Form 4: Bentley Systems Director Barry J. Bentley Sells 50,000 Shares

Director Barry J. Bentley executed a sale of 50,000 shares of Bentley Systems Inc. Class B Common Stock on November 4, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On November 4, 2024, Barry J. Bentley, a director and 10% owner of Bentley Systems Inc. (BSY), sold 50,000 shares of Class B Common Stock.
• The sale was executed at a weighted average price of $48.7963 per share, with individual transactions ranging from $48.275 to $48.86.
• The transaction was conducted under a pre-existing Rule 10b5-1 trading plan adopted on June 12, 2024.
• Following the transaction, Bentley directly owns 11,998,235 shares and indirectly owns 92,654 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a Rule 10b5-1 trading plan and doesn't necessarily indicate a change in the director's confidence in the company.

Industry Context

Insider sales are a common occurrence and are often viewed in the context of pre-planned trading activities, especially when executed under Rule 10b5-1 plans. It's important to consider the size of the sale relative to the insider's total holdings and the overall trading volume of the stock.

Stakeholder Impact

• The sale could have a minor impact on shareholder sentiment, depending on how it's perceived by the market.
• The impact on employees, customers, suppliers, and creditors is likely to be negligible.

Key Dates