Form 4: Bentley Systems Director Gifts 250,000 Class B Shares

Raymond B. Bentley, a Director and 10% owner of Bentley Systems, gifted 250,000 shares of Class B Common Stock on March 12, 2026.

Summary

• Raymond B. Bentley, a Director and 10% owner of Bentley Systems, Inc. (BSY), reported a transaction involving Class B Common Stock.
• On March 12, 2026, Mr. Bentley disposed of 250,000 shares of Class B Common Stock as a gift (Transaction Code 'G') at a price of $0 per share.
• Following this transaction, Mr. Bentley directly beneficially owns 14,810,613 shares of Class B Common Stock.
• Additionally, he indirectly beneficially owns 125,000 shares through his spouse and 92,654 shares through a 401(K) Plan.
• The filing indicates the transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. While it reduces direct insider ownership, the transaction is a gift, not a sale, and typically relates to personal financial planning rather than a change in company outlook.

Positives

• The transaction is a gift, not a sale, which typically does not reflect a negative outlook on the company's future performance.

Negatives

• The direct beneficial ownership of Class B Common Stock by a key insider decreased by 250,000 shares.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

StockSavvy.ai notes that insider gifts, while reducing direct ownership, are often for estate planning or philanthropic purposes and typically do not signal a change in management's view of the company's fundamentals, unlike open market sales.

Related Party Transactions

• The disposition of 250,000 shares of Class B Common Stock was a gift, which could be considered a related party transaction depending on the recipient, though the filing does not specify the recipient.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but the nature of the transaction (gift) suggests it is not a reflection of management's view on company performance.
• Recipient of the gift: Positive impact.

Key Dates

Recommendation

This Form 4 reports a gift of shares, not a sale, by a director and 10% owner. Such transactions are typically for personal estate planning or philanthropy and do not usually indicate a change in the company's fundamental prospects. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

BSY, Bentley Systems, Form 4, insider transaction, stock gift, Raymond B. Bentley