TENB.NASDAQTenable Holdings, INC

Form 4: Tenable Accounting Officer Sells Shares for Tax Obligations

Sentiment:

Insider Transaction Report

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Tenable Holdings' Principal Accounting Officer, Barron Anschutz, sold 670 shares of common stock to cover tax withholding obligations related to RSU vesting.

Summary

  • Barron Anschutz, Principal Accounting Officer of Tenable Holdings, Inc. (TENB), reported a sale of common stock.
  • The transaction occurred on August 26, 2025.
  • A total of 670 shares of common stock were sold at a price of $29.84 per share.
  • Following this transaction, Anschutz beneficially owns 60,365 shares of Tenable Holdings common stock.
  • The sale was a "sell to cover" transaction, specifically to satisfy tax withholding obligations arising from the vesting of restricted stock units, and was not a discretionary trade.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' for tax obligations related to RSU vesting, not indicative of discretionary insider selling or a change in sentiment towards the company.

Management Comments

  • The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units.
  • The sale occurred automatically to satisfy the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.

Stakeholder Impact

  • Shareholders: Minimal direct impact as the sale is non-discretionary and for tax purposes, not signaling a change in insider confidence.

Key Dates

DateDescription
08/26/2025Date of common stock transaction by Barron Anschutz.
08/27/2025Date the Form 4 was signed by David Bartholomew, Attorney-in-Fact.

Recommendation

hold

The reported transaction is a non-discretionary 'sell to cover' to satisfy tax obligations from RSU vesting, which is a routine event for executives. It does not reflect a change in the reporting person's investment conviction or the company's fundamentals, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Tenable Holdings, TENB, Form 4, insider trading, stock sale, restricted stock units, RSU, tax withholding, sell to cover, Barron Anschutz, Principal Accounting Officer

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