Richard P. Bentley - Jun 14, 2021 Form 4 Insider Report for BENTLEY SYSTEMS INC (BSY)

Role: 10%+ Owner
Signature: /s/ Walter J. Mostek
Stock symbol: BSY
Transactions as of: Jun 14, 2021
Transactions value $: -$3,191,113
Form type: 4
Date filed: 6/16/2021, 09:23 AM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BSY	Class B Common Stock	Sale	-$317K	-5K	-0.98%	$63.43	504K	Jun 14, 2021	Direct	F1
transaction	BSY	Class B Common Stock	Sale	-$2.87M	-45K	-8.92%	$63.87	459K	Jun 15, 2021	Direct	F1

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
holding	BSY	Class A Common Stock						1M	Jun 14, 2021	Class B Common Stock	1M		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on June 14, 2021 at a price of $63.4250, and on June 15, 2021 at a price of $63.8664. 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.
F2	Each share of Class A common stock of the Issuer ("Class A Common Stock") is entitled to 29 votes per share and is convertible at any time into one share of the Issuer's Class B Common Stock. Shares of Class A Common Stock will automatically convert into shares of Class B Common Stock upon certain transfers described in the Issuer's Amended and Restated Certificate of Incorporation.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on June 14, 2021 at a price of $63.4250, and on June 15, 2021 at a price of $63.8664. 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.

Each share of Class A common stock of the Issuer ("Class A Common Stock") is entitled to 29 votes per share and is convertible at any time into one share of the Issuer's Class B Common Stock. Shares of Class A Common Stock will automatically convert into shares of Class B Common Stock upon certain transfers described in the Issuer's Amended and Restated Certificate of Incorporation.