Form 4: SentinelOne CFO David J. Bernhardt Sells Shares Under 10b5-1 Trading Plan

SentinelOne's Chief Financial Officer, David J. Bernhardt, sold 11,222 shares of Class A Common Stock at an average price of $21.3981 under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On September 11, 2024, David J. Bernhardt, the Chief Financial Officer of SentinelOne, Inc., sold 11,222 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $21.3981 per share, with individual prices ranging from $21.29 to $21.53.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 7, 2023.
• Following the transaction, Bernhardt directly owns 477,781 shares of SentinelOne's Class A Common Stock, some of which are subject to forfeiture if vesting conditions are not met.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. It is important to note that the sale was executed under a pre-arranged 10b5-1 trading plan, which is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• Executive stock sales are common across the tech industry.
• Companies like CrowdStrike, Palo Alto Networks, and Okta also see regular stock transactions by their executives.
• The use of 10b5-1 trading plans is a standard practice to ensure compliance with insider trading regulations.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but the pre-arranged nature of the sale mitigates concerns about insider trading.
• The sale does not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates