COVIELLO ARTHUR W JR 4
Research Summary
AI-generated summary
Tenable (TENB) Director Arthur Coviello Buys 12,000 Shares
What Happened
Arthur W. Coviello Jr., a director of Tenable Holdings, Inc. (TENB), purchased 12,000 shares in an open-market transaction on February 9, 2026. The weighted-average price reported was $21.50 per share, for a total reported cost of $258,000. This was a buy (acquisition), which some investors view as a more informative signal than routine sales.
Key Details
- Transaction date: 2026-02-09 (reported on Form 4 filed 2026-02-09) — filing appears timely.
- Transaction type/code: Open-market purchase (Code P).
- Shares acquired: 12,000 at a weighted-average price of $21.50; total reported value $258,000.
- Price range: Footnote states the shares traded in multiple transactions at prices between $21.47 and $21.51; the filing reports the weighted average $21.50. The reporting person offers to provide a breakdown of the number of shares at each price on request.
- Shares owned after the transaction: Not specified in the summary details provided in this prompt.
Context
This was a straight open-market purchase (not an option exercise, award, or gift). Purchases by insiders can be interpreted by some investors as a sign of confidence, but filings are factual disclosures and do not explain motivation. The footnote clarifies the reported price is a weighted average across multiple trades within a narrow price band.