Bentley Systems CRO holds 88,145 Class B shares

Bentley Systems’ Chief Revenue Officer reported his initial Class B Common Stock holdings, largely in restricted shares.

Rhea-AI Filing Summary

BENTLEY SYSTEMS INC (BSY) reported the initial equity holdings of Chief Revenue Officer Andrew Rahden on a Form 3. He beneficially owns 88,145 shares of the company’s Class B Common Stock directly, including 87,511 restricted shares of Class B Common Stock of the issuer.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rahden Andrew

Role Chief Revenue Officer

Type	Security	Shares	Price	Value
holding	Class B Common Stock F1	--	--	--

Holdings After Transaction: Class B Common Stock — 88,145 shares (Direct)

Footnotes (1)

1. F1. Includes 87,511 restricted shares of Class B Common Stock of the Issuer.

Key Figures

Directly held Class B Common Stock: 88,145 shares Restricted Class B Common Stock: 87,511 shares

2 metrics

Directly held Class B Common Stock 88,145 shares Beneficial ownership reported by Chief Revenue Officer Andrew Rahden on Form 3

Restricted Class B Common Stock 87,511 shares Restricted shares included within Rahden’s reported Class B Common Stock holdings

Key Terms

Class B Common Stock, restricted shares, Power of Attorney

3 terms

Class B Common Stock financial

"security title is listed as Class B Common Stock"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

restricted shares financial

"Includes 87,511 restricted shares of Class B Common Stock of the Issuer"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

Power of Attorney regulatory

"Exhibit List: Exhibit 24 - Power of Attorney"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider position did Bentley Systems (BSY) report for Andrew Rahden on this Form 3?

The filing reports that Chief Revenue Officer Andrew Rahden beneficially owns 88,145 shares of Bentley Systems’ Class B Common Stock directly, as of the Form 3 reporting date.

How many restricted shares does Andrew Rahden hold in Bentley Systems (BSY)?

Andrew Rahden’s position includes 87,511 restricted shares of Class B Common Stock of Bentley Systems, as disclosed in the footnote to the Form 3.

Is there a buy or sell transaction reported for Bentley Systems (BSY) in this Form 3?

No. The Form 3 for Bentley Systems’ Chief Revenue Officer reports holdings only in Class B Common Stock and does not disclose any purchase or sale transactions.

What class of shares does Andrew Rahden own in Bentley Systems (BSY)?

Andrew Rahden owns Class B Common Stock of Bentley Systems, all held directly, including a substantial portion as restricted shares.

Does the Bentley Systems (BSY) Form 3 mention a power of attorney?

Yes. The remarks section notes an Exhibit 24 - Power of Attorney, indicating an associated power of attorney was filed as an exhibit with the Form 3.

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

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Available on EDGAR 09/17/2026 - 04:15 PM Accepted by SEC EDGAR 09/17/2026 - 04:15 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Rahden Andrew

(Last) (First) (Middle)

C/O BENTLEY SYSTEMS, INCORPORATED

685 STOCKTON DRIVE

(Street)

EXTON PENNSYLVANIA 19341

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
09/10/2026

3. Issuer Name and Ticker or Trading Symbol
BENTLEY SYSTEMS INC [ BSY ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Revenue Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Common Stock	88,145(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 87,511 restricted shares of Class B Common Stock of the Issuer.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney.

	/s/ Michael T. Fischette as Attorney-in-Fact	09/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)