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 $20.8784 on May 9, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 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 $20.8784 per share, with individual prices ranging from $20.78 to $20.92.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 7, 2023.
• Following the transaction, Bernhardt still beneficially owns 528,359 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 Form 4 filing, indicating a routine stock sale by an executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. Investors often monitor these sales to understand management's perspective on the company's valuation and future prospects. Sales under 10b5-1 plans are less likely to be indicative of management sentiment, as these plans are pre-arranged.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
• The sale does not directly impact employees, customers, suppliers, or creditors.

Key Dates