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 September 16, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 16, 2024, Barry J. Bentley, a director and 10% owner of Bentley Systems Inc. (BSY), sold 50,000 shares of Class B Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on June 12, 2024.
• The shares were sold at a weighted average price of $49.2811, with individual transactions ranging from $49.00 to $49.62.
• Following the transaction, Bentley directly owns 12,348,230 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 simply reports a transaction. The sale was pre-planned under a 10b5-1 plan, mitigating concerns about negative insider sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company insiders, allowing investors to monitor potential shifts in ownership and sentiment.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates