Keith A. Bentley - Mar 7, 2024 Form 4 Insider Report for BENTLEY SYSTEMS INC (BSY)

Role
Director, 10%+ Owner
Signature
/s/ Michael T. Fischette, Attorney-in-Fact
Stock symbol
BSY
Transactions as of
Mar 7, 2024
Transactions value $
-$4,400,439
Form type
4
Date filed
3/11/2024, 05:10 PM
Previous filing
Mar 7, 2024
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSY Class B Common Stock Sale -$4.33M -87.6K -0.51% $49.47 17.2M Mar 7, 2024 Direct F1, F2
transaction BSY Class B Common Stock Sale -$68.2K -1.36K -0.01% $50.30 17.2M Mar 7, 2024 Direct F1, F3
holding BSY Class B Common Stock 100K Mar 7, 2024 By spouse
holding BSY Class B Common Stock 92.7K Mar 7, 2024 By 401(K) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 8, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on March 7, 2024 at prices ranging from $49.09 to $50.03. The reporting person undertakes to provide to Bentley Systems, Incorporated, any security holder of Bentley Systems, Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on March 7, 2024 at prices ranging from $50.15 to $50.45. The reporting person undertakes to provide to Bentley Systems, Incorporated, any security holder of Bentley Systems, Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.