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 47,671 shares of Class A Common Stock in two transactions.

Summary

• On March 21, 2024, Item Second IRR. Trust FBO Anne Marie Westphal sold 100 shares of Vertex, Inc.'s Class A Common Stock at $30 per share.
• On March 25, 2024, the trust sold 47,571 shares of Class A Common Stock at a weighted average price of $30.093, with prices ranging from $30.00 to $30.26.
• Following these transactions, the trust beneficially owns 992,201.706 shares of Vertex, Inc.'s Class A Common Stock.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. A large shareholder selling a portion of their shares can sometimes be interpreted negatively, but without further context, it's difficult to assess the true impact.

Industry Context

Form 4 filings are a routine part of the US equity market, providing transparency into the transactions of company insiders and significant shareholders. These filings are closely watched by investors seeking to understand the sentiment and actions of those with privileged information about the company.

Stakeholder Impact

• The sale of shares by a significant shareholder could potentially influence investor sentiment.

Key Dates