Form 4: Item Second IRR. Trust Acquires 300,000 Shares of Vertex, Inc. Class A Common Stock

Item Second IRR. Trust FBO Melanie H. Lucas u/a of Stefanie W. Lucas dated October 5, 2001, a 13(d) Group Member, acquired 300,000 shares of Vertex, Inc.'s Class A Common Stock on May 20, 2025.

Summary

• On May 20, 2025, Item Second IRR. Trust FBO Melanie H. Lucas u/a of Stefanie W. Lucas dated October 5, 2001 acquired 300,000 shares of Vertex, Inc.'s Class A Common Stock.
• The transaction was reported on a Form 4 filing with the SEC.
• Following the transaction, the trust directly owns 300,000 shares of Class A Common Stock.
• The trust also indirectly owns 1,641,750 derivative securities related to Class B Common Stock, each convertible into one share of Class A Common Stock.
• The Class B Common Stock is convertible at any time and will automatically convert upon transfer or when the voting power falls below 10% of the total common stock voting power.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing reflects a change in beneficial ownership of Vertex, Inc. shares, which is a common occurrence and provides transparency to the market regarding the holdings of significant shareholders and insiders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders by slightly increasing the holdings of a significant shareholder.

Key Dates

Keywords

Vertex, Inc., Class A Common Stock, Class B Common Stock, Beneficial Ownership, SEC Form 4, Item Second IRR. Trust, 13(d) Group Member, Derivative Securities, Conversion, Transaction