Amit Yoran - 31 Mar 2023 Form 4 Insider Report for Tenable Holdings, Inc. (TENB)

Role
President, CEO and Chairman, Director
Signature
/s/ David Bartholomew, Attorney-in-Fact
Issuer symbol
TENB
Transactions as of
31 Mar 2023
Net transactions value
-$782,135
Form type
4
Filing time
04 Apr 2023, 16:32:28 UTC
Previous filing
28 Feb 2023
Next filing
10 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TENB Common Stock Options Exercise $76,644 +18,034 +8.8% $4.25 222,291 31 Mar 2023 Direct
transaction TENB Common Stock Sale $858,779 -18,034 -8.1% $47.62 204,257 31 Mar 2023 Direct F1, F2
holding TENB Common Stock 350,270 31 Mar 2023 By Grantor Retained Annuity Trust F3
holding TENB Common Stock 245,947 31 Mar 2023 By Trust F4
holding TENB Common Stock 179,700 31 Mar 2023 By Grantor Retained Annuity Trust F5

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 Employee Stock Option (right to buy) Options Exercise $0 -18,034 -0.91% $0.000000 1,970,021 31 Mar 2023 Common Stock 18,034 $4.25 Direct F6
* 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.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.58 - $47.71, 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 footnote (2) to this Form 4.
F3 The Trustee of the Amit Yoran GRAT A is Amit Yoran.
F4 The Trustees of the Amit Yoran 2020 Family Trust are Dov Yoran and David Redling.
F5 The Trustee of the Amit Yoran GRAT B is Amit Yoran.
F6 100% of the shares underlying the option were vested as of January 1, 2021.