Form 4: Item Second IRR Trust FBO Jacob J. Westphal Sells Vertex Inc. Shares

Item Second IRR Trust FBO Jacob J. Westphal, a 13(D) group member of Vertex, Inc., sold a significant number of Class A Common Stock shares over three days in October 2024.

Summary

• Item Second IRR Trust FBO Jacob J. Westphal, identified as a 13(D) group member of Vertex, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The trust sold Class A Common Stock in three separate transactions between October 7 and October 9, 2024.
• On October 7, 2024, 52,713 shares were sold at a weighted average price of $41.0205, with prices ranging from $40.25 to $41.49.
• On October 8, 2024, 28,027 shares were sold at a weighted average price of $41.3181, with prices ranging from $40.83 to $41.66.
• On October 9, 2024, 49,114 shares were sold at a weighted average price of $41.3123, with prices ranging from $40.78 to $41.84.
• Following these transactions, the trust's direct ownership of Class A Common Stock decreased from 1,144,993 to 1,067,852 shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing share sales. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Industry Context

This filing indicates trading activity by a significant shareholder, which is a common occurrence. Monitoring such filings helps investors understand potential shifts in ownership and sentiment.

Stakeholder Impact

• The sale of shares by a significant shareholder could potentially influence investor sentiment and the stock price.

Key Dates