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, sold a total of 19,118 shares of Vertex, Inc. Class A Common Stock between March 12 and March 14, 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 transactions occurred between March 12, 2024, and March 14, 2024.
- On March 12, 2024, 9,727 shares were sold at a weighted average price of $30.0124 per share.
- On March 13, 2024, 1,301 shares were sold at a weighted average price of $30.00 per share.
- On March 14, 2024, 8,090 shares were sold at a weighted average price of $30.0065 per share.
- Following these transactions, the trust's beneficial ownership of Vertex, Inc. Class A Common Stock decreased from 1,098,031.706 to 1,088,640.706 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports the sale of shares by a major shareholder. It doesn't inherently indicate a positive or negative outlook for the company.
Industry Context
This filing indicates activity by a major shareholder, which is typical market behavior. Monitoring such transactions can provide insights into investor sentiment regarding Vertex, Inc.'s prospects.
Stakeholder Impact
- The sale of shares by a significant shareholder could potentially influence investor sentiment and trading activity in Vertex, Inc. stock.
Key Dates
| Date | Description |
|---|---|
| October 5, 2001 | Date of trust u/a of Jeffrey R. Westphal |
| 03/12/2024 | Date of first transaction: Sale of 9,727 shares at a weighted average price of $30.0124 |
| 03/13/2024 | Date of second transaction: Sale of 1,301 shares at a weighted average price of $30.00 |
| 03/14/2024 | Date of third transaction: Sale of 8,090 shares at a weighted average price of $30.0065 |
| 03/14/2024 | Date of signature for the Form 4 filing |
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