Anschutz Barron 4

What Happened

• Anschutz Barron, Tenable’s Chief Accounting Officer, had RSUs convert (exercise/conversion) on May 22, 2026. A total of 4,223 RSUs converted into common shares. The issuer withheld 2,021 shares to cover tax withholding at $25.45/share (total withheld value $51,435), leaving a net issuance of 2,202 shares to the reporting person (net value at $25.45 ≈ $56,038).
• These transactions are conversions/settlements of RSUs (derivative-to-stock events), not open-market sales.

Key Details

• Transaction date: May 22, 2026; Form 4 filed May 26, 2026 (filed within the SEC’s 2-business-day window).
• Codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld for tax withholding (not a sale).
• Share counts and amounts:
  • Converted: 1,337; 1,258; 1,628 (total 4,223)
  • Withheld for taxes: 640; 602; 779 (total 2,021) at $25.45/share = $51,435
  • Net issued to insider: 2,202 shares (net value ≈ $56,038 at $25.45)
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: issuer withheld shares to satisfy income tax withholding on net-settled RSUs (this withholding is not a market sale). RSUs represent contingent rights to one share each; vesting schedule notes 25% initial vest and remaining vesting in quarterly installments over three years.

Context

• This was a routine RSU vesting and net settlement (issuer withheld shares to cover taxes). That withholding is administrative and does not necessarily indicate a decision to sell shares in the open market.
• For retail investors, vesting events increase insider-held shares but tax-withholding via share retention is common and not a bearish signal.