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 significant number of Vertex Inc. Class A Common Stock shares over three days in March 2024.
Summary
- Item Second IRR. Trust FBO Anne Marie Westphal u/a of Jeffrey R. Westphal, identified as a 13(D) group member of Vertex, Inc., filed a Form 4.
- The form reports the sale of Class A Common Stock shares across three transactions.
- On March 6, 2024, 10,589 shares were sold at a weighted average price of $30.0119.
- On March 7, 2024, 19,864 shares were sold at a weighted average price of $30.06.
- On March 8, 2024, 20,113 shares were sold at a weighted average price of $30.1361.
- Following these transactions, the trust still beneficially owns 1,107,758.706 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share sales. It doesn't inherently convey positive or negative sentiment, but the market's reaction to the sales could influence sentiment.
Industry Context
Form 4 filings are standard disclosures for insiders and significant shareholders, providing transparency into their transactions in company stock. This sale by a 13(D) group member could be of interest to investors, as it signals a change in their investment position.
Stakeholder Impact
- Shareholders may react to the news of the share sales by a significant shareholder.
Key Dates
| Date | Description |
|---|---|
| October 5, 2001 | Date of trust agreement for Anne Marie Westphal u/a of Jeffrey R. Westphal |
| 03/06/2024 | Date of first reported transaction: sale of 10,589 shares |
| 03/07/2024 | Date of second reported transaction: sale of 19,864 shares |
| 03/08/2024 | Date of third reported transaction: sale of 20,113 shares |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.