Form 4: Insider Trust Sells Over 23,000 Shares of Vertex, Inc. Class A Common Stock

Sentiment:

Insider Transaction Report 24 June 2025 6:11 PM

An insider trust associated with Vertex, Inc. has reported the sale of 23,767 shares of Class A Common Stock in multiple transactions in late June 2025.

Worse than expectedThe sale of 23,767 shares by a trust associated with a director and 10% owner could be interpreted negatively by the market, suggesting insiders may view the stock as fully valued or that there is a lack of confidence in future appreciation.

Summary

The reporting person is ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001.
The issuer is Vertex, Inc. (VERX).
The reporting person is identified as a Director, 10% Owner, and a 13(D) Group Member.
A total of 23,767 shares of Class A Common Stock were disposed of through sales across three separate transactions.
On June 20, 2025, 8,832 shares were sold at a weighted average price of $35.1191 per share, with prices ranging from $35.00 to $35.625.
On June 23, 2025, 510 shares were sold at a price of $35.00 per share.
On June 24, 2025, 14,425 shares were sold at a weighted average price of $35.2436 per share, with prices ranging from $35.00 to $35.445.
Following these transactions, the beneficial ownership of Class A Common Stock by the reporting person is 173,073.706 shares.

Sentiment

Score: 3

Explanation: The sale of a significant number of shares by an insider trust, particularly one associated with a director and 10% owner, typically signals a negative sentiment or a belief that the stock is fully valued, which can be perceived as a bearish signal by investors.

Negatives

Significant insider selling by a trust associated with a director and 10% owner, totaling 23,767 shares, which can be perceived negatively by the market.

Future Outlook

Industry Context

Related Party Transactions

The reported transactions involve the sale of Class A Common Stock by ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL, who is a Director, 10% Owner, and 13(D) Group Member of Vertex, Inc. This constitutes an insider transaction.

Stakeholder Impact

Shareholders: May interpret the insider selling as a negative signal, potentially leading to downward pressure on the stock price due to concerns about future performance or valuation.

Key Dates

Date	Description
06/20/2025	Sale of 8,832 Class A Common Stock shares by ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL.
06/23/2025	Sale of 510 Class A Common Stock shares by ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL.
06/24/2025	Sale of 14,425 Class A Common Stock shares by ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL.
06/24/2025	Signature date of the Form 4 filing.

Recommendation

hold

Keywords

Vertex Inc., VERX, SEC Form 4, Insider Trading, Stock Sale, Beneficial Ownership, Class A Common Stock

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