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Vertex (NASDAQ: VRTX) director to sell $663K in shares via charity

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

VERTEX PHARMACEUTICALS INC / MA (VRTX) has a notice of proposed sale filed for shares of its common stock under Rule 144. Director Bruce I. Sachs plans to sell 1,210 shares of Vertex common stock through Goldman Sachs & Co. LLC, with an indicated aggregate market value of $662,535.50. The shares were acquired as a gift and are held jointly with Kimberlie T. Sachs as JTWROS. As of this notice, 253,460,924 shares of Vertex common stock were outstanding, and the shares are listed on NASDAQ. The remark states that shares are sold through the Watercove Charitable Foundation, where Bruce I. Sachs serves as trustee.

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Number of shares to be sold 1,210 shares Common stock covered by the Rule 144 notice
Aggregate market value $662,535.50 Market value of the 1,210 shares proposed to be sold
Shares outstanding 253,460,924 shares Vertex common stock outstanding in connection with this notice
Date of Notice 08/27/2026 Date the Form 144 notice was signed and filed
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
aggregate market value financial
"Common | Goldman Sachs & Co. LLC ... | 1210 | 662535.5 |"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
JTWROS financial
"Bruce I. Sachs & Kimberlie T. Sachs JTWROS | | 02/15/2008 |"
charitable foundation financial
"Shares sold through the Watercove Charitable Foundation where Bruce I."
A charitable foundation is a non-profit organization established to collect and manage funds to support charitable activities, such as education, health, or community projects. It acts like a financial reservoir dedicated to giving back to society, often funded by individuals, families, or corporations. For investors, supporting or donating to such foundations can enhance social impact and may offer tax benefits.

FAQ

What does the Form 144 filing disclose for VRTX?

The Form 144 discloses that Bruce I. Sachs, a director, plans to sell 1,210 shares of Vertex Pharmaceuticals common stock under Rule 144 through Goldman Sachs & Co. LLC, with an indicated aggregate market value of $662,535.50 and 253,460,924 shares outstanding.

How many VRTX shares are proposed to be sold and at what value?

The notice covers a proposed sale of 1,210 shares of Vertex Pharmaceuticals common stock, with an indicated aggregate market value of $662,535.50 at the time of the filing.

Who is selling Vertex (VRTX) shares under this Form 144 and through which broker?

The proposed sale is for the account of Bruce I. Sachs, a director of Vertex, with the transaction to be executed through Goldman Sachs & Co. LLC as the broker.

How were the Vertex (VRTX) shares being sold under Form 144 originally acquired?

The 1,210 shares of Vertex common stock covered by this notice were acquired as a gift and are held by Bruce I. Sachs & Kimberlie T. Sachs JTWROS (joint tenants with right of survivorship).

What does the Form 144 say about Vertex (VRTX) shares outstanding?

The filing states that there were 253,460,924 shares of Vertex Pharmaceuticals common stock outstanding in connection with this proposed Rule 144 sale.

What charitable detail is mentioned in this Vertex (VRTX) Form 144?

A remark states that the shares are sold through the Watercove Charitable Foundation, where Bruce I. Sachs serves as trustee.

On which exchange are the Vertex (VRTX) shares in this Form 144 listed?

The common stock covered by this Form 144 notice is listed on NASDAQ, as stated in the securities information section.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature