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Director-linked trust may sell $11M Bentley Systems (NASDAQ: BSY) stock

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

BENTLEY SYSTEMS INC (BSY) received a Form 144 notice that the Bentley 2012 Generation Skipping Trust, for which a director is associated, may sell up to 300,000 shares of Class B stock through Charles Schwab & Co. The shares have an indicated aggregate market value of $11,082,000 and relate to a class with 290,577,762 shares outstanding, listed on Nasdaq. The shares were originally acquired as a gift on December 21, 2012, from Raymond B. Bentley.

Positive

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Class B shares to be sold 300,000 shares Maximum number of BENTLEY SYSTEMS INC Class B shares covered by the Form 144
Aggregate market value $11,082,000 Value associated with 300,000 Class B shares to be sold
Shares outstanding (Class B) 290,577,762 shares Shares outstanding for the class related to the planned sale
Planned sale date 08/27/2026 Date listed in connection with the potential sale on Nasdaq
Acquisition date of shares 12/21/2012 Date the shares were acquired as a gift from Raymond B. Bentley
Seller account Bentley 2012 Generation Skipping Trust Trust for whose account the securities are to be sold
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Generation Skipping Trust financial
"Name of Person for Whose Account the Securities are To Be Sold | Bentley 2012 Generation Skipping Trust"
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
aggregate market value financial
"class b | Charles Schwab & Co ... | 300000 | 11082000.00 | 290577762"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

What does the Form 144 filing for BSY disclose about potential share sales?

The Form 144 discloses that the Bentley 2012 Generation Skipping Trust may sell up to 300,000 Class B shares of BENTLEY SYSTEMS INC, held at Charles Schwab & Co., with an indicated aggregate market value of $11,082,000 for potential sales on or after August 27, 2026.

Who is the selling security holder in this BSY Form 144?

The selling security holder is the Bentley 2012 Generation Skipping Trust, associated with a director of BENTLEY SYSTEMS INC. The trust is filing to potentially sell Class B shares under Rule 144.

How many BSY shares are planned for sale under this Form 144?

The notice covers a proposed sale of up to 300,000 shares of BENTLEY SYSTEMS INC Class B common stock. This amount is listed in the securities information section for potential sales under Rule 144.

What is the reported market value of the BSY shares in this Form 144?

The filing lists an aggregate market value of $11,082,000 for the 300,000 Class B shares that may be sold by the Bentley 2012 Generation Skipping Trust.

How many BSY Class B shares are outstanding according to this Form 144?

The Form 144 reports 290,577,762 shares outstanding for the relevant class of BENTLEY SYSTEMS INC stock, in connection with the potential sale of 300,000 Class B shares.

How and when were the BSY shares to be sold originally acquired?

The shares were acquired as a gift on December 21, 2012, from Raymond B. Bentley, as stated in the securities-to-be-sold section of the Form 144.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature