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[Form 4] Vertex, Inc. Insider Trading Activity

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4
Rhea-AI Filing Summary

A significant insider transaction was reported for Vertex (VERX) involving the ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL, a 10% owner and 13(D) group member. The trust executed three substantial sales of Class A Common Stock over consecutive days:

  • June 16, 2025: Sold 78,248 shares at average price of $36.87
  • June 17, 2025: Sold 145,111 shares at average price of $37.16
  • June 18, 2025: Sold 157,874 shares at average price of $35.93

Following these transactions, the trust's holdings decreased from approximately 500,000 shares to 196,841 shares, representing a significant reduction of about 60% in their position. The sales were executed at prices ranging from $35.31 to $37.57 per share, with a total transaction value of approximately $14 million.

È stata segnalata una significativa transazione interna per Vertex (VERX) che coinvolge ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL, proprietaria del 10% e membro del gruppo 13(D). Il trust ha effettuato tre vendite rilevanti di azioni ordinarie di Classe A in giorni consecutivi:

  • 16 giugno 2025: Vendute 78.248 azioni a un prezzo medio di 36,87 $
  • 17 giugno 2025: Vendute 145.111 azioni a un prezzo medio di 37,16 $
  • 18 giugno 2025: Vendute 157.874 azioni a un prezzo medio di 35,93 $

Dopo queste operazioni, la partecipazione del trust è scesa da circa 500.000 azioni a 196.841 azioni, rappresentando una riduzione significativa di circa il 60% della loro posizione. Le vendite sono state effettuate a prezzi compresi tra 35,31 $ e 37,57 $ per azione, con un valore totale della transazione di circa 14 milioni di dollari.

Se reportó una transacción interna significativa para Vertex (VERX) que involucra a ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL, propietario del 10% y miembro del grupo 13(D). El fideicomiso realizó tres ventas importantes de acciones comunes Clase A en días consecutivos:

  • 16 de junio de 2025: Vendió 78,248 acciones a un precio promedio de 36.87 $
  • 17 de junio de 2025: Vendió 145,111 acciones a un precio promedio de 37.16 $
  • 18 de junio de 2025: Vendió 157,874 acciones a un precio promedio de 35.93 $

Tras estas transacciones, las tenencias del fideicomiso disminuyeron de aproximadamente 500,000 acciones a 196,841 acciones, representando una reducción significativa de alrededor del 60% en su posición. Las ventas se realizaron a precios que oscilaron entre 35.31 $ y 37.57 $ por acción, con un valor total de transacción de aproximadamente 14 millones de dólares.

Vertex (VERX)에 대한 중요한 내부자 거래가 ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL, 10% 소유주이자 13(D) 그룹 멤버와 관련하여 보고되었습니다. 해당 트러스트는 연속된 날에 걸쳐 클래스 A 보통주를 대규모로 매도했습니다:

  • 2025년 6월 16일: 평균 가격 36.87달러에 78,248주 매도
  • 2025년 6월 17일: 평균 가격 37.16달러에 145,111주 매도
  • 2025년 6월 18일: 평균 가격 35.93달러에 157,874주 매도

이 거래들 이후 트러스트의 보유 주식은 약 50만 주에서 196,841주로 감소하여 약 60%의 큰 비중 감소를 나타냅니다. 매도 가격은 주당 35.31달러에서 37.57달러 사이였으며, 총 거래 금액은 약 1,400만 달러였습니다.

Une transaction importante d'initié a été signalée pour Vertex (VERX) impliquant ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL, propriétaire de 10 % et membre du groupe 13(D). Le trust a réalisé trois ventes substantielles d'actions ordinaires de classe A sur trois jours consécutifs :

  • 16 juin 2025 : Vente de 78 248 actions au prix moyen de 36,87 $
  • 17 juin 2025 : Vente de 145 111 actions au prix moyen de 37,16 $
  • 18 juin 2025 : Vente de 157 874 actions au prix moyen de 35,93 $

À la suite de ces transactions, les avoirs du trust ont diminué d'environ 500 000 actions à 196 841 actions, représentant une réduction significative d'environ 60 % de leur position. Les ventes ont été réalisées à des prix allant de 35,31 $ à 37,57 $ par action, pour une valeur totale de transaction d'environ 14 millions de dollars.

