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

Tenable Holdings' Chief Operating Officer, Mark C. Thurmond, sold 823 shares of common stock at $40.71 per share on November 20, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Mark C. Thurmond, the Chief Operating Officer of Tenable Holdings, Inc., sold 823 shares of common stock on November 20, 2024.
• The sale was executed at a price of $40.71 per share.
• This transaction was conducted under a pre-established Rule 10b5-1 trading plan.
• Following the transaction, Mr. Thurmond directly owns 34,657 shares of Tenable Holdings common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing regarding an executive's stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

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 specific non-public information.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are a common practice across publicly traded companies, including those in the technology sector like Tenable.
• Similar filings are regularly seen from executives at companies like CrowdStrike, Palo Alto Networks, and Zscaler, which are also in the cybersecurity space.
• The volume of shares sold is relatively small compared to the total outstanding shares of Tenable, which is typical for routine executive sales.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan suggests it is not based on any inside information.

Key Dates

Keywords

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