Vertex, Inc. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Market Information for Common Stock Our Class A common stock has been listed on the NASDAQ exchange, under the symbol “VERX” since July 28, 2020. Prior to that date, there was no public trading market for our common stock. Our Class B common stock is not listed on any stock exchange nor traded on any public market. Holders As of December 31, 2021, we had 2 holders of record of our Class A common stock. Because many of our shares of Class A common stock are held by brokers and other institutions on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders. As of December 31, 2021, there were 28 stockholders of record of our Class B common stock. Dividend Policy We currently intend to retain all available funds and any future earnings for use in the operation of our business and do not anticipate paying any dividends on our common stock in the foreseeable future. Any future determination to declare dividends will be made at the discretion of our board of directors and will depend on our financial condition, results of operations, capital requirements, general business conditions, and other factors that our board of directors may deem relevant. 24 Table of Contents Stock Performance Graph The graph below (1) compares the cumulative total return on our Class A common stock with that of the S&P 500 Index (2) and the NASDAQ U.S. Benchmark Software TR Index (3) . The period shown commences on July 28, 2020, and ends on December 31, 2021, the end of our most recent fiscal year. The graph assumes an investment of $100 in each of the aforementioned on the close of market on July 28, 2020. The stock price performance graph is not necessarily indicative of future price performance. 1 Prepared by Zacks Investment Research, Inc. Used with permission. All rights reserved. Copyright 1980-2022. 2 S&P 500 Index Data: Copyright Standard and Poor’s, Inc. Used with permission. All rights reserved. 3 NASDAQ Index Data: Copyright NASDAQ OMX, Inc. Used with permission. All rights reserved. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Base Date ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company / Index 7/28/2020 9/30/2020 ​ 12/31/2020 ​ 3/31/2021 ​ 6/30/2021 ​ 9/30/2021 12/31/2021 Vertex, Inc. ​ $ 100.00 ​ $ 96.11 ​ $ 145.63 ​ $ 91.85 ​ $ 91.68 ​ $ 80.32 ​ $ 66.32 S&P 500 ​ $ 100.00 ​ $ 103.54 ​ $ 116.12 ​ $ 123.29 ​ $ 133.83 ​ $ 134.61 ​ $ 149.46 NASDAQ U.S. Benchmark Software TR ​ $ 100.00 ​ $ 105.29 ​ $ 114.08 ​ $ 115.33 ​ $ 132.90 ​ $ 136.71 ​ $ 149.28 ​ Recent Sales of Unregistered Securities None. Purchases of Equity Securities by the Issuer and Affiliated Purchasers None. ​ Item 6. [Reserved] ​ ​ 25 Table of Contents