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

Director Barry J. Bentley sold 50,000 shares of Bentley Systems Inc. on October 21, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Barry J. Bentley, a director and 10% owner of Bentley Systems Inc., sold 50,000 shares of Class B Common Stock on October 21, 2024.
• The sale was executed at a weighted average price of $49.4363 per share, with individual prices ranging from $49.225 to $50.10.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on June 12, 2024.
• Following the transaction, Bentley directly owns 12,098,235 shares of Class B Common Stock and indirectly owns 92,654 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects a routine transaction under a pre-arranged trading plan. It doesn't inherently indicate positive or negative views on the company's future.

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. The market typically assesses the size and frequency of such sales to gauge potential impact.

Stakeholder Impact

• The sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the pre-planned nature of the sale mitigates this risk.

Key Dates