Form 4: Tenable Holdings Principal Accounting Officer Sells Shares to Cover Tax Obligations

Barron Anschutz, Principal Accounting Officer at Tenable Holdings, Inc., sold 655 shares of common stock for tax withholding purposes related to restricted stock unit vesting.

Summary

• Barron Anschutz, the Principal Accounting Officer of Tenable Holdings, Inc. (TENB), reported a sale of 655 shares of common stock.
• The transaction occurred on May 27, 2025, at a price of $32.45 per share.
• The sale was a 'sell to cover' transaction, specifically executed to satisfy tax withholding obligations arising from the vesting of restricted stock units.
• This was not a discretionary trade by Mr. Anschutz but an automatic sale to fund tax liabilities.
• Following this transaction, Mr. Anschutz beneficially owns 57,250 shares of Tenable Holdings common stock.

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 reflect a positive or negative discretionary decision by the insider regarding the company's prospects.

Management Comments

• The sale reported 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 filing is a routine insider transaction report (Form 4) detailing a non-discretionary sale of shares by a company officer. Such 'sell to cover' transactions are common across all industries when restricted stock units or other equity awards vest, as they are a standard mechanism for employees to meet tax liabilities without needing to use personal funds.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, non-discretionary sale for tax purposes, not indicative of a change in management's confidence or outlook.

Key Dates

Keywords

Tenable Holdings, TENB, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, RSU, Tax Withholding, Principal Accounting Officer