Form 4: Item Second Irr. Trust FBO Anne Marie Westphal Sells Vertex Inc. Shares

Item Second Irr. Trust FBO Anne Marie Westphal, a 13(D) group member of Vertex, Inc., sold 75,175 shares of Class A Common Stock in two days.

Summary

• On October 10, 2024, Item Second Irr. Trust FBO Anne Marie Westphal sold 32,410 shares of Vertex, Inc.'s Class A Common Stock at a weighted average price of $39.7269 per share.
• The prices for these shares ranged from $39.38 to $40.345.
• On October 11, 2024, the trust sold an additional 42,765 shares at a weighted average price of $40.4849 per share.
• These shares were sold at prices ranging from $39.795 to $40.835.
• Following these transactions, the trust directly owns 765,073.706 shares of Vertex, Inc.'s Class A Common Stock.

Sentiment

Score: 4

Explanation: The document itself is neutral, simply reporting transactions. However, insider selling can sometimes be interpreted negatively by the market, hence the slightly below-average sentiment score.

Industry Context

Sales by significant shareholders are routinely monitored by the market as they can indicate sentiment about the company's prospects. Large or frequent sales may create downward pressure on the stock price.

Stakeholder Impact

• Shareholders may react to the news of a significant shareholder selling shares.
• The market price of Vertex, Inc. stock could be affected by these transactions.

Key Dates