[Form 4] Bentley Systems, Incorporated Insider Trading Activity
Bentley Systems insider transaction: Chief Legal Officer David R. Shaman reported a sale of 6,685 shares of Class B common stock on 08/31/2025 at a volume-weighted average price of $55.03 per share. After the reported disposition, the Form 4 lists 639,323 shares beneficially owned directly and additional indirect holdings of 279,308 shares by Grantor Retained Annuity Trusts, 55,527 by a spouse trustee and 32,635 through a 401(k) plan. The filing notes the 6,685 shares were withheld by the issuer to cover taxes related to a scheduled distribution from the issuer's Non-Qualified Deferred Compensation Plan. The form is signed by an attorney-in-fact on 09/03/2025.
Operazione interna Bentley Systems: Il Chief Legal Officer David R. Shaman ha segnalato la vendita di 6.685 azioni di azioni ordinarie di Classe B il 31/08/2025 a un prezzo medio ponderato per volume di 55,03 USD per azione. Dopo la segnalata cessione, il Modulo 4 indica 639.323 azioni possedute vantaggiosamente direttamente e ulteriori partecipazioni indirette di 279.308 azioni tramite Grantor Retained Annuity Trusts, 55.527 da un trustee coniuge e 32.635 attraverso un piano 401(k). La dichiarazione precisa che le 6.685 azioni sono state trattenute dall'emittente per coprire imposte relative a una distribuzione programmata dal piano di compensazione differita non qualificata dell'emittente. Il modulo 猫 firmato per procura il 03/09/2025.
Operaci贸n interna de Bentley Systems: El Director Jur铆dico David R. Shaman notific贸 la venta de 6.685 acciones ordinarias Clase B el 31/08/2025 a un precio medio ponderado por volumen de 55,03 USD por acci贸n. Tras la disposici贸n informada, el Formulario 4 indica 639.323 acciones pose铆das beneficiariamente directamente y participaciones indirectas adicionales de 279.308 acciones por Grantor Retained Annuity Trusts, 55.527 por un fideicomisario c贸nyuge y 32.635 mediante un plan 401(k). La presentaci贸n se帽ala que las 6.685 acciones fueron retenidas por el emisor para cubrir impuestos relacionados con una distribuci贸n programada del Plan de Compensaci贸n Diferida No Calificado del emisor. El formulario est谩 firmado por un apoderado el 03/09/2025.
Bentley Systems 雮措秬瓯半灅: 斓滉碃氩曤毂呾瀯鞛�(Chief Legal Officer) David R. Shaman鞚� 2025-08-31鞐� 韥措灅鞀� B 氤错喌欤� 6,685欤茧ゼ 欤茧嫻 臧�欷戫弶攴犼皜瓴� 55.03雼煬鞐� 毵る弰頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 氤搓碃霅� 觳橂秳 鞚错泟, Form 4鞐愲姅 639,323欤茧ゼ 歆侅为 鞁れ氤挫湢頃橁碃 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨溂氅�, 於旉皜搿� Grantor Retained Annuity Trusts毳� 韱淀暅 279,308欤�, 氚办毎鞛� 靾橅儊鞚� 韱淀暅 55,527欤�, 401(k) 頂岆灉鞚� 韱淀暅 32,635欤缄皜 臧勳爲 氤挫湢搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 靹滊電� 頃措嫻 6,685欤缄皜 氚滍枆鞚胳澊 牍勳爜瓴� 鞚挫棸氤挫儊瓿勴殟(Non-Qualified Deferred Compensation Plan)鞐愳劀 鞓堨爼霅� 攵勲鞍鞕� 甏�霠暅 靹戈笀鞚� 於╇嫻頃橁赴 鞙勴暣 氚滍枆鞚胳棎 鞚橅暣 鞗愳矞歆曥垬霅橃棃雼り碃 氚濏灆雼堧嫟. 頃措嫻 鞏戩嫕鞚� 2025-09-03鞐� 雽�毽澑鞚� 靹滊獏頄堨姷雼堧嫟.
Transaction d'initi茅 chez Bentley Systems : Le directeur juridique David R. Shaman a d茅clar茅 la vente de 6 685 actions ordinaires de classe B le 31/08/2025 au prix moyen pond茅r茅 par le volume de 55,03 USD par action. Apr猫s la cession d茅clar茅e, le formulaire 4 indique 639 323 actions d茅tenues 脿 titre b茅n茅ficiaire directement et des participations indirectes suppl茅mentaires de 279 308 actions via des Grantor Retained Annuity Trusts, 55 527 par un fiduciaire conjoint et 32 635 via un plan 401(k). Le d茅p么t pr茅cise que les 6 685 actions ont 茅t茅 retenues par l'茅metteur pour couvrir les imp么ts li茅s 脿 une distribution pr茅vue du plan de r茅mun茅ration diff茅r茅e non qualifi茅 de l'茅metteur. Le formulaire est sign茅 par un mandataire le 03/09/2025.
Insider-Transaktion bei Bentley Systems: Chief Legal Officer David R. Shaman meldete am 31.08.2025 den Verkauf von 6.685 Aktien der Klasse B zu einem volumengewichteten Durchschnittspreis von 55,03 USD pro Aktie. Nach der gemeldeten Ver盲u脽erung weist Formular 4 639.323 Aktien als vorteilhaft direkt gehalten aus sowie weitere indirekte Best盲nde von 279.308 Aktien durch Grantor Retained Annuity Trusts, 55.527 durch einen Ehegatten-Treuh盲nder und 32.635 眉ber einen 401(k)-Plan. Die Einreichung vermerkt, dass die 6.685 Aktien vom Emittenten einbehalten wurden, um Steuern im Zusammenhang mit einer geplanten Aussch眉ttung aus dem nicht qualifizierten aufgeschobenen Verg眉tungsplan des Emittenten zu decken. Das Formular wurde am 03.09.2025 von einem Bevollm盲chtigten unterzeichnet.
- Clear disclosure of the transaction date, price (VWAP $55.03), and number of shares disposed (6,685).
- Explanation provided that shares were withheld by the issuer to cover taxes from a scheduled deferred compensation distribution.
- Detailed beneficial ownership breakdown showing direct and multiple indirect holdings (639,323 direct; 279,308 GRATs; 55,527 spouse trustee; 32,635 401(k)).
- Disposition of 6,685 Class B shares by the Chief Legal Officer reduces direct holdings.
- No additional context in the filing about any planned future sales or changes in ownership strategy.
Insights
TL;DR: Officer reported a tax-withholding share disposition and provided detailed post-transaction beneficial ownership breakdown.
The Form 4 discloses a non-derivative disposition of 6,685 Class B shares by the Chief Legal Officer, with an explicit explanation that the shares were withheld by the issuer to satisfy tax obligations from a deferred compensation distribution. The filing presents both direct and multiple indirect ownership interests, improving transparency on control and economic exposure. There is no additional context in the filing about decision rationale beyond the tax-withholding explanation.
TL;DR: A routine tax-withholding share disposition was reported; the filing quantifies remaining direct and indirect holdings.
The transaction is recorded at a VWAP of $55.03 and reduces direct holdings by 6,685 shares. The filing enumerates significant retained positions: 639,323 shares direct and several indirect blocks (279,308; 55,527; 32,635), which together indicate continued substantial insider exposure to the issuer's equity. No derivative transactions or additional dispositions are reported.
Operazione interna Bentley Systems: Il Chief Legal Officer David R. Shaman ha segnalato la vendita di 6.685 azioni di azioni ordinarie di Classe B il 31/08/2025 a un prezzo medio ponderato per volume di 55,03 USD per azione. Dopo la segnalata cessione, il Modulo 4 indica 639.323 azioni possedute vantaggiosamente direttamente e ulteriori partecipazioni indirette di 279.308 azioni tramite Grantor Retained Annuity Trusts, 55.527 da un trustee coniuge e 32.635 attraverso un piano 401(k). La dichiarazione precisa che le 6.685 azioni sono state trattenute dall'emittente per coprire imposte relative a una distribuzione programmata dal piano di compensazione differita non qualificata dell'emittente. Il modulo 猫 firmato per procura il 03/09/2025.
Operaci贸n interna de Bentley Systems: El Director Jur铆dico David R. Shaman notific贸 la venta de 6.685 acciones ordinarias Clase B el 31/08/2025 a un precio medio ponderado por volumen de 55,03 USD por acci贸n. Tras la disposici贸n informada, el Formulario 4 indica 639.323 acciones pose铆das beneficiariamente directamente y participaciones indirectas adicionales de 279.308 acciones por Grantor Retained Annuity Trusts, 55.527 por un fideicomisario c贸nyuge y 32.635 mediante un plan 401(k). La presentaci贸n se帽ala que las 6.685 acciones fueron retenidas por el emisor para cubrir impuestos relacionados con una distribuci贸n programada del Plan de Compensaci贸n Diferida No Calificado del emisor. El formulario est谩 firmado por un apoderado el 03/09/2025.
Bentley Systems 雮措秬瓯半灅: 斓滉碃氩曤毂呾瀯鞛�(Chief Legal Officer) David R. Shaman鞚� 2025-08-31鞐� 韥措灅鞀� B 氤错喌欤� 6,685欤茧ゼ 欤茧嫻 臧�欷戫弶攴犼皜瓴� 55.03雼煬鞐� 毵る弰頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 氤搓碃霅� 觳橂秳 鞚错泟, Form 4鞐愲姅 639,323欤茧ゼ 歆侅为 鞁れ氤挫湢頃橁碃 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨溂氅�, 於旉皜搿� Grantor Retained Annuity Trusts毳� 韱淀暅 279,308欤�, 氚办毎鞛� 靾橅儊鞚� 韱淀暅 55,527欤�, 401(k) 頂岆灉鞚� 韱淀暅 32,635欤缄皜 臧勳爲 氤挫湢搿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 靹滊電� 頃措嫻 6,685欤缄皜 氚滍枆鞚胳澊 牍勳爜瓴� 鞚挫棸氤挫儊瓿勴殟(Non-Qualified Deferred Compensation Plan)鞐愳劀 鞓堨爼霅� 攵勲鞍鞕� 甏�霠暅 靹戈笀鞚� 於╇嫻頃橁赴 鞙勴暣 氚滍枆鞚胳棎 鞚橅暣 鞗愳矞歆曥垬霅橃棃雼り碃 氚濏灆雼堧嫟. 頃措嫻 鞏戩嫕鞚� 2025-09-03鞐� 雽�毽澑鞚� 靹滊獏頄堨姷雼堧嫟.
Transaction d'initi茅 chez Bentley Systems : Le directeur juridique David R. Shaman a d茅clar茅 la vente de 6 685 actions ordinaires de classe B le 31/08/2025 au prix moyen pond茅r茅 par le volume de 55,03 USD par action. Apr猫s la cession d茅clar茅e, le formulaire 4 indique 639 323 actions d茅tenues 脿 titre b茅n茅ficiaire directement et des participations indirectes suppl茅mentaires de 279 308 actions via des Grantor Retained Annuity Trusts, 55 527 par un fiduciaire conjoint et 32 635 via un plan 401(k). Le d茅p么t pr茅cise que les 6 685 actions ont 茅t茅 retenues par l'茅metteur pour couvrir les imp么ts li茅s 脿 une distribution pr茅vue du plan de r茅mun茅ration diff茅r茅e non qualifi茅 de l'茅metteur. Le formulaire est sign茅 par un mandataire le 03/09/2025.
Insider-Transaktion bei Bentley Systems: Chief Legal Officer David R. Shaman meldete am 31.08.2025 den Verkauf von 6.685 Aktien der Klasse B zu einem volumengewichteten Durchschnittspreis von 55,03 USD pro Aktie. Nach der gemeldeten Ver盲u脽erung weist Formular 4 639.323 Aktien als vorteilhaft direkt gehalten aus sowie weitere indirekte Best盲nde von 279.308 Aktien durch Grantor Retained Annuity Trusts, 55.527 durch einen Ehegatten-Treuh盲nder und 32.635 眉ber einen 401(k)-Plan. Die Einreichung vermerkt, dass die 6.685 Aktien vom Emittenten einbehalten wurden, um Steuern im Zusammenhang mit einer geplanten Aussch眉ttung aus dem nicht qualifizierten aufgeschobenen Verg眉tungsplan des Emittenten zu decken. Das Formular wurde am 03.09.2025 von einem Bevollm盲chtigten unterzeichnet.
FAQ
What transaction did David R. Shaman report on Form 4 for BSY?
At what price were the shares reported sold in the BSY Form 4?
Why were 6,685 shares disposed according to the filing?
How many BSY shares does the reporting person beneficially own after the transaction?
Who signed the Form 4 and when was it signed?
