Form 4: Bentley Systems Director and 10% Owner Sells 150,000 Shares Under Pre-Arranged Trading Plan

Keith A. Bentley, a Director and 10% Owner of Bentley Systems, Inc. (BSY), sold 150,000 shares of Class B Common Stock on July 7, 2025, pursuant to a Rule 10b5-1 trading plan.

Summary

• Keith A. Bentley, a Director and 10% Owner of Bentley Systems, Inc. (BSY), executed sales of Class B Common Stock.
• On July 7, 2025, Mr. Bentley sold 149,900 shares at a weighted average price of $55.5364 per share, with prices ranging from $55.00 to $55.99.
• Additionally, on the same date, 100 shares were sold at a price of $56.045 per share.
• The total number of shares sold was 150,000.
• These sales were conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Bentley on March 13, 2025.
• Following these transactions, Mr. Bentley directly beneficially owns 3,859,327 shares of Class B Common Stock.
• Indirect beneficial ownership includes 12,696,921 shares held by a Grantor Retained Annuity Trust, 100,000 shares by a spouse, and 92,654 shares by a 401(K) Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard regulatory filing reporting a pre-planned insider stock sale, which is a routine event and does not inherently indicate positive or negative company performance.

Positives

• The sales were executed under a pre-arranged Rule 10b5-1 trading plan, which indicates the transactions were scheduled in advance and not based on immediate, non-public information, enhancing transparency.

Negatives

• A significant insider sale, even if pre-planned, can sometimes be interpreted by the market as a signal, potentially leading to negative sentiment, although the 10b5-1 plan mitigates this concern.

Future Outlook

This Form 4 filing reports past transactions and does not provide any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: May observe the insider sale, but the existence of a 10b5-1 plan typically mitigates concerns about opportunistic selling, suggesting the transaction is for personal financial planning rather than a reflection of company prospects.

Key Dates

Keywords

Bentley Systems, BSY, Form 4, Insider Sale, Keith A. Bentley, 10b5-1 Plan, Beneficial Ownership, Stock Transaction