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 a significant number of Class A Common Stock shares over three days in March 2024.
Summary
- Item Second Irr. Trust FBO Anne Marie Westphal, identified as a 13(D) group member of Vertex, Inc., reported the sale of Class A Common Stock.
- The sales occurred over three days: March 18, 2024, March 19, 2024, and March 20, 2024.
- On March 18, 2024, 6,910 shares were sold at a weighted average price of $30.0471.
- On March 19, 2024, 30,941 shares were sold at a weighted average price of $30.0548.
- On March 20, 2024, 10,917 shares were sold at a weighted average price of $30.0394.
- Following these transactions, the trust still beneficially owns 1,039,872.706 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a change in beneficial ownership. It's neutral in sentiment as it simply reports transactions.
Industry Context
This filing indicates trading activity by a significant shareholder, which is a common occurrence. The impact on the stock price depends on the size of the transactions relative to the overall trading volume and market sentiment.
Stakeholder Impact
- The sale of shares by a significant shareholder could potentially influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| October 5, 2001 | Date of the trust agreement for Anne Marie Westphal |
| 03/18/2024 | Date of first reported transaction: sale of 6,910 shares |
| 03/19/2024 | Date of second reported transaction: sale of 30,941 shares |
| 03/20/2024 | Date of third reported transaction: sale of 10,917 shares |
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