Vintz Stephen A 4
Research Summary
AI-generated summary
Tenable (TENB) CEO Stephen Vintz Exercises Options; Shares Withheld
What Happened
- Stephen A. Vintz, CEO of Tenable Holdings (TENB), exercised 105,000 stock options on 2026-05-08, paying an exercise price of $4.15 per share (total exercise cost $435,750). The issuer withheld 60,917 shares to satisfy the exercise price and tax withholding, valued at $21.29 per share (≈ $1,296,923). Net shares issued to Vintz after withholding: 44,083.
- The filing records the option exercise (transaction code M) and the withholding of shares for taxes/exercise (transaction code F). The withheld shares were not sold on the open market.
Key Details
- Transaction date: 2026-05-08.
- Exercise: 105,000 options at $4.15/share — total exercise cost $435,750 (code M).
- Withholding: 60,917 shares withheld at $21.29/share — value ≈ $1,296,923 (code F); these were withheld to cover exercise price and tax obligations, not an open-market sale.
- Net shares received: 44,083 (105,000 exercised − 60,917 withheld).
- Vesting: Footnote indicates 100% of the option shares vested as of June 30, 2020.
- Filing timeliness: Reported on 2026-05-12 for a 2026-05-08 transaction — filed within the required 2 business days (timely).
- Shares owned after the transaction are not provided in the supplied filing details.
Context
- This was a net (cashless-style) exercise: options were exercised and the company withheld shares to cover costs and taxes, so the withholding is administrative rather than an open-market sale.
- Such filings document insider option exercises and withholding activity; they are factual records and do not by themselves indicate the insider’s view of the company’s stock.