Form 4: Bentley Systems Director and 10% Owner Sells Over 370,000 Shares Under Pre-Arranged Trading Plan

Raymond B. Bentley, a Director and 10% Owner of Bentley Systems, Inc. (BSY), has reported the sale of 371,803 shares of Class B Common Stock in multiple transactions in mid-June 2025, executed under a Rule 10b5-1 trading plan.

Summary

• Raymond B. Bentley, a Director and 10% Owner of Bentley Systems, Inc. (BSY), reported the sale of Class B Common Stock.
• On June 18, 2025, Mr. Bentley sold 247,289 shares at a weighted average price of $50.6432 per share, with prices ranging from $49.96 to $50.96.
• Also on June 18, 2025, an additional 2,400 shares were sold at a weighted average price of $50.9806 per share, with prices ranging from $50.97 to $50.985.
• On June 20, 2025, Mr. Bentley sold 122,114 shares at a weighted average price of $50.6995 per share, with prices ranging from $50.375 to $51.16.
• All reported sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Bentley on March 13, 2025.
• Following these transactions, Mr. Bentley's direct beneficial ownership of Class B Common Stock stands at 15,347,424 shares.
• Additionally, Mr. Bentley indirectly beneficially owns 92,654 shares through a 401(K) Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the fact that these sales were conducted under a pre-arranged Rule 10b5-1 trading plan mitigates concerns about opportunistic selling, suggesting a planned financial diversification rather than a reaction to adverse company-specific news.

Positives

• The sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which indicates a planned and transparent approach to insider stock transactions, reducing concerns about opportunistic selling.

Negatives

• A significant number of shares (371,803) were sold by a key insider (Director and 10% Owner), which could be perceived negatively by some investors, despite being pre-planned.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a standard insider transaction report and does not provide information directly related to broader industry trends or competitive landscape. It reflects an individual's planned stock disposition.

Stakeholder Impact

• Shareholders: May observe a decrease in insider ownership, which could be interpreted differently depending on individual investment philosophies. The 10b5-1 plan provides transparency and suggests a pre-planned financial move rather than a lack of confidence in the company.

Key Dates

Keywords

Bentley Systems, BSY, Form 4, Insider Trading, Stock Sale, Director, 10% Owner, Rule 10b5-1, Equity Transaction