Bentley Systems (BSY) CTO reports 72-share dividend-equivalent stock grant

Rhea-AI Filing Summary

Bentley Systems, Inc. reported that its Chief Technology Officer acquired 72 shares of Class B common stock on 12/11/2025. The transaction was coded as an acquisition at a reported price of $0.00 per share, bringing the officer’s directly owned stake to 68,975 shares after the transaction.

The filing explains that these shares represent dividend equivalent rights that accrued in connection with a dividend paid on previously granted awards, and they will vest on the same terms as the awards to which they relate.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Moutte Julien

(Last) (First) (Middle)

C/O BENTLEY SYSTEMS, INCORPORATED

685 STOCKTON DRIVE

(Street)

EXTON PA 19341

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

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

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock	12/11/2025		A(1)		72	A	$0.00	68,975	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent rights that accrued to the Reporting Person in connection with a dividend paid by the Issuer on awards previously granted and vest on the same terms as the awards to which they relate.

	/s/ Michael T. Fischette, Attorney-in-Fact	12/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Bentley Systems (BSY) disclose in this filing?

The filing discloses that the Chief Technology Officer of Bentley Systems, Inc. acquired 72 shares of Class B common stock on 12/11/2025. The transaction was reported with a price of $0.00 per share and classified as an acquisition.

How many Bentley Systems (BSY) shares does the reporting officer own after the transaction?

After the reported transaction, the Chief Technology Officer beneficially owns 68,975 shares of Class B common stock, held in direct ownership.

What is the nature of the 72 Bentley Systems (BSY) shares acquired?

The 72 shares reported represent dividend equivalent rights that accrued to the reporting person in connection with a dividend paid by Bentley Systems on previously granted awards. These rights vest on the same terms as the underlying awards.

Did the Bentley Systems (BSY) officer pay cash for the 72 acquired shares?

The transaction shows a reported price of $0.00 per share for the 72 Class B common shares, indicating the acquisition was linked to dividend equivalent rights rather than a cash purchase.

Are any derivative securities reported in this Bentley Systems (BSY) insider filing?

The filing’s Table I reports non-derivative Class B common stock. The Table II section for derivative securities is present but contains no reported derivative transactions in this excerpt.

What role does the reporting person hold at Bentley Systems (BSY)?

The reporting person is identified as an officer of Bentley Systems, serving as the company’s Chief Technology Officer, and the filing is made for one reporting person.