Bentley Keith A., a director at Bentley Systems Inc., has filed to sell 350,000 shares of the company. This sale is valued at approximately $17.77 million and is part of a compensation arrangement. The filing, dated November 10, 2026, underscores the ongoing executive activity within the company and the broader prepackaged software sector.

Background

Bentley Systems Inc. is a company incorporated in Delaware, primarily engaged in providing prepackaged software solutions. The company is listed on NASDAQ under the SEC file number 001-39548. Bentley Keith A. is identified as a reporting owner in this filing.

What the Filing Says

The filing states that Bentley Keith A. plans to sell 350,000 shares of the company's Class B common stock. The shares were acquired as compensation on July 3, 2024. The approximate sale date is noted as November 10, 2026. The filing indicates, "nothing to report on securities sold in the past 3 months."

Impact

This sale may affect investor sentiment regarding Bentley Systems Inc. as it reflects the actions of a key executive. The prepackaged software industry often sees such transactions, which can influence market perceptions and investor confidence.

What's Next

The filing does not say what happens next.

Details of the Transaction

The shares Bentley Keith A. intends to sell are classified as Class B common stock, which were acquired as part of a compensation arrangement on July 3, 2024. The aggregate market value of the shares being sold is reported as approximately $17,767,740. The filing also notes that there are currently 290,923,096 units of this class of stock outstanding.

Broker Information

The transaction will be executed through The Charles Schwab Corporation, located at 3000 Schwab Way, Westlake, TX 76262. This broker is responsible for facilitating the sale of the shares.

Plan Adoption Date

Additionally, the filing indicates that a plan adoption date for this transaction was established on August 10, 2026. This suggests that the sale may be part of a pre-determined trading plan, which is often used by executives to mitigate the risks associated with insider trading regulations.

Filing Context

While the filing provides specific details about the share sale, it does not include information regarding Bentley Systems Inc.'s recent financial performance, strategic initiatives, or any upcoming corporate events that could impact the company's stock price or investor sentiment.