Form 4: Item Second IRR Trust Sells Vertex Inc. Shares in Multiple Transactions
SEC Form 4
Item Second IRR Trust FBO Jacob J. Westphal u/a of Jeffrey R. Westphal dated October 5, 2001, a 13(D) group member, sold a significant number of Vertex, Inc. Class A Common Stock shares over three days.
Summary
- Item Second IRR Trust, a 13(D) group member, reported the sale of Vertex, Inc. Class A Common Stock shares.
- On October 10, 2024, 32,629 shares were sold at an average price of $39.729, with prices ranging from $39.37 to $40.30.
- On October 11, 2024, 46,098 shares were sold at an average price of $40.4751, with prices ranging from $40.035 to $40.84.
- On October 14, 2024, 56,419 shares were sold at an average price of $40.7688, with prices ranging from $40.20 to $41.20.
- Following these transactions, the trust beneficially owns 932,706 shares of Vertex, Inc. Class A Common Stock.
Sentiment
Score: 4
Explanation: The sentiment is neutral to slightly negative. A large shareholder is reducing their position, which could be interpreted negatively by the market, but without more context, it's difficult to assess the true impact.
Industry Context
This filing indicates activity by a significant shareholder (13D group member). Monitoring such transactions is important as they can reflect the shareholder's view on the company's prospects and potentially influence market sentiment.
Stakeholder Impact
- Shareholders may react to the news of a large shareholder selling a significant number of shares.
Key Dates
| Date | Description |
|---|---|
| October 5, 2001 | Date of the trust agreement: Item Second IRR Trust FBO Jacob J. Westphal u/a of Jeffrey R. Westphal |
| 10/10/2024 | Sale of 32,629 shares of Class A Common Stock at an average price of $39.729 |
| 10/11/2024 | Sale of 46,098 shares of Class A Common Stock at an average price of $40.4751 |
| 10/14/2024 | Sale of 56,419 shares of Class A Common Stock at an average price of $40.7688 |
| 10/15/2024 | Date of signature for the Form 4 filing |
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