Form 4: Bentley Systems Director Raymond B. Bentley Disposes of 250,000 Class B Shares

Raymond B. Bentley, a director and 10% owner of Bentley Systems, disposed of 250,000 shares of Class B Common Stock on May 28, 2024.

Summary

• On May 28, 2024, Raymond B. Bentley, a director and 10% owner of Bentley Systems, disposed of 250,000 shares of Class B Common Stock.
• The transaction was coded as 'G' and the shares were disposed of at a price of $0.00.
• Following the transaction, Bentley directly owns 16,940,172 shares of Class B Common Stock.
• Bentley also indirectly owns 92,654 shares of Class B Common Stock through a 401(k) plan.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock disposal by a director. The impact on sentiment depends on the reasons for the disposal, which are not provided.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding 10% or more of a company's shares) buy or sell their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The disposal of shares by a director could be perceived negatively by shareholders if it signals a lack of confidence in the company's future prospects.

Key Dates