---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-101040"
form_type: "8-K"
ticker: "VERX"
cik: "0001806837"
company_name: "Vertex, Inc."
filed_at: "2025-10-21T23:59:59+00:00"
generated_at: "2026-05-17T03:03:57.262919+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vertex announces CEO succession: Christopher Young to replace David DeStefano; Q3 2025 preliminary revenue ~$192M

## Summary
- David DeStefano retires as CEO/President effective Nov 10, 2025; will continue as non-executive Chairperson.
- Christopher Young, former Microsoft EVP and McAfee CEO, appointed CEO/President and director effective Nov 10, 2025.
- Young receives $700K base salary, $25M RSU grant, $500K signing bonus; target bonus 100% of base for FY2026.
- Preliminary Q3 2025 revenue ~$192M (up ~12.7% YoY from $170.4M); Adj. EBITDA ~$43M (up ~11.4% from $38.6M).
- Vertex surpassed $600M annual recurring revenue in 2024; cites strong foundation and growth runway.

## SEC filing metadata
- accession: 0001104659-25-101040
- form_type: 8-K
- ticker: VERX
- cik: 0001806837
- company_name: Vertex, Inc.
- filed_at: 2025-10-21T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806837/000110465925101040/0001104659-25-101040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806837/000110465925101040/tm2529072d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-101040
- JSON: https://secwatch.observer/filing/0001104659-25-101040.json
- Plain text: https://secwatch.observer/filing/0001104659-25-101040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.