Eine bedeutende Insider-Transaktion wurde für Vertex (VERX) gemeldet, bei der ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL, ein 10%-Eigentümer und Mitglied der 13(D)-Gruppe, beteiligt war. Der Trust führte an aufeinanderfolgenden Tagen drei erhebliche Verkäufe von Class A Stammaktien durch:

  • 16. Juni 2025: Verkauf von 78.248 Aktien zum Durchschnittspreis von 36,87 $
  • 17. Juni 2025: Verkauf von 145.111 Aktien zum Durchschnittspreis von 37,16 $
  • 18. Juni 2025: Verkauf von 157.874 Aktien zum Durchschnittspreis von 35,93 $

Nach diesen Transaktionen verringerte sich der Bestand des Trusts von etwa 500.000 Aktien auf 196.841 Aktien, was eine signifikante Reduzierung von etwa 60 % ihrer Position darstellt. Die Verkäufe erfolgten zu Preisen zwischen 35,31 $ und 37,57 $ pro Aktie, mit einem Gesamttransaktionswert von ungefähr 14 Millionen Dollar.

Positive
  • None.
Negative
  • Large insider sale: Trust beneficially owned by 10% owner Anne Marie Westphal sold a total of 381,233 shares worth approximately $14 million over three consecutive days, reducing position by nearly 61% from 499,826 to 196,841 shares

È stata segnalata una significativa transazione interna per Vertex (VERX) che coinvolge ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL, proprietaria del 10% e membro del gruppo 13(D). Il trust ha effettuato tre vendite rilevanti di azioni ordinarie di Classe A in giorni consecutivi:

  • 16 giugno 2025: Vendute 78.248 azioni a un prezzo medio di 36,87 $
  • 17 giugno 2025: Vendute 145.111 azioni a un prezzo medio di 37,16 $
  • 18 giugno 2025: Vendute 157.874 azioni a un prezzo medio di 35,93 $

Dopo queste operazioni, la partecipazione del trust è scesa da circa 500.000 azioni a 196.841 azioni, rappresentando una riduzione significativa di circa il 60% della loro posizione. Le vendite sono state effettuate a prezzi compresi tra 35,31 $ e 37,57 $ per azione, con un valore totale della transazione di circa 14 milioni di dollari.

Se reportó una transacción interna significativa para Vertex (VERX) que involucra a ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL, propietario del 10% y miembro del grupo 13(D). El fideicomiso realizó tres ventas importantes de acciones comunes Clase A en días consecutivos:

  • 16 de junio de 2025: Vendió 78,248 acciones a un precio promedio de 36.87 $
  • 17 de junio de 2025: Vendió 145,111 acciones a un precio promedio de 37.16 $
  • 18 de junio de 2025: Vendió 157,874 acciones a un precio promedio de 35.93 $

Tras estas transacciones, las tenencias del fideicomiso disminuyeron de aproximadamente 500,000 acciones a 196,841 acciones, representando una reducción significativa de alrededor del 60% en su posición. Las ventas se realizaron a precios que oscilaron entre 35.31 $ y 37.57 $ por acción, con un valor total de transacción de aproximadamente 14 millones de dólares.

Vertex (VERX)에 대한 중요한 내부자 거래가 ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL, 10% 소유주이자 13(D) 그룹 멤버와 관련하여 보고되었습니다. 해당 트러스트는 연속된 날에 걸쳐 클래스 A 보통주를 대규모로 매도했습니다:

  • 2025년 6월 16일: 평균 가격 36.87달러에 78,248주 매도
  • 2025년 6월 17일: 평균 가격 37.16달러에 145,111주 매도
  • 2025년 6월 18일: 평균 가격 35.93달러에 157,874주 매도

이 거래들 이후 트러스트의 보유 주식은 약 50만 주에서 196,841주로 감소하여 약 60%의 큰 비중 감소를 나타냅니다. 매도 가격은 주당 35.31달러에서 37.57달러 사이였으며, 총 거래 금액은 약 1,400만 달러였습니다.

