Form 4: Bentley Systems' Chief Product Officer Sells Shares Under 10b5-1 Trading Plan

Michael M. Campbell, Chief Product Officer of Bentley Systems, sold shares of Class B Common Stock on June 3rd and 4th, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael M. Campbell, the Chief Product Officer of Bentley Systems, sold shares of Class B Common Stock.
• The sales occurred on June 3rd and 4th, 2024.
• The transactions were executed under a Rule 10b5-1 trading plan adopted on March 1, 2024.
• On June 3rd, 3,461 shares were sold at a weighted average price of $49.65, with prices ranging from $49.24 to $50.11.
• An additional 690 shares were sold on June 3rd at a weighted average price of $50.31, with prices ranging from $50.24 to $50.38.
• On June 4th, 3,282 shares were sold at a price of $50.
• Following these transactions, Campbell directly owns 85,976 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. It is neutral in sentiment as it simply reports transactions.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates