Amit Yoran - May 19, 2022 Form 4 Insider Report for Tenable Holdings, Inc. (TENB)

Signature
/s/ David Bartholomew, Attorney-in-Fact
Stock symbol
TENB
Transactions as of
May 19, 2022
Transactions value $
-$959,958
Form type
4
Date filed
5/23/2022, 07:20 PM
Previous filing
May 18, 2022
Next filing
Jun 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TENB Common Stock Options Exercise $0 +14.6K +17.58% $0.00 97.3K May 19, 2022 Direct
transaction TENB Common Stock Sale -$300K -6.28K -6.45% $47.71 91K May 20, 2022 Direct F1
transaction TENB Common Stock Options Exercise $0 +13.2K +14.55% $0.00 104K May 20, 2022 Direct
transaction TENB Common Stock Options Exercise $36.6K +8.6K +8.25% $4.25 113K May 20, 2022 Direct
transaction TENB Common Stock Sale -$409K -8.5K -7.53% $48.14 104K May 20, 2022 Direct F2, F3
transaction TENB Common Stock Sale -$4.86K -100 -0.1% $48.58 104K May 20, 2022 Direct F2
transaction TENB Common Stock Sale -$283K -5.91K -5.67% $47.85 98.4K May 23, 2022 Direct F1
holding TENB Common Stock 362K May 19, 2022 By Grantor Retained Annuity Trust F4
holding TENB Common Stock 246K May 19, 2022 By Trust F5
holding TENB Common Stock 180K May 19, 2022 By Grantor Retained Annuity Trust F6

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 TENB Restricted Stock Units Options Exercise $0 -14.6K -12.5% $0.00 102K May 19, 2022 Common Stock 14.6K Direct F7, F8
transaction TENB Restricted Stock Units Options Exercise $0 -13.2K -25% $0.00 39.7K May 20, 2022 Common Stock 13.2K Direct F7, F9
transaction TENB Employee Stock Option (right to buy) Options Exercise $0 -8.6K -0.43% $0.00 2.01M May 20, 2022 Common Stock 8.6K $4.25 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. The sale occurred automatically to satisfy the tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.58 - $48.50, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 footnotes (3) and (4) to this Form 4.
F4 The Trustee of the Amit Yoran GRAT A is Amit Yoran.
F5 The Trustees of the Amit Yoran 2020 Family Trust are Dov Yoran and David Redling.
F6 The Trustee of the Amit Yoran GRAT B is Amit Yoran.
F7 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock.
F8 25% of the shares underlying the RSUs vested on February 19, 2021, with the remainder vesting in equal quarterly installments over 3 years, subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date, and subject to accelerated vesting in specified circumstances.
F9 On February 20, 2020, 25% of the shares underlying the RSUs granted on February 20, 2019 vested, and the remainder vest in equal quarterly installments over three years, subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date, and subject to acceleration in specified circumstances.
F10 100% of the shares underlying the option were vested as of January 1, 2021.