Form 4: Tenable Holdings Director Raymond Vicks Jr. Transfers Shares to Custodial Account

Raymond Vicks Jr., a director at Tenable Holdings, gifted 1,500 shares of common stock to a custodial account and disposed of 1,500 shares, both at $0 price.

Summary

• Raymond Vicks Jr., a director at Tenable Holdings, engaged in a transaction involving the company's common stock on November 14, 2024.
• He gifted 1,500 shares of common stock to a custodial account for his granddaughter, which he manages as custodian.
• Additionally, he disposed of 1,500 shares of common stock.
• Both transactions were recorded at a price of $0 per share.
• Following these transactions, Mr. Vicks directly owns 6,772 shares and indirectly owns 3,000 shares through the custodial account.

Sentiment

Score: 5

Explanation: The document is a neutral report of a share transfer, with no inherent positive or negative sentiment.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director, which is common in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and this transaction is consistent with typical reporting requirements.
• Similar transactions are regularly reported by directors and officers of other publicly listed companies.

Related Party Transactions

• The transfer of shares to a custodial account for the director's granddaughter is a related party transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of shares rather than a market sale.

Key Dates

Keywords

Tenable Holdings, Raymond Vicks Jr., Director, Share Transfer, Custodial Account, Form 4, Beneficial Ownership, Stock Gift