Form 4: Vertex, Inc.: 2020 Irrevocable Trust for Benefit of Nicholas A. Shuhan Sells Class A Common Stock

The 2020 Irrevocable Trust for Benefit of Nicholas A. Shuhan, a 13(D) group member of Vertex, Inc., has sold a portion of its Class A Common Stock holdings over three days in March 2024.

Summary

• On March 12, 2024, the 2020 Irrevocable Trust for Benefit of Nicholas A. Shuhan sold 9,859 shares of Vertex, Inc.'s Class A Common Stock at a weighted average price of $30.0097.
• The shares were sold in multiple transactions with prices ranging from $30.00 to $30.08.
• On March 13, 2024, the trust sold 1,412 shares at a weighted average price of $30.0021, with individual transaction prices ranging from $30.00 to $30.03.
• On March 14, 2024, a further 8,558 shares were sold at a weighted average price of $30.0066, with prices ranging from $30.00 to $30.04.
• Following these transactions, the trust directly owns 177,817.294 shares of Vertex, Inc.'s Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports the sale of shares by a significant shareholder. The impact on the stock is uncertain without further context.

Industry Context

This filing indicates trading activity by a significant shareholder, which is a common occurrence. The impact on the stock price depends on the size of the transactions relative to the overall trading volume and market sentiment.

Key Dates