Form 4: Bentley Systems Director Raymond B. Bentley Sells Shares Under 10b5-1 Plan

Raymond B. Bentley, a director and 10% owner of Bentley Systems, sold shares of Class B Common Stock on September 5th and 6th, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Raymond B. Bentley, a director and 10% owner of Bentley Systems, sold shares of Class B Common Stock on September 5th and 6th, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on May 23, 2024.
• On September 5, 2024, he sold 83,836 shares at a weighted average price of $48.4009 and 3,561 shares at a weighted average price of $48.7535.
• On September 6, 2024, he sold 65,486 shares at a weighted average price of $48.2424 and 10 shares at $48.95.
• Following these transactions, Raymond B. Bentley directly owns 16,341,504 shares of Class B Common Stock.
• He also indirectly owns 92,654 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing simply reports transactions under a pre-existing trading plan. No indication of positive or negative outlook.

Risks

• Large sales by insiders can sometimes be perceived negatively by the market, potentially putting downward pressure on the stock price.

Future Outlook

The reporting person may continue to sell shares under the Rule 10b5-1 trading plan.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sales could potentially influence the share price, impacting shareholders.

Key Dates