Vertex, Inc. — fact timeline

Vertex, Inc. shareholders approved Election of directors at the 2026-06-10 meeting.

“The following nominees were elected as directors, each to hold office until the 2029 Annual Meeting of Stockholders, or the earlier to occur of his or her death, disqualification, resignation, or removal or the appointment of his or her successor, by the vote set forth below: Nominee For Withheld Broker Non-Votes Eric Andersen 815,856,932.000 23,184,805.000 7,910,119.000 David DeStefano 835,946,632.000 3,095,105.000 7,910,119.000 Christopher Young 837,340,096.000 1,701,641.000 7,910,119.000”

Vertex, Inc. reported first quarter ended March 31, 2026 results: revenue $196.6 million, net income $(2.5) million, EPS $0.02.

“confident in the strength of our customer relationships, our market position, and the significant opportunity ahead.” ​ First Quarter 2026 Financial Results ● Total revenues of $196.6 million, up 11.1% year-over-year. ● Software subscription revenues of $167.1 million, up 10.9% year-over-year. ● Cloud revenues of $96.8 million, up 20.7% year-over-year. ● Annual”

Vertex, Inc. announced a restructuring with charges of approximately $6 million to $8 million (approximately 170 employees, representing approximately 9% of the Company’s global workforce).

“On April 28, 2026, the Vertex, Inc. (the “Company”) announced its Board of Directors (the “Board”) approved a global Value Creation Plan (the “Plan”) intended to become a more AI-enabled company, focus investments on key growth opportunities and drive operational efficiency to better align the Company’s workforce and resources with its long-term strategic priorities. The Plan includes a reduction in force of approximately 170 employees, representing approximately 9% of the Company’s global workforce as of April 27, 2026. In connection with the Plan, the Company estimates that it will incur aggregate pre-tax charges of approximately $6 million to $8 million, consisting primarily of cash expenditures related to employee severance, notice pay, statutory termination indemnities, and other employee separation benefits.”

Vertex, Inc. reported first quarter ended March 31, 2024 results: revenue Total revenues of $156.8 million, net income Net income of $2.7 million, EPS Net income per basic and diluted Class A and Class B shares of $0.02.

“recent successful convertible debt offering, give me confidence in our ability to continue to grow shareholder value.” ​ First Quarter 2024 Financial Results ● Total revenues of $156.8 million, up 18.1% year-over-year. ● Software subscription revenues of $131.8 million, up 18.8% year-over-year. ● Cloud revenues of $61.8 million, up 28.3% year-over-year. ● Annual”

Vertex, Inc. incurred convertible notes of $345 million aggregate principal amount with Morgan Stanley & Co. LLC at 0.750% per annum maturing May 1, 2029.

“for a period of 13 days from, and including, the date the base notes were issued. The Initial Purchasers elected to exercise the option in full. The issuance of the entire $345 million aggregate principal amount of notes was consummated on April 26, 2024 (the “Closing Date”). The net proceeds from the offering of the notes were approximately $333.7 million,”

Vertex, Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $345 million aggregate principal amount of notes (effective 2024-04-26).

“The notes were issued pursuant to, and are and will be governed by, an indenture, dated as of the Closing Date (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).”

Vertex, Inc. entered into Purchase Agreement with Morgan Stanley & Co. LLC as representative of the several initial purchasers valued at $300 million aggregate principal amount (effective 2024-04-23).

“On April 23, 2024, Vertex, Inc. (the “Company”) agreed to sell to the several initial purchasers (the “Initial Purchasers”) for whom Morgan Stanley & Co. LLC acted as representative (the “Representative”), and the Initial Purchasers agreed to purchase from the Company, $300 million aggregate principal amount of the Company’s 0.750% Convertible Senior Notes due 2029 (the “base notes”), pursuant to a purchase agreement (the “Purchase Agreement”) between the Company and the Representative.”

Vertex, Inc. reported the three months ended March 31, 2024 results: revenue between $155.5 million and $157.5 million, net income between $2.4 million and $3.1 million.

“with full details when we announce our full first quarter financial results in early May.” ​ Revenues for the three months ended March 31, 2024 are expected to be between $155.5 million and $157.5 million, compared to $132.8 million for the three months ended March 31, 2023, representing an increase of approximately 17% to 19%. ​ Annual Recurring Revenue at”

Vertex, Inc. amended Fourth Amendment to Credit Agreement with the guarantors party thereto, PNC Bank, National Association, as administrative agent, and the lenders party thereto (effective 2024-04-19).

“On April 19, 2024, Vertex, Inc. (the “Company”), the guarantors party thereto, PNC Bank, National Association, as administrative agent, and the lenders party thereto entered into the Fourth Amendment to Credit Agreement (the “Fourth Amendment”), which amended the Credit Agreement by and among the Company, the guarantors party thereto, PNC Bank, National Association, as administrative agent, and the lenders party thereto, dated as of March 31, 2020 (as previously amended, the “Credit Agreement”), providing for, among other things, amendment of the definition of “Approved Convertible Debt” in Section 1.1 of the Credit Agreement by deleting the phrase “Two Hundred Million Dollars ($200,000,000)” and inserting in lieu thereof the phrase “Three Hundred Million Dollars ($300,000,000).””

Vertex, Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue $154.9 million, net income $15.3 million, EPS $0.10.

“proud of the focused execution from all our 1,500 employees in serving our distinguished customers and partners.” ​ Fourth Quarter 2023 Financial Results ● Total revenues of $154.9 million, up 18.1% year-over-year. ● Software subscription revenues of $130.7 million, up 17.9% year-over-year. ● Cloud revenues of $60.6 million, up 29.9% year-over-year. ● Annual”

Lisa Butler retired as Principal Accounting Officer at Vertex, Inc..

“approved the appointment of Ryan Leib as Principal Accounting Officer effective upon Lisa Butler’s retirement on March 15, 2024.”

Ryan Leib was appointed as Principal Accounting Officer at Vertex, Inc..

“Mr. Leib will be appointed as the Company’s Chief Accounting Officer on March 15, 2024.”

Vertex, Inc. entered into Investment Agreement with Silver Lake Alpine II, L.P. valued at Aggregate purchase price of $491,250,000 for 500,000 shares of 11.75% Series A Convertible Preferred (effective 2023-12-12).

“On December 12, 2023, the Company and Silver Lake entered into an investment agreement (the "Investment Agreement") pursuant to which the Company has agreed to issue 500,000 shares of 11.75% Series A Convertible Preferred Stock (the "Convertible Preferred Stock") and warrants (the "warrants") to purchase 2,500,000 shares of the Company's Class A Common Stock, $0.001 par value per share (the "Class A Common Stock"), to Silver Lake for an aggregate purchase price of $491,250,000.”

Vertex, Inc. reported third quarter ended September 30, 2023 results: revenue Total revenues of $145.0 million, up 14.9% year-over-year., net income Net loss of $(3.4) million, compared to net loss of $(1.1) million for the same period prior year., EPS Net loss per basic and diluted Class A and Class B shares of $(0.02) for 2023, compared to net loss of $(0.01) for the s.

“businesses facing increased tax complexity, and we believe this will continue to create a strong demand environment.” ​ Third Quarter 2023 Financial Results ● Total revenues of $145.0 million, up 14.9% year-over-year. ● Software subscription revenues of $121.3 million, up 14.0% year-over-year. ● Cloud revenues of $54.6 million, up 24.8% year-over-year. ● Annual”

Vertex, Inc. reported second quarter ended June 30, 2023 results: revenue $139.7 million, net income $(6.9) million, EPS $(0.05) per basic and diluted Class A and Class B shares.

