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

Director Barry J. Bentley sold 50,000 shares of Bentley Systems Inc. (BSY) Class B Common Stock on September 11, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Barry J. Bentley, a director and 10% owner of Bentley Systems Inc. (BSY), sold 50,000 shares of Class B Common Stock on September 11, 2024.
• The sales were executed at a weighted average price of $48.1123 per share, with individual prices ranging from $48.00 to $48.40.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on June 12, 2024.
• Following the transaction, Bentley directly owns 12,398,230 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 the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect a change in the director's view of the company's prospects.

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 alignment or misalignment of interests between management and shareholders. It is important to note that the sale was conducted under a pre-arranged 10b5-1 trading plan.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates this concern.

Key Dates