Vertex Selling Stockholder Offloads Stock At 10% Discount

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  • Global provider of tax technology solutions Vertex, Inc VERX priced 1.5 million shares by Jeffrey R. Westphal at $15.15 per share via a secondary public offering
  • The offering will likely close on November 22, 2022. 
  • Also Read: Vertex Announces Third Quarter 2022 Financial Results
  • The estimated offering proceeds are $22.73 million.
  • Vertex will not receive any of the proceeds from the sale of shares in the offering. 
  • Goldman Sachs & Co. LLC is serving as the sole underwriter for the offering.
  • Price Action: VERX shares traded lower by 11.6% at $14.94 in premarket on the last check Friday.
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