SCHEDULE 13G/A: Corinne Patricia Bentley Updates Significant Stake in Bentley Systems Class B Common Stock

Corinne Patricia Bentley has filed an amended Schedule 13G, disclosing a beneficial ownership of 46,581,514 shares, representing 16% of Bentley Systems Inc.'s Class B Common Stock as of March 31, 2025.

Summary

• Corinne Patricia Bentley beneficially owns 46,581,514 shares of Bentley Systems Inc. Class B Common Stock.
• This ownership represents 16% of the outstanding Class B Common Stock, calculated based on 291,190,420 Class B shares outstanding as of March 31, 2025.
• Her beneficial ownership includes 100,000 shares held individually, 1,106,368 shares held jointly with her spouse, 12,696,921 shares held through a grantor retained annuity trust, and 32,678,225 shares held by 21 family trusts.
• Corinne Patricia Bentley holds sole voting and dispositive power over 45,475,146 shares and shared voting and dispositive power over 1,106,368 shares.
• After accounting for both Class A and Class B common stock, and the 29-to-1 voting power of Class A shares, her combined voting power is 7.4% and dispositive power is 15.4% of the Issuer's total common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing (Schedule 13G/A) disclosing beneficial ownership, which is neither inherently positive nor negative for the company's operations or financial performance. It simply updates the public record on a significant insider's stake.

Industry Context

This Schedule 13G/A filing is a routine regulatory disclosure of beneficial ownership by a significant shareholder and does not provide broader industry context or trends.

Related Party Transactions

• Corinne Patricia Bentley holds 1,106,368 shares of Class B common stock jointly with her spouse.
• 12,696,921 shares of Class B common stock are held through a grantor retained annuity trust where the Reporting Person is trustee and her spouse is entitled to annuity payments.
• 32,678,225 shares of Class B common stock are held directly by 21 family trusts of which the Reporting Person is trustee.

Stakeholder Impact

• Shareholders: Provides transparency regarding the beneficial ownership stake of a significant insider, Corinne Patricia Bentley, in the company's Class B common stock.

Key Dates

Keywords

Bentley Systems Inc., Class B Common Stock, Schedule 13G, Beneficial Ownership, Corinne Patricia Bentley, SEC Filing, Insider Ownership, Voting Power, Dispositive Power, Family Trusts