Form 4: Vertex Inc. 10% Owner Trust Sells Over 380,000 Shares in Pre-Arranged Transactions

A trust associated with a 10% owner and director of Vertex, Inc. has reported the sale of 381,233 shares of Class A Common Stock over three days in mid-June 2025, pursuant to a Rule 10b5-1 trading plan.

Summary

• The ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL, identified as a Director, 10% Owner, and 13(D) Group Member of Vertex, Inc. (VERX), reported multiple sales of Class A Common Stock.
• On June 16, 2025, the trust sold 78,248 shares at a weighted average price of $36.8664 per share, with prices ranging from $36.70 to $37.08.
• On June 17, 2025, an additional 145,111 shares were sold at a weighted average price of $37.161 per share, with prices ranging from $36.845 to $37.57.
• On June 18, 2025, the trust sold 157,874 shares at a weighted average price of $35.9314 per share, with prices ranging from $35.31 to $36.915.
• These transactions were conducted under a Rule 10b5-1(c) pre-arranged trading plan.
• Following these sales, the trust's beneficial ownership of Class A Common Stock decreased from an initial undisclosed amount to 499,825.706 shares after the first sale, then to 354,714.706 shares after the second, and finally to 196,840.706 shares after the third sale.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly negative. While insider selling can be viewed negatively, the fact that it was conducted under a Rule 10b5-1 plan mitigates concerns that it's based on new, adverse information, suggesting it's part of a pre-planned liquidity or diversification strategy.

Negatives

• A significant sale of shares by a 10% owner and director, totaling 381,233 shares, could be perceived negatively by investors as it reduces insider ownership.

Future Outlook

NA

Industry Context

This Form 4 filing reports routine insider transactions and does not provide broader industry context or trends. It is specific to the trading activity of a significant shareholder of Vertex, Inc.

Related Party Transactions

• The reported sales of Class A Common Stock by ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL are considered related party transactions, as the trust is associated with a director and 10% owner of Vertex, Inc.

Stakeholder Impact

• Shareholders may observe a reduction in insider ownership, which could be interpreted as a lack of confidence, although the 10b5-1 plan suggests a pre-determined sale rather than a reactive one.

Key Dates

Keywords

Vertex Inc., VERX, SEC Form 4, Insider Trading, Stock Sale, Beneficial Ownership, 10b5-1 Plan, Director Sale, 10% Owner