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 March 2024.

Summary

• Item Second IRR. Trust FBO Jacob J. Westphal, identified as a 13(D) group member of Vertex, Inc., reported the sale of Vertex, Inc. Class A Common Stock.
• The sales occurred over three days: March 18, 2024, March 19, 2024, and March 20, 2024.
• On March 18, 2024, 6,967 shares were sold at a weighted average price of $30.0435, with prices ranging from $30.00 to $30.21.
• On March 19, 2024, 31,173 shares were sold at a weighted average price of $30.0553, with prices ranging from $30.00 to $30.19.
• On March 20, 2024, 10,955 shares were sold at a weighted average price of $30.0381, with prices ranging from $30.00 to $30.12.
• Following these transactions, the trust still beneficially owns 1,200,665 shares of Vertex, Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports the sale of shares by a significant shareholder. The impact on the company is not explicitly positive or negative.

Industry Context

This filing indicates activity by a major shareholder, which is a common occurrence. The impact on the stock price will depend on market perception of the reasons for the sale and the overall market conditions.

Stakeholder Impact

• Shareholders may react to the news of the share sale, potentially impacting the stock price.
• The impact on other stakeholders is likely minimal unless the share sale signals a larger strategic shift.

Key Dates