Une transaction importante d'initié a été signalée pour Vertex (VERX) impliquant ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL, propriétaire de 10 % et membre du groupe 13(D). Le trust a réalisé trois ventes substantielles d'actions ordinaires de classe A sur trois jours consécutifs :

  • 16 juin 2025 : Vente de 78 248 actions au prix moyen de 36,87 $
  • 17 juin 2025 : Vente de 145 111 actions au prix moyen de 37,16 $
  • 18 juin 2025 : Vente de 157 874 actions au prix moyen de 35,93 $

À la suite de ces transactions, les avoirs du trust ont diminué d'environ 500 000 actions à 196 841 actions, représentant une réduction significative d'environ 60 % de leur position. Les ventes ont été réalisées à des prix allant de 35,31 $ à 37,57 $ par action, pour une valeur totale de transaction d'environ 14 millions de dollars.

Eine bedeutende Insider-Transaktion wurde für Vertex (VERX) gemeldet, bei der ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL, ein 10%-Eigentümer und Mitglied der 13(D)-Gruppe, beteiligt war. Der Trust führte an aufeinanderfolgenden Tagen drei erhebliche Verkäufe von Class A Stammaktien durch:

  • 16. Juni 2025: Verkauf von 78.248 Aktien zum Durchschnittspreis von 36,87 $
  • 17. Juni 2025: Verkauf von 145.111 Aktien zum Durchschnittspreis von 37,16 $
  • 18. Juni 2025: Verkauf von 157.874 Aktien zum Durchschnittspreis von 35,93 $

Nach diesen Transaktionen verringerte sich der Bestand des Trusts von etwa 500.000 Aktien auf 196.841 Aktien, was eine signifikante Reduzierung von etwa 60 % ihrer Position darstellt. Die Verkäufe erfolgten zu Preisen zwischen 35,31 $ und 37,57 $ pro Aktie, mit einem Gesamttransaktionswert von ungefähr 14 Millionen Dollar.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
ITEM SECOND IRR. TRUST FBO ANNE MARIE WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001
(Last) (First) (Middle)
C/O VERTEX, INC.
2301 RENAISSANCE BLVD
(Street)
KING OF PRUSSIA PA 19406
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Vertex, Inc. [ VERX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
13(D) GROUP MEMBER
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 06/16/2025 S 78,248 D $36.8664(1) 499,825.706 D
Class A Common Stock 06/17/2025 S 145,111 D $37.161(2) 354,714.706 D
Class A Common Stock 06/18/2025 S 157,874 D $35.9314(3) 196,840.706 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.70 to $37.08.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.845 to $37.57.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.31 to $36.915.
/s/ Anne Marie Westphal, as Trustee 06/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many shares of VERX stock did the ITEM SECOND IRR. TRUST sell in June 2025?

The trust sold a total of 381,233 shares of VERX Class A Common Stock across three days: 78,248 shares on June 16, 145,111 shares on June 17, and 157,874 shares on June 18, 2025.

What was the price range of VERX stock sales on June 16, 2025?

On June 16, 2025, the shares were sold at a weighted average price of $36.8664, with individual transactions ranging from $36.70 to $37.08 per share.

How many shares of VERX does the trust still own after these transactions?

After the reported transactions, the trust retained direct ownership of 196,840.706 shares of VERX Class A Common Stock.

What was the largest single-day sale of VERX stock by the trust?

The largest single-day sale occurred on June 18, 2025, when the trust sold 157,874 shares at a weighted average price of $35.9314 per share.

What is the relationship between the reporting person and VERX?

The reporting person (ITEM SECOND IRR. TRUST) is identified as both a 10% Owner of VERX and a 13(D) GROUP MEMBER according to the Form 4 filing.
Stock VERX logo
Vertex, Inc.

NASDAQ:VERX

VERX Rankings

#1212 Ranked by Market Cap
N/A Ranked by Dividends

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VERX Latest SEC Filings

Jun 24, 2025
[Form 4] Vertex, Inc. Insider Trading Activity

VERX Stock Data

5.55B
63.44M
7.35%
104.86%
3.68%
Software - Application
Services-prepackaged Software
Link
United States
KING OF PRUSSIA