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

David J. Bernhardt, CFO of SentinelOne, Inc., sold 11,221 shares of Class A Common Stock at a weighted average price of $22.7567 on March 19, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 19, 2024, David J. Bernhardt, the Chief Financial Officer of SentinelOne, Inc., sold 11,221 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $22.7567 per share.
• The transactions were carried out under a Rule 10b5-1 trading plan adopted on September 7, 2023.
• Following the reported transaction, Bernhardt directly owns 535,011 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 sentiment is neutral as the transaction was conducted under a pre-arranged trading plan. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information. However, investors often monitor insider activity for signals about a company's prospects.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates