KEANE MARGARET M 4
Research Summary
AI-generated summary
Tenable (TENB) Director Margaret Keane Exercises Derivatives, Receives RSUs
What Happened
- Margaret M. Keane, a director of Tenable Holdings, reported derivative activity and an RSU award on May 13, 2026. The Form 4 shows an exercise/conversion (code M) of 6,062 derivative shares at $0.00 and a simultaneous disposition of 6,062 derivative shares at $0.00. She also was granted/received (code A) 9,718 restricted stock units (RSUs) at $0.00. The filing lists no cash exchanged for these transactions.
Key Details
- Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (timely within the 2-business-day rule).
- Reported transactions: Exercise/conversion (M) — 6,062 shares acquired @ $0.00 and 6,062 shares disposed @ $0.00; Grant/award (A) — 9,718 RSUs acquired @ $0.00.
- Shares owned after transaction: Not specified on the provided extract of the filing.
- Footnotes: F1 — each RSU equals a contingent right to one common share; F2 — 100% of the shares underlying the RSUs vested as of May 13, 2026; F3 — separate RSU vesting language states 100% vest on the earlier of May 13, 2027 or the next annual meeting, subject to continued service and acceleration provisions.
- Codes: M = option/derivative exercise or conversion; A = award/grant. No 10b5-1 or tax-withholding detail was reported in the excerpt.
Context
- The filing reports an exercise/conversion and a matching disposition of the same number of derivative shares; the zero-dollar prices indicate these were derivative/award-related settlements rather than open-market purchases or sales. The 9,718 RSUs represent a contingent right to receive shares and—per the filing—were 100% vested as of May 13, 2026. These kinds of grant/exercise filings are common for executives and directors and do not by themselves indicate a buying or selling signal by the insider.