Form 4: Tenable Holdings COO Sells 939 Shares Under 10b5-1 Trading Plan

Tenable Holdings' Chief Operating Officer, Mark C. Thurmond, sold 939 shares of common stock at $42.95 per share on November 27, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Mark C. Thurmond, the Chief Operating Officer of Tenable Holdings, Inc., sold 939 shares of common stock on November 27, 2024.
• The sale was executed at a price of $42.95 per share.
• This transaction was conducted under a pre-established Rule 10b5-1 trading plan.
• Following the transaction, Mr. Thurmond directly owns 38,046 shares of Tenable Holdings stock.

Sentiment

Score: 5

Explanation: The document reflects a routine insider transaction under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any recent material non-public information.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are common practice across the industry, including companies like CrowdStrike, Okta, and Zscaler.
• The volume of shares sold is relatively small compared to the total outstanding shares of Tenable Holdings, which is typical for routine executive sales.
• The price of $42.95 is within the normal trading range for Tenable Holdings stock at the time of the transaction.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors due to the small volume of shares sold and the pre-planned nature of the transaction.

Key Dates

Keywords

Tenable Holdings, insider trading, Form 4, stock sale, Rule 10b5-1, Mark C. Thurmond, executive transaction