Zecher Linda Kay 4

What Happened

• Linda Kay Zecher, a director of Tenable Holdings (TENB), converted derivative awards and received shares tied to restricted stock units (RSUs) on May 13, 2026. The Form 4 reports: 6,062 shares acquired via conversion of a derivative instrument at $0.00, a simultaneous disposal of 6,062 shares at $0.00 (derivative), and an award/acquisition of 9,718 shares at $0.00.
• The transactions are not open-market purchases or sales for investment purposes but represent conversion/settlement and the receipt of shares from RSU awards. Net effect in this filing: +9,718 shares to the insider’s position (15,780 acquired less 6,062 disposed), with no cash price shown.

Key Details

• Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (timely filing).
• Prices reported: $0.00 per share for all listed transactions; total cash value not reported (typical for RSU conversions/settlements).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Relevant footnotes: F1—each RSU represents a contingent right to one share; F2—100% of the shares underlying the RSUs vested as of May 13, 2026; F3—additional vesting-language noting vesting may occur earlier of May 13, 2027 or the next annual meeting, subject to service and acceleration.
• No 10b5-1 plan, late filing, or explicit tax-withholding method is stated in the excerpt.

Context

• This filing reflects RSU conversion/settlement and award activity (compensation-related), not a market buy or directional sell signal. The equal acquisition and disposal of 6,062 shares on the same date is often seen when shares are converted and a portion is immediately withheld or disposed to satisfy taxes or associated costs, though the Form 4 here does not specify the reason.
• For retail investors: such RSU conversions are common for executives and directors and usually reflect compensation vesting rather than a decision to trade stock for investment reasons.