David R. Shaman - 18 May 2023 Form 4 Insider Report for BENTLEY SYSTEMS INC (BSY)

Role
Chief Legal Officer
Signature
/s/ Michael T. Fischette, Attorney-in-Fact
Issuer symbol
BSY
Transactions as of
18 May 2023
Net transactions value
-$2,074,296
Form type
4
Filing time
22 May 2023, 16:15:36 UTC
Previous filing
11 May 2023
Next filing
22 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSY Class B Common Stock Options Exercise $451,721 +85,150 +15% $5.30 653,949 18 May 2023 Direct
transaction BSY Class B Common Stock Tax liability $1,974,289 -42,531 -6.5% $46.42 611,418 18 May 2023 Direct F1
transaction BSY Class B Common Stock Options Exercise $99,999 +18,850 +3.1% $5.30 630,268 18 May 2023 Direct
transaction BSY Class B Common Stock Tax liability $100,007 -2,147 -0.34% $46.58 628,121 18 May 2023 Direct F2
holding BSY Class B Common Stock 320,000 18 May 2023 By Grantor Retained Annuity Trusts
holding BSY Class B Common Stock 32,635 18 May 2023 By 401(K) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BSY Stock Options (Right to Buy) Options Exercise $451,721 -85,150 -82% $5.30 18,850 18 May 2023 Class B Common Stock 85,150 $5.30 Direct F3
transaction BSY Stock Options (Right to Buy) Options Exercise $99,999 -18,850 -100% $5.30 0 18 May 2023 Class B Common Stock 18,850 $5.30 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer to cover the exercise price and taxes in connection with a cashless exercise of stock options by the Reporting Person.
F2 Represents the number of shares of Class B Common Stock owned by the Reporting Person and relinquished to the Issuer to cover the exercise price of options exercised via a stock swap exercise method.
F3 These options were fully vested, and, following the exercises on May 18, 2023, have been exercised in full.