Form 4: Item Second Irr. Trust Reports Acquisition of 37,000 Vertex, Inc. Shares
SEC Form 4 Filing
Item Second Irr. Trust, a 13(D) group member, acquired 37,000 shares of Vertex, Inc. Class A Common Stock on December 23, 2024.
Summary
- Item Second Irr. Trust, a 13(D) group member, acquired 37,000 shares of Vertex, Inc. Class A Common Stock on December 23, 2024.
- The shares were acquired at a price of $0.00.
- Following the transaction, the trust beneficially owns 745,706 shares of Vertex, Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of a transaction, with no positive or negative implications.
Industry Context
This filing is a routine disclosure of a change in beneficial ownership by a significant shareholder, which is common in the public markets.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and significant shareholders in publicly traded companies.
- The transaction is not unusual in terms of volume or price for a Form 4 filing.
Stakeholder Impact
- The transaction increases the trust's stake in Vertex, Inc., which may be of interest to other shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/05/2001 | Date of the trust agreement for Jacob J. Westphal u/a of Jeffrey R. Westphal. |
| 12/23/2024 | Date of the transaction where 37,000 shares were acquired. |
| 12/26/2024 | Date of signature for the Form 4 filing. |
Keywords
Vertex, Inc., VERX, Item Second Irr. Trust, Beneficial Ownership, Form 4, Share Acquisition, 13(D) Group Member
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