Form 4: Tenable Holdings Co-CEO Sells Shares to Cover Tax Obligations

Tenable Holdings, Inc. Co-Chief Executive Officer Mark C. Thurmond reported the sale of 2,483 shares of common stock at $32.45 per share to satisfy tax withholding obligations related to restricted stock unit vesting.

Summary

• Mark C. Thurmond, Co-Chief Executive Officer and Director of Tenable Holdings, Inc. (TENB), reported a transaction on May 27, 2025.
• The transaction involved the disposition of 2,483 shares of Common Stock.
• The shares were sold at a price of $32.45 per share.
• Following this transaction, Mr. Thurmond beneficially owns 72,727 shares of Common Stock directly.
• The sale was explicitly stated as a 'sell to cover' transaction, executed automatically to satisfy tax withholding obligations upon the vesting of restricted stock units, and was not a discretionary trade.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a non-discretionary 'sell to cover' for tax purposes, which is a routine event and does not indicate a change in management's view of the company's prospects.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

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."

Industry Context

This specific Form 4 filing details a routine insider transaction for tax purposes and does not provide broader industry context or trends. Such 'sell to cover' transactions are common across all industries when executive compensation includes restricted stock units.

Stakeholder Impact

• Shareholders: The sale is a routine tax-related transaction and is unlikely to have a significant impact on shareholder perception or the company's fundamentals. It does not signal a lack of confidence from management.

Key Dates

Keywords

Tenable Holdings, TENB, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, Tax Withholding, Mark C. Thurmond, Co-CEO