0000950170-23-063141.txt : 20231113 0000950170-23-063141.hdr.sgml : 20231113 20231113173014 ACCESSION NUMBER: 0000950170-23-063141 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231109 FILED AS OF DATE: 20231113 DATE AS OF CHANGE: 20231113 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Tensile Capital Management LP CENTRAL INDEX KEY: 0001598843 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39413 FILM NUMBER: 231400259 BUSINESS ADDRESS: STREET 1: 700 LARKSPUR LANDING CIRCLE STREET 2: SUITE 255 CITY: LARKSPUR STATE: CA ZIP: 94939 BUSINESS PHONE: 415-830-8160 MAIL ADDRESS: STREET 1: 700 LARKSPUR LANDING CIRCLE STREET 2: SUITE 255 CITY: LARKSPUR STATE: CA ZIP: 94939 FORMER NAME: FORMER CONFORMED NAME: Tensile Capital Management LLC DATE OF NAME CHANGE: 20140131 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Vertex, Inc. CENTRAL INDEX KEY: 0001806837 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 232081753 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2301 RENAISSANCE BOULEVARD CITY: KING OF PRUSSIA STATE: PA ZIP: 19406 BUSINESS PHONE: (800) 355-3500 MAIL ADDRESS: STREET 1: 2301 RENAISSANCE BOULEVARD CITY: KING OF PRUSSIA STATE: PA ZIP: 19406 4 1 ownership.xml 4 X0508 4 2023-11-09 true 0001806837 Vertex, Inc. VERX 0001598843 Tensile Capital Management LP 700 LARKSPUR LANDING CIRCLE, SUITE 255 LARKSPUR CA 94939 false false true false false Class A common stock 2023-11-09 4 S false 200000 26.27 D 5456717 I By Tensile Capital Partners Master Fund LP Class A common stock 2023-11-09 4 S false 53484 27.29 D 5403233 I By Tensile Capital Partners Master Fund LP Class A common stock 2023-11-10 4 S false 6934 27.37 D 5396299 I By Tensile Capital Partners Master Fund LP This transaction was executed in multiple trades at prices ranging from $26.07 to $26.90; the price reported above reflects the weighted average sale price. The Reporting Persons (as defined below) undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected. The shares are held directly by Tensile Capital Partners Master Fund LP. The reporting persons ("Reporting Persons") are Douglas J. Dossey, Arthur C. Young, Tensile Capital Management LP, Tensile Capital Management GP LLC, Tensile Capital GP LLC and Tensile Capital Partners Master Fund LP. The general partner and investment adviser of Tensile Capital Partners Master Fund LP are Tensile Capital GP LLC and Tensile Capital Management LP, respectively. The general partner of Tensile Capital Management LP is Tensile Capital Management GP LLC. Douglas J. Dossey and Arthur C. Young are the controlling principals of Tensile Capital Management LP, Tensile Capital Management GP LLC, and Tensile Capital GP LLC. Each of the Reporting Persons may be deemed to share beneficial ownership of the shares with Tensile Capital Partners Master Fund LP. Each of the Reporting Persons disclaim beneficial ownership of the shares, except to the extent of such person's pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose. This transaction was executed in multiple trades at prices ranging from $27.33 to $28.10; the price reported above reflects the weighted average sale price. The Reporting Persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected. Tensile Capital Partners Master Fund LP, by: Tensile Capital GP LLC, its General Partner, /s/ Arthur Young, Managing Partner 2023-11-13