Form 4: Bentley Systems Executive Chair Gregory S. Bentley Reports Significant Share Transactions

Bentley Systems Executive Chair and President Gregory S. Bentley reported the acquisition of dividend equivalent rights and the gifting of a substantial number of Class B Common Stock shares.

Summary

• Gregory S. Bentley, who serves as Director, 10% Owner, and Executive Chair & President of Bentley Systems, Inc. (BSY), filed a Form 4 detailing changes in his beneficial ownership.
• On June 12, 2025, Mr. Bentley acquired 3,330 shares of Class B Common Stock at a price of $0.00, which represent dividend equivalent rights that vest on the same terms as the underlying awards.
• On the same date, Mr. Bentley disposed of 148,000 shares of Class B Common Stock through a direct gift at a price of $0.00.
• Additionally, 137,512 shares of Class B Common Stock were disposed of indirectly by his spouse through a gift at a price of $0.00.
• Following these transactions, Mr. Bentley directly beneficially owns 7,610,004 shares of Class B Common Stock.
• Indirect beneficial ownership includes 29,155 shares held by his spouse and 92,654 shares held in a 401(K) Plan.

Sentiment

Score: 5

Explanation: The document is a factual report of insider stock transactions, which are generally neutral in sentiment regarding the company's operational performance. The gifting of shares is a personal financial decision and does not inherently reflect positively or negatively on the company's business outlook.

Positives

• The acquisition of 3,330 shares of Class B Common Stock represents dividend equivalent rights, indicating ongoing benefits accruing from previously granted awards.

Negatives

• A total of 285,512 shares of Class B Common Stock were disposed of through gifts (148,000 directly and 137,512 indirectly by spouse), reducing the overall beneficial ownership of the Executive Chair.

Future Outlook

This Form 4 filing is a factual report of insider stock transactions and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of an insider's personal stock transactions and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The disposal of 137,512 shares of Class B Common Stock indirectly by the reporting person's spouse constitutes a transaction involving a related party, specifically a gift.

Stakeholder Impact

• Shareholders: The gifting of shares by a key executive reduces their direct and indirect beneficial ownership, which is a personal financial decision and typically has minimal direct impact on other shareholders.
• Employees, Customers, Suppliers, Creditors: This filing is a personal stock transaction report and has no direct impact on these stakeholder groups.

Key Dates

Keywords

Bentley Systems, BSY, Form 4, insider trading, beneficial ownership, stock transactions, Gregory S. Bentley, executive chair, 10% owner, dividend equivalent rights, share gifting