Form 4: Item Second IRR Trust Sells Vertex Inc. Shares

Item Second IRR Trust FBO Jacob J. Westphal u/a of Jeffrey R. Westphal dated October 5, 2001, a 13(D) Group Member, sold 2,959 shares of Vertex, Inc. Class A Common Stock in two transactions on March 21 and March 25, 2024.

Summary

• On March 21, 2024, Item Second IRR Trust sold 100 shares of Vertex, Inc. Class A Common Stock at $30 per share.
• On March 25, 2024, the trust sold 2,859 shares of Vertex, Inc. Class A Common Stock at a weighted average price of $30.027, with prices ranging from $30.00 to $30.06.
• Following these transactions, the trust beneficially owns 1,197,706 shares of Vertex, Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a sale of shares by a trust. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction. The sentiment is neutral.

Industry Context

This filing indicates a change in the holdings of a significant shareholder (13D group member) of Vertex, Inc., which could be of interest to investors monitoring the stock's ownership structure and potential market sentiment.

Stakeholder Impact

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

Key Dates