Form 4: Bentley Systems Director and 10% Owner Sells Over 628,000 Class B Shares Under Pre-Arranged Trading Plan

Raymond B. Bentley, a Director and 10% Owner of Bentley Systems, Inc. (BSY), sold a total of 628,197 shares of Class B Common Stock in mid-June 2025 under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Raymond B. Bentley, a Director and 10% Owner of Bentley Systems, Inc. (BSY), disposed of 628,197 shares of Class B Common Stock across two transactions in June 2025.
• On June 16, 2025, Mr. Bentley sold 355,103 shares at a weighted average price of $49.9633 per share, with prices ranging from $49.33 to $50.145.
• On June 17, 2025, an additional 273,094 shares were sold at a weighted average price of $50.3038 per share, with prices ranging from $49.805 to $50.52.
• These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Bentley on March 13, 2025.
• Following these transactions, Raymond B. Bentley beneficially owns 15,719,227 shares of Class B Common Stock directly and 92,654 shares indirectly through a 401(K) Plan.

Sentiment

Score: 6

Explanation: The sale of a significant number of shares by a director and 10% owner is generally viewed negatively. However, the execution under a pre-arranged Rule 10b5-1 trading plan mitigates the negative sentiment by indicating the sale was not based on immediate, non-public information, making it a more neutral event.

Positives

• The sales were conducted under a Rule 10b5-1 trading plan, adopted on March 13, 2025, which indicates the transactions were pre-scheduled and not based on immediate, non-public information.

Negatives

• A significant sale of 628,197 shares by a Director and 10% Owner could be perceived by some investors as a lack of confidence in the company's near-term prospects, despite the 10b5-1 plan.

Risks

• Potential negative investor sentiment or market reaction due to a large insider sale, even if pre-planned.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May interpret the insider sale as a signal, potentially influencing their investment decisions, though the 10b5-1 plan provides transparency.

Key Dates

Keywords

Bentley Systems, BSY, Form 4, Insider Sale, Raymond B. Bentley, 10b5-1 Plan, Stock Transaction, Director Sale, 10% Owner