Form 4: Bentley Systems Executive Chair Gregory S. Bentley Reports Share Transfers in Latest SEC Filing

Gregory S. Bentley, Executive Chair and President of Bentley Systems, Inc., filed a Form 4 detailing the transfer of Class B Common Stock, including a gift to his spouse.

Summary

• Gregory S. Bentley, who serves as Executive Chair & President, Director, and a 10% Owner of Bentley Systems, Inc. (BSY), filed a Form 4 reporting changes in his beneficial ownership.
• On June 2, 2025, Mr. Bentley disposed of 671 shares of Class B Common Stock via a gift transaction at a price of $0.00.
• Additionally, on June 2, 2025, he transferred 29,155 shares of Class B Common Stock to his spouse, also at a price of $0.00.
• Following these transactions, Mr. Bentley's direct beneficial ownership of Class B Common Stock stands at 7,755,180 shares.
• The 29,155 shares transferred to his spouse are now reflected as indirectly owned by Mr. Bentley through his spouse, contributing to an indirect holding of 166,667 shares by spouse.
• Mr. Bentley also indirectly beneficially owns 92,654 shares of Class B Common Stock through a 401(K) Plan.

Sentiment

Score: 5

Explanation: The document is a standard Form 4 filing reporting routine insider share transfers (gifts), which typically has a neutral sentiment as it does not reflect operational performance or strategic shifts.

Future Outlook

N/A

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in beneficial ownership and does not provide broader industry context or trends.

Related Party Transactions

• The transfer of 29,155 shares of Class B Common Stock from Gregory S. Bentley to his spouse constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine insider ownership disclosure involving gifts/transfers, not a sale into the open market that would affect liquidity or price significantly.
• Employees, Customers, Suppliers, Creditors: No direct impact from this ownership change.

Key Dates

Keywords

Bentley Systems, BSY, Form 4, Insider Transaction, Share Ownership, Gregory S. Bentley, Class B Common Stock, Beneficial Ownership