Raymond B. Bentley, a director and 10% owner of Bentley Systems, Incorporated, filed a Form 4 on November 3, 2026, disclosing the sale of 344,203 shares of Class B Common Stock on October 30, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Shares sold: 344,203 shares of Class B Common Stock were disposed of on October 30, 2026.
  • Weighted average price: Shares were sold at a weighted average price of $40.2369, with individual transaction prices ranging from $40.01 to $40.62.
  • Direct holdings after transaction: Raymond B. Bentley directly held 14,316,404 shares of Class B Common Stock following the reported sale.
  • Indirect holdings: An additional 125,000 shares are held indirectly by spouse, and 92,654 shares are held indirectly through a 401(K) plan.
  • 10b5-1 plan: The sales were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2026.
  • Roles: Raymond B. Bentley is identified in the filing as both a director and a 10% owner of Bentley Systems, Incorporated (NASDAQ:BSY).

Bentley Director and 10% Owner Reports October 30 Class B Stock Sale

According to the Form 4 filed with the SEC on November 3, 2026, Raymond B. Bentley sold 344,203 shares of Bentley Systems, Incorporated Class B Common Stock on October 30, 2026. The filing indicates the transaction code was "S" (a sale), and shares were disposed of at a weighted average price of $40.2369 per share. The filing notes that individual sales within the transaction occurred at prices ranging from $40.01 to $40.62, and that full details of the number of shares sold at each separate price are available upon request to the company, any security holder, or SEC staff.

The filing discloses that following the reported transaction, Raymond B. Bentley directly held 14,316,404 shares of Class B Common Stock. In addition, the filing reports 125,000 shares held indirectly by his spouse and 92,654 shares held indirectly through a 401(K) plan. No derivative securities transactions were reported in Table II of the form.

According to the filing's explanation of responses, "the sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2026." The form was signed by Michael T. Fischette as Attorney-in-Fact on November 3, 2026. The filing also notes that the form was checked to indicate the transaction was made pursuant to a contract, instruction, or written plan satisfying the affirmative defense conditions of Rule 10b5-1(c).

What Was Disclosed

Raymond B. Bentley, a director and 10% owner of NASDAQ:BSY, reported the October 30, 2026 sale of 344,203 Class B Common Stock shares at a weighted average price of $40.2369, under a Rule 10b5-1 plan adopted March 12, 2026, leaving him with 14,316,404 shares held directly.