Form 4: Item Second IRR. Trust FBO Kyle R. Westphal Sells Vertex, Inc. Shares
SEC Form 4
Item Second IRR. Trust FBO Kyle R. Westphal, a 10% owner of Vertex, Inc., sold 158,900 shares of Class A Common Stock at a weighted average price of $37.272 on August 26, 2024.
Summary
- On August 26, 2024, Item Second IRR. Trust FBO Kyle R. Westphal sold 158,900 shares of Vertex, Inc.'s Class A Common Stock.
- The shares were sold at prices ranging from $37.0000 to $37.8604, with a weighted average price of $37.272.
- Following the transaction, the trust still beneficially owns 1,430,100 shares of Vertex, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a sale of shares by a significant shareholder. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways depending on the context.
Industry Context
This Form 4 filing indicates insider selling activity, which is a common occurrence. Investors often monitor such filings to gauge insider sentiment regarding the company's prospects.
Stakeholder Impact
- The sale of shares by a major shareholder could potentially influence investor sentiment and, consequently, the stock price.
Key Dates
| Date | Description |
|---|---|
| 2001-10-05 | Date of trust u/a of Jeffrey R. Westphal |
| 2024-08-26 | Date of transaction: Sale of Vertex, Inc. shares |
| 2024-08-27 | Date of signature for the Form 4 filing |
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