Tenable (TENB) Chief Accounting Officer Exercises RSUs; Shares Withheld

What Happened

• Anschutz Barron, Chief Accounting Officer of Tenable (TENB), converted/settled restricted stock units (RSUs) on 2026-08-24, resulting in 4,224 shares acquired (no cash exercise price). To satisfy tax withholding, the issuer withheld 2,022 shares at $33.94 each (total withholding ≈ $68,627). Net new shares received by the insider were 2,202 shares.
• These transactions reflect RSU vesting and net settlement for tax obligations rather than an open-market sale.

Key Details

• Transaction date: 2026-08-24; Form 4 filed 2026-08-25 (timely).
• Conversions/Acquisitions (M): 1,337; 1,258; 1,629 shares — total 4,224 shares acquired at $0.00 (RSU settlement).
• Withholding/Disposition for tax (F): 640; 602; 780 shares withheld at $33.94 each — total 2,022 shares withheld, cash value ≈ $68,627.
• Net shares delivered to the insider: 4,224 − 2,022 = 2,202 shares.
• Footnotes: F1 clarifies withheld shares were used to satisfy income tax withholding and were not an open-market sale. F2–F5 describe that each RSU equals one share and provide the RSU vesting schedule (25% vested Feb 22 each year 2024–2026, remainder vesting quarterly thereafter, subject to service/acceleration).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• These entries are routine RSU vesting and a net (cashless) settlement for tax withholding — common for employee equity compensation and not necessarily a signal of intent to buy or sell additional stock.
• Transaction codes: M = conversion/exercise of derivative (RSU conversion here), F = payment of exercise price or tax liability (share withholding).