Bentley Raymond B. 4

What Happened

Raymond B. Bentley, identified as a 10% owner of Bentley Systems, reported a gift (Form 4 code G) of 250,000 shares on March 12, 2026. The shares were disposed with a reported price of $0.00, meaning this was a non‑sale transfer (a gift) and generated no cash proceeds. Gifts are dispositions for reporting purposes but are not the same as open‑market sales.

Key Details

• Transaction date: 2026-03-12
• Transaction type/code: Gift (G) — disposition of 250,000 shares at $0.00 per share (total proceeds $0)
• Filing date: 2026-03-16 — filed four days after the transaction; appears to be outside the typical two-business-day Form 4 window (possible late filing).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable items: Insider is a 10% owner (large shareholder). No 10b5‑1 plan, tax‑withholding, or cashless exercise language was indicated in the summary provided.

Context

A gift by a 10% owner does not necessarily signal confidence or concern about the company’s prospects — common reasons include estate planning, family transfers, or charitable donations. Because this was a gift (no sale proceeds), it should be interpreted differently than a market sale or purchase. The apparent late filing is procedural and may warrant attention for timeliness but does not by itself indicate trading intent.