Form 4: Item Second IRR. Trust FBO Anne Marie Westphal Sells Vertex, Inc. Shares
SEC Form 4
Item Second IRR. Trust FBO Anne Marie Westphal, a 13(D) group member of Vertex, Inc., sold 27,128 shares of Class A Common Stock at a weighted average price of $30.271 on March 26, 2024.
Summary
- On March 26, 2024, Item Second IRR. Trust FBO Anne Marie Westphal sold 27,128 shares of Vertex, Inc.'s Class A Common Stock.
- The shares were sold at a weighted average price of $30.271.
- The prices for individual transactions ranged from $30.05 to $30.53.
- Following the transaction, the trust beneficially owns 965,073.706 shares of Vertex, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of a share sale. The size of the sale is relatively small compared to the total outstanding shares.
Industry Context
This Form 4 filing indicates a change in the holdings of a significant shareholder (13D group member) of Vertex, Inc. Such filings are common and provide transparency into the transactions of company insiders and major stakeholders. The market may react to this information depending on the size and perceived reason for the transaction.
Stakeholder Impact
- The sale of shares by a significant shareholder could have a minor impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| October 5, 2001 | Date of trust u/a of Jeffrey R. Westphal |
| 03/26/2024 | Date of transaction: Sale of Vertex, Inc. shares |
| 03/28/2024 | Date of signature for the Form 4 filing |
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