Amit Yoran - Jul 26, 2023 Form 4 Insider Report for Tenable Holdings, Inc. (TENB)

Role
President, CEO and Chairman, Director
Signature
/s/ David Bartholomew, Attorney-in-Fact
Stock symbol
TENB
Transactions as of
Jul 26, 2023
Transactions value $
-$1,844,265
Form type
4
Date filed
7/28/2023, 04:02 PM
Previous filing
May 25, 2023
Next filing
Aug 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TENB Common Stock Options Exercise $178K +42K +17.48% $4.25 282K Jul 26, 2023 Direct
transaction TENB Common Stock Sale -$1.4M -29.2K -10.35% $47.84 253K Jul 26, 2023 Direct F1, F2
transaction TENB Common Stock Sale -$627K -12.8K -5.06% $49.01 240K Jul 26, 2023 Direct F1, F3
holding TENB Common Stock 335K Jul 26, 2023 By Grantor Retained Annuity Trust F4, F5
holding TENB Common Stock 246K Jul 26, 2023 By Trust F6
holding TENB Common Stock 180K Jul 26, 2023 By Grantor Retained Annuity Trust F7

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 -42K -2.13% $0.00 1.93M Jul 26, 2023 Common Stock 42K $4.25 Direct F8
* 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 - $48.56, 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 (2) and (3) to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.59 - $49.10, inclusive.
F4 On July 25, 2023, the Reporting Person contributed 14,835 shares from the Amit Yoran GRAT A directly to himself, Amit Yoran.
F5 The Trustee of the Amit Yoran GRAT A is Amit Yoran.
F6 The Trustees of the Amit Yoran 2020 Family Trust are Dov Yoran and David Redling.
F7 The Trustee of the Amit Yoran GRAT B is Amit Yoran.
F8 100% of the shares underlying the option were vested as of January 1, 2021.