Form 4: Bentley Systems Inc. Chief Revenue Officer Ballard Brock Sells Shares
SEC Form 4 Filing
Chief Revenue Officer Ballard Brock of Bentley Systems Inc. executed sales of Class B Common Stock on March 3, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Ballard Brock, Chief Revenue Officer of Bentley Systems Inc., sold shares of Class B Common Stock on March 3, 2025.
- The sales were executed under a Rule 10b5-1 trading plan adopted on November 19, 2024.
- A total of 6,136 shares were sold at a weighted average price of $43.1301, with individual prices ranging from $42.56 to $43.5599.
- An additional 1,548 shares were sold at a weighted average price of $43.7824, with individual prices ranging from $43.60 to $44.5999.
- Following these transactions, Ballard Brock directly owns 65,642 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock sales by an executive, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
Key Dates
| Date | Description |
|---|---|
| 2024-11-19 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-03-03 | Date of stock sale transactions |
| 2025-03-05 | Date of Form 4 filing |
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