Barry J. Bentley - Oct 21, 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: Oct 21, 2024
Transactions value $: -$2,471,815
Form type: 4
Date filed: 10/23/2024, 04:15 PM
Previous filing: Oct 16, 2024
Next filing: Oct 30, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BSY	Class B Common Stock	Sale	-$2.47M	-50K	-0.41%	$49.44	12.1M	Oct 21, 2024	Direct	F1, F2
holding	BSY	Class B Common Stock						92.7K	Oct 21, 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 June 12, 2024.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on October 21, 2024 at prices ranging from $49.225 to $50.10. 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.

Content

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2024.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on October 21, 2024 at prices ranging from $49.225 to $50.10. 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.