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Tenable Holdings, Inc.·4

May 15, 5:12 PM ET

COVIELLO ARTHUR W JR 4

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Tenable (TENB) Director Arthur Coviello Exercises Options, Receives RSUs

What Happened Arthur W. Coviello Jr., a director of Tenable Holdings (TENB), reported derivative activity on May 13, 2026. The filing shows an exercise/conversion (transaction code M) of 6,062 derivative shares (acquired) and a simultaneous disposition of 6,062 derivative shares, both reported at $0.00 consideration. In addition, there is an award/grant (transaction code A) for 9,718 restricted stock units (RSUs) reported as acquired at $0.00; footnotes indicate 100% of the shares underlying those RSUs vested as of May 13, 2026. The filing does not report cash amounts received or paid.

Key Details

  • Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (appears timely).
  • Items reported:
    • M: 6,062 shares acquired on exercise/conversion @ $0.00
    • M: 6,062 shares disposed @ $0.00 (derivative)
    • A: 9,718 RSUs acquired @ $0.00 (derivative), with F2 indicating 100% vested as of May 13, 2026
  • Shares owned after the transactions: not specified in the provided filing details.
  • Footnotes:
    • F1: Each RSU represents a contingent right to one share.
    • F2: 100% of the RSUs underlying the reported award vested on May 13, 2026.
    • F3: Some RSUs have future vesting described as the earlier of May 13, 2027 or the next annual meeting, subject to service and acceleration provisions.
  • No 10b5-1 plan, tax-withholding, or late-filing flag noted in the provided data.

Context

  • Transaction code M denotes exercise or conversion of a derivative (e.g., option exercise or conversion of a derivative security). The filing shows both an acquisition and a disposition of the same 6,062 derivative shares on the same date; filings like this often reflect an exercise followed by a sale or net settlement, but this Form 4 reports $0 consideration so the exact cash flow is not shown.
  • The A-code RSU entry and F2 indicate those RSUs vested on the transaction date, resulting in an acquisition of stock-value RSUs rather than an open-market purchase.
  • These entries are routine insider compensation/derivative transactions and are not, by themselves, proof of buying or selling intent in the open market.