David R. Shaman - 03 Jul 2025 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
03 Jul 2025
Net transactions value
-$1,053,208
Form type
4
Filing time
08 Jul 2025, 16:15:13 UTC
Previous filing
16 Jun 2025
Next filing
10 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Shaman David R. Chief Legal Officer C/O BENTLEY SYSTEMS, INCORPORATED, 685 STOCKTON DRIVE, EXTON /s/ Michael T. Fischette, Attorney-in-Fact 08 Jul 2025 0001825193

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSY Class B Common Stock Sale $1,053,208 -19,156 -2.8% $54.98 670,558 03 Jul 2025 Direct F1, F2, F3
holding BSY Class B Common Stock 279,308 03 Jul 2025 By Grantor Retained Annuity Trusts
holding BSY Class B Common Stock 32,635 03 Jul 2025 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 December 12, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on July 3, 2025 at prices ranging from $54.92 to $55.01. 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 Includes shares of Class B Common Stock acquired by the Reporting Person through the Bentley Systems, Incorporated Global Employee Stock Purchase Plan for an offering period ended on June 30, 2025 for which the Reporting Person's enrollment and contribution elections were made in December 2024.