Form 4: Vertex Inc. Insider Transaction: 2020 Irrevocable Trust Acquires Shares

The 2020 Irrevocable Trust for Benefit of Constance A. Thompson, a 13(d) group member, acquired 22,500 shares of Vertex, Inc. Class A Common Stock on May 20, 2025.

Summary

• On May 20, 2025, the 2020 Irrevocable Trust for Benefit of Constance A. Thompson acquired 22,500 shares of Class A Common Stock of Vertex, Inc. at $0 per share.
• The trust also acquired 22,500 shares of Class B Common Stock.
• Following the transaction, the trust directly owns 22,500 shares of Class A Common Stock and 90,080.918 shares of Class B Common Stock.
• The Class B Common Stock is convertible into Class A Common Stock and has no expiration date.
• A correction was made to the originally filed Form 3 to reflect the correct number of Class B Common Stock shares owned.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a standard SEC Form 4, indicating changes in beneficial ownership by an insider. It provides transparency into the trading activities of individuals or entities closely related to the company.

Stakeholder Impact

• The transaction may be of interest to shareholders as it provides insight into the actions of a significant beneficial owner.

Key Dates

Keywords

Form 4, insider transaction, beneficial ownership, Class A Common Stock, Class B Common Stock, Vertex, Inc., VERX, 2020 Irrevocable Trust, Constance A. Thompson, 13(d) Group Member