Vicks Raymond Jr. 4

What Happened
Raymond Vicks Jr., a director of Tenable Holdings (TENB), had derivative and award transactions reported for May 13, 2026. The filing shows an exercise/conversion of 6,062 derivative units at a $0 exercise price (listed as both “acquired” and “disposed” in the filing) and a grant/award of 9,718 restricted stock units (RSUs) at $0. The RSUs are recorded as derivative awards and (per the filing) 100% of the shares underlying the RSUs vested as of May 13, 2026. No cash value was reported for these transactions (exercise price $0).

Key Details

• Transaction date: May 13, 2026; Filed: May 15, 2026 (timely Form 4 filing).
• Reported transactions:
  • Exercise/conversion (derivative, code M): 6,062 shares @ $0.00 (acquired) and 6,062 shares @ $0.00 (disposed).
  • Grant/award (derivative, code A): 9,718 RSUs @ $0.00 (acquired).
• RSU specifics: Each RSU equals a contingent right to one share (footnote). The filing notes 100% of the shares underlying the RSUs vested as of May 13, 2026. Another vesting note references vesting by May 13, 2027 or the next annual meeting, subject to service and acceleration (footnote).
• Custody note: Some shares are held for the reporting person’s granddaughter in a UTMA custodial account for which he is custodian (footnote).
• Shares owned after transaction: Not specified in the provided details.

Context

• These transactions appear to be compensation-related (RSU awards and conversion/exercise of derivatives) rather than open-market purchases or sales; such awards are common for executives/directors and do not by themselves indicate market sentiment.
• The paired “acquired” and “disposed” derivative entries may reflect conversion and transfer/assignment mechanics; the UTMA footnote indicates a custodial placement for a family member.
• Filing was submitted within the normal Form 4 timeframe (transaction 5/13/2026; filing 5/15/2026).