“Second Quarter 2023 Financial Results ● Total revenues of $139.7 million, up 17.1% year-over-year. ● Software subscription revenues of $117.8 million, up 16.6% year-over-year. ● Cloud revenues of $51.2 million, up 27.3% year-over-year. ● Annual Recurring Revenue (“ARR”) was $467.7 million, up 17.5% year-over-year. ● Average Annual Revenue per direct customer (“AARPC”) was $109,170 at June 30, 2023, compared to $93,850 at June 30, 2022 and $104,370 at March 31, 2023. ● Net Revenue Retention (“NRR”) was 111%, compared to 110% at June 30, 2022, and the first quarter of 2023. ● Gross Revenue Retention (“GRR”) was 96%, consistent with June 30, 2022, and the first quarter of 2023. ● Loss from operations of $(4.1) million, compared to loss from operations of $(4.3) million for the same period prior year. Non-GAAP operating income of $18.1 million, compared to $14.6 million for the same period prior year. ● Net loss of $(6.9) million, compared to net loss of $(5.5) million for the same period”

Vertex, Inc. shareholders approved Ratification of Crowe LLP as independent auditor for fiscal year ending December 31, 2023 at the 2023-06-13 meeting.

“The appointment of Crowe LLP as our independent auditor for the fiscal year ending December 31, 2023 was ratified by the vote set forth below: For Against Abstain Broker Non-Vote 1,015,857,710.000 149,205.000 10,101,343.000 0”

Vertex, Inc. shareholders approved Election of Directors at the 2023-06-13 meeting.

“The following nominees were elected as directors, each to hold office until the 2026 Annual Meeting of Shareholders, or the earlier to occur of his or her death, disqualification, resignation, or removal or the appointment of his or her successor, by the vote set forth below: Nominee For Withheld Broker Non-Votes Eric Andersen 996,456,401.000 20,228,749.000 9,423,108.000 David DeStefano 1,004,533,778.000 12,151,372.000 9,423,108.000”

Vertex, Inc. reported first quarter ended March 31, 2023 results: revenue $132.8 million, net income $(18.1) million, EPS $(0.12).

“● Total revenues of $132.8 million, up 15.5% year-over-year. ● Software subscription revenues of $111.0 million, up 14.3% year-over-year. ● Cloud revenues of $48.2 million, up 25.9% year-over-year. ● Annual Recurring Revenue (“ARR”) was $446.5 million, up 17.3% year-over-year. ● Average Annual Revenue per direct customer (“AARPC”) was $104,370 at March 31, 2023, compared to $89,700 at March 31, 2022 and $100,500 at December 31, 2022. ● Net Revenue Retention (“NRR”) was 110%, consistent with March 31, 2022, and the fourth quarter of 2022. ● Gross Revenue Retention (“GRR”) was 96%, consistent with March 31, 2022, and the fourth quarter of 2022. ● Loss from operations of $(8.9) million, compared to income from operations of $0.5 million for the same period prior year. Non-GAAP operating income of $16.5 million, compared to $16.2 million for the same period prior year. ● Net loss of $(18.1) million, compared to net loss of $(0.3) million for the same period prior year. ● Net loss per basic”

Vertex, Inc. reported fourth quarter and full year ended December 31, 2022 results: revenue Total revenues of $131.1 million (Q4); Total revenues of $491.6 million (FY), net income Net loss of $5.3 million (Q4); Net loss of $12.3 million (FY), EPS Net loss per basic and diluted Class A and Class B shares of $(0.04) (Q4); Net loss per basic and diluted Class A and Cl.

“our significant growth opportunity. The Vertex team is executing well, and we are optimistic about 2023 and beyond.” ​ Fourth Quarter 2022 Financial Results ● Total revenues of $131.1 million, up 17.4% year-over-year. ● Software subscription revenues of $110.9 million, up 18.9% year-over-year. ● Cloud revenues of $46.6 million, up 34.4% year-over-year. ● Annual”

Vertex, Inc. reported the third quarter ended September 30, 2022 results: revenue $126.2 million, net income $(1.1) million, EPS $(0.01).

“reflect the strength of our business, the talent of our team, and the diversity of our world-class customer base. ​ Third Quarter 2022 Financial Results ● Total revenues of $126.2 million, up 14.0% year-over-year. ● Software subscription revenues of $106.4 million, up 15.3% year-over-year. ● Cloud revenues of $43.8 million, up 31.3% year-over-year. ● Annual”