Form 4: Tenable Holdings CEO Amit Yoran Sells Shares to Cover Tax Obligations

Tenable Holdings CEO Amit Yoran sold 5,673 shares of common stock on August 26, 2024, to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• On August 26, 2024, Amit Yoran, the President, CEO, and Chairman of Tenable Holdings, Inc., sold 5,673 shares of common stock at a price of $41.75 per share.
• The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
• Following the transaction, Yoran directly owns 39,309 shares of Tenable Holdings, Inc.
• Yoran also indirectly owns shares through several trusts: 318,043 shares through the Amit Yoran GRAT A, 157,331 shares through the Amit Yoran GRAT B, 245,947 shares through the Amit Yoran 2020 Family Trust, and 367,384 shares through the Amit Yoran GRAT C.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to a routine stock sale for tax purposes and doesn't indicate any fundamental change in the company's prospects or management's confidence.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale appears to be related to tax obligations, which is a common occurrence when restricted stock units vest.

Stakeholder Impact

• The sale of shares by a key executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates