Form 4: Bentley Systems Director Barry J. Bentley Executes Stock Sales Under 10b5-1 Plan

Director Barry J. Bentley sold shares of Bentley Systems Inc. (BSY) Class B Common Stock on October 7th and 8th, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Barry J. Bentley, a director and 10% owner of Bentley Systems Inc. (BSY), reported the sale of Class B Common Stock on October 7 and October 8, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on June 12, 2024.
• On October 7, 2024, 34,987 shares were sold at a weighted average price of $48.3687, with individual prices ranging from $48.00 to $48.655.
• On October 8, 2024, 15,013 shares were sold at a weighted average price of $48.0575, with individual prices ranging from $48.00 to $48.19.
• Following these transactions, Bentley directly owns 12,198,235 shares of Class B Common Stock and indirectly owns 92,654 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider stock sales under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Sales by insiders are a common occurrence and are often planned in advance, especially through Rule 10b5-1 plans. The market typically views these sales in the context of the overall holdings of the insider and the reasons behind the pre-arranged plan.

Comparison to Industry Standards

• Insider sales are a normal part of corporate governance.
• Rule 10b5-1 plans are a common method used by corporate insiders to sell shares without being accused of trading on non-public information.
• The volume of shares sold is relatively small compared to the total shares held by Bentley.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• However, given the pre-planned nature of the sales and the relatively small volume compared to Bentley's total shares outstanding, the impact is likely to be minimal.

Key Dates