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

Director Barry J. Bentley sold 50,000 shares of Bentley Systems Inc. Class B Common Stock on October 28, 2024, at an average price of $48.9507.

Summary

• Barry J. Bentley, a director and 10% owner of Bentley Systems Inc., sold 50,000 shares of Class B Common Stock on October 28, 2024.
• The shares were sold at a weighted average price of $48.9507, with individual prices ranging from $48.74 to $49.55.
• Following the transaction, Bentley directly owns 12,048,235 shares and indirectly owns 92,654 shares through a 401(k) plan.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on June 12, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information, resulting in a neutral sentiment.

Industry Context

Insider sales are common and can be for various reasons, including diversification or personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates