Form 4: Vertex, Inc.: 2020 Irrevocable Trust for Benefit of Nicholas A. Shuhan Reduces Stake in VERX

The 2020 Irrevocable Trust for Benefit of Nicholas A. Shuhan, a 13(D) group member, has sold shares of Vertex, Inc. (VERX) in two transactions, reducing its holdings.

Summary

• On March 21, 2024, the 2020 Irrevocable Trust for Benefit of Nicholas A. Shuhan sold 100 shares of Vertex, Inc. (VERX) Class A Common Stock at a price of $30 per share.
• On March 25, 2024, the trust sold an additional 47,522 shares at a weighted average price of $30.092 per share, with prices ranging from $30.00 to $30.27.
• Following these transactions, the trust's beneficial ownership of Vertex, Inc. Class A Common Stock decreased from 128,883.294 shares to 81,361.294 shares.
• Joshua Levine, as Trustee, signed the report on March 25, 2024.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative as a large shareholder is reducing their position. This could be interpreted as a lack of confidence, but it could also be for personal financial reasons.

Negatives

• The 2020 Irrevocable Trust for Benefit of Nicholas A. Shuhan reduced its stake in Vertex, Inc.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders change their ownership in a publicly traded company. These filings are closely watched by investors for signals about the company's prospects and management's confidence.

Stakeholder Impact

• Shareholders may react to the news of a significant shareholder reducing their stake.

Key Dates