 6,428 restricted stock units were exercised into 6,428 shares of Class A common stock at a stated price of $0.00 per share. To cover tax obligations, 1,768 shares of Class A common stock were disposed of in a tax-withholding transaction at $12.03 per share, leaving the reporting person with 12,872 Class A shares held directly. The footnotes state that the remaining restricted stock units will vest on February 23, 2027 and have no expiration date, providing a schedule for future equity delivery.
Vertex, Inc. chief financial officer John R. Schwab exercised restricted stock units into 30,305 shares of Class A Common Stock on February 23, 2026. To cover tax obligations, 16,411 shares were disposed of at $12.03 per share through a tax-withholding transaction. After these transactions, Schwab directly owned 132,271 shares of Class A Common Stock. Each restricted stock unit represents one share, and the remaining units from this award are scheduled to vest on February 23, 2027.
Vertex, Inc. files its annual report describing a global business focused on enterprise software that automates indirect tax and e‑invoicing compliance. The company serves 4,867 direct customers, including many large multinationals, and reports Annual Recurring Revenue per customer of $137,867 as of December 31, 2025.
About 10% of 2025 revenue came from outside the U.S., up from 8% in 2024, and no customer accounted for more than 10% of revenue. Vertex highlights expanding AI‑driven products, such as Vertex AI and Smart Categorization, growing e‑invoicing coverage in 38 countries, and a large partner ecosystem with major ERP and eCommerce platforms.
The report also notes significant risk factors, including intense competition, rapid regulatory and technology change, cybersecurity threats, dependence on third‑party integrations and data centers, and the need to recruit and retain specialized tax and technical talent. As of February 19, 2026, Vertex had 77,801,253 Class A and 82,155,641 Class B shares outstanding and a non‑affiliate equity market value of approximately $2.55 billion as of June 30, 2025.
Vertex, Inc. director David DeStefano reported multiple equity transactions on February 20, 2026 tied to restricted stock unit (RSU) vesting. He exercised RSUs that converted into shares of Class A Common Stock, and then delivered a portion of those shares to cover tax obligations.
Two RSU awards were exercised at a price of $0.00 per unit, each RSU representing one share of Class A Common Stock. To satisfy tax liabilities, DeStefano disposed of 23,705 shares and 12,523 shares of Class A Common Stock at $12.74 per share through tax-withholding transactions, rather than open‑market sales.
After these transactions, he directly held 1,143,984 shares of Class A Common Stock and additional RSUs that will vest in equal annual installments on February 22, 2027 and 2028 and on February 20, 2027, 2028 and 2029. He also indirectly held 204,032 shares of Class A Common Stock through family trusts, where his spouse serves as trustee.
Vertex, Inc. Chief Financial Officer John R. Schwab reported several equity award transactions on February 20, 2026. He acquired Class A common stock through the exercise and conversion of restricted stock units in blocks of 23,888 and 15,878 shares. He also disposed of 12,936 and 8,598 Class A shares at $12.74 per share to cover tax obligations tied to these awards. Footnotes state that remaining restricted stock units will vest in equal annual installments from February 2027 through February 2029.
Vertex, Inc. general counsel Rowland Bryan T.R. reported multiple equity award transactions involving restricted stock units and Class A common stock. On February 20, 2026, he exercised restricted stock units covering 4,133 and 2,975 units, receiving the same number of Class A shares at no cash exercise price.
On the same date, a total of 1,259 and 976 Class A shares were disposed of to cover tax withholding obligations at a price of $12.74 per share, leaving 8,212 Class A shares held directly. Footnotes state that the remaining restricted stock units will vest in scheduled annual installments through February 2029.