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

David J. Bernhardt, CFO of SentinelOne, Inc., sold 4,021 shares of Class A Common Stock at an average price of $21.3233 on August 9, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On August 9, 2024, David J. Bernhardt, the Chief Financial Officer of SentinelOne, Inc., sold 4,021 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $21.3233 per share, with individual prices ranging from $21.26 to $21.42.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 7, 2023.
• Following the transaction, Bernhardt still beneficially owns 500,064 shares of SentinelOne stock, some of which are subject to forfeiture if vesting conditions are not met.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect a change in the CFO's outlook on the company. It's a routine transaction.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned through Rule 10b5-1 trading plans to avoid accusations of trading on inside information. The market typically views these sales in the context of the overall insider ownership and the reasons behind the sale.

Stakeholder Impact

• The sale of shares by a high-ranking executive could cause short-term uncertainty among shareholders.
• However, the existence of a 10b5-1 trading plan mitigates concerns about insider trading and suggests the sale was pre-planned.

Key Dates