STOCK TITAN

[Form 4] BENTLEY SYSTEMS INC Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Bentley Systems reporting person David R. Shaman, Chief Legal Officer, received 367 Class B shares on 09/30/2025 as dividend-equivalent rights that vested on the same terms as the underlying awards. The filing shows these shares were issued at a price of $0.00 and increased Mr. Shaman's direct beneficial ownership to 639,690 Class B shares. Additional indirect holdings include 279,308 shares in Grantor Retained Annuity Trusts, 55,527 held by a spouse trustee, and 32,635 held through a 401(k) plan.

Bentley Systems persona reportante David R. Shaman, Chief Legal Officer, ha ricevuto 367 azioni Classe B in data 09/30/2025 come diritti equivalenti a dividendi che si sono maturati alle stesse condizioni degli assegni sottostanti. La pratica mostra che queste azioni sono state emesse a un prezzo di $0.00 e hanno aumentato la proprietà diretta beneficiare del sig. Shaman a 639.690 azioni Classe B. Le partecipazioni indirette aggiuntive includono 279.308 azioni in Grantor Retained Annuity Trusts, 55.527 in mano a un trustee coniugale e 32.635 detenute tramite un piano 401(k).

Bentley Systems persona informante David R. Shaman, Director Legal, recibió 367 acciones Clase B el 30/09/2025 como derechos equivalentes a dividendos que vencieron bajo las mismas condiciones que las adjudicaciones subyacentes. El expediente muestra que estas acciones se emitieron a un precio de $0.00 y aumentaron la propiedad beneficiaria directa del Sr. Shaman a 639,690 acciones Clase B. Las participaciones indirectas adicionales incluyen 279,308 acciones en Grantor Retained Annuity Trusts, 55,527 en posesión de un fideicomisario conyugal y 32,635 poseídas a través de un plan 401(k).

Bentley Systems 보고자 David R. Shaman, 최고법무책임자(CLO), 2025년 9월 30일에 367 주의 클래스 B 주식을 배당금 등가 권리로 받았으며 기초 보상과 동일한 조건으로 귀속되었습니다. 신고서에 따르면 이 주식은 $0.00에 발행되었고 샤만 씨의 직접 유익한 소유가 639,690 주의 클래스 B 주식으로 증가했습니다. 추가 간접 보유로는 Grantor Retained Annuity Trusts에 있는 279,308 주, 배우자 수탁자 소유의 55,527 주, 그리고 401(k) 플랜을 통해 보유한 32,635 주가 포함됩니다.

Bentley Systems personne déclarante David R. Shaman, Directeur juridique, a reçu 367 actions de classe B le 30/09/2025 en droits équivalents à des dividendes qui se sont acquises selon les mêmes termes que les attributions sous-jacentes. Le dépôt indique que ces actions ont été émises à un prix de $0.00 et ont porté la propriété bénéficiaire directe de M. Shaman à 639 690 actions de classe B. D’autres participations indirectes incluent 279 308 actions dans des Grantor Retained Annuity Trusts, 55 527 détenues par un fiduciaire du conjoint et 32 635 détenues via un plan 401(k).

Bentley Systems meldende Person David R. Shaman, Chief Legal Officer, erhielt am 30.09.2025 367 Class-B-Aktien als Dividenden-Äquivalenzrechte, die zu denselben Bedingungen wie die zugrunde liegenden Zuwendungen vesteten. Die Einreichung zeigt, dass diese Aktien zu einem Preis von $0.00 ausgegeben wurden und die direkte begünstigte Eigentümerschaft von Herrn Shaman auf 639.690 Class-B-Aktien anstieg. Weitere indirekte Beteiligungen umfassen 279.308 Aktien in Grantor Retained Annuity Trusts, 55.527 im Besitz eines Ehepartner-Verwalters und 32.635, die über einen 401(k)-Plan gehalten werden.

Bentley Systems الشخص المبلغ عنه David R. Shaman، رئيس الشؤون القانونية، تلقى 367 سهماً من الفئة B في 30/09/2025 كحقوق مكافئة للأرباح التي باتت مستحقة وفقاً لنفس شروط المكافآت الأساسية. يوضح الملف أن هذه الأسهم أصدرت بسعر $0.00 وزادت الملكية المستفيدة المباشرة للسيد شمان إلى 639,690 سهم من فئة B. تشمل الحيازات غير المباشرة الإضافية 279,308 سهماً في Grantor Retained Annuity Trusts، و55,527 مملوكة بواسطة وصي الزوج، و32,635 مملوكة من خلال خطة 401(k).

Bentley Systems 报告人 David R. Shaman,首席法务官,于 2025/09/30 获得 367 股 B 类股票,作为分红等价权,按与基础奖励相同条款归属。申报显示这些股票的发行价格为 $0.00,使 Shaman 先生的直接受益所有权增至 639,690 股 B 类股票。其他间接持有包括 Grantor Retained Annuity Trusts 的 279,308 股、由配偶受托人持有的 55,527 股,以及通过 401(k) 计划持有的 32,635 股。

Positive
  • 367 Class B shares were received as dividend-equivalent rights, aligning insider and shareholder interests
  • Reporting shows substantial total ownership: 639,690 direct Class B shares plus indirect holdings
Negative
  • None.

Insights

Insider received dividend-equivalent shares, modestly increasing direct ownership.

The filing documents a non-cash acquisition of 367 Class B shares on 09/30/2025 credited as dividend-equivalent rights that vest with the related awards. This is an administrative issuance rather than a market purchase and was reported at $0.00.

The reporting person retains substantial aggregated control with 639,690 direct Class B shares plus indirect holdings of 279,308, 55,527, and 32,635, reflecting concentrated insider ownership structure. Because this transaction is routine dividend-equivalent vesting, it is unlikely to be materially market-moving.

Bentley Systems persona reportante David R. Shaman, Chief Legal Officer, ha ricevuto 367 azioni Classe B in data 09/30/2025 come diritti equivalenti a dividendi che si sono maturati alle stesse condizioni degli assegni sottostanti. La pratica mostra che queste azioni sono state emesse a un prezzo di $0.00 e hanno aumentato la proprietà diretta beneficiare del sig. Shaman a 639.690 azioni Classe B. Le partecipazioni indirette aggiuntive includono 279.308 azioni in Grantor Retained Annuity Trusts, 55.527 in mano a un trustee coniugale e 32.635 detenute tramite un piano 401(k).

Bentley Systems persona informante David R. Shaman, Director Legal, recibió 367 acciones Clase B el 30/09/2025 como derechos equivalentes a dividendos que vencieron bajo las mismas condiciones que las adjudicaciones subyacentes. El expediente muestra que estas acciones se emitieron a un precio de $0.00 y aumentaron la propiedad beneficiaria directa del Sr. Shaman a 639,690 acciones Clase B. Las participaciones indirectas adicionales incluyen 279,308 acciones en Grantor Retained Annuity Trusts, 55,527 en posesión de un fideicomisario conyugal y 32,635 poseídas a través de un plan 401(k).

Bentley Systems 보고자 David R. Shaman, 최고법무책임자(CLO), 2025년 9월 30일에 367 주의 클래스 B 주식을 배당금 등가 권리로 받았으며 기초 보상과 동일한 조건으로 귀속되었습니다. 신고서에 따르면 이 주식은 $0.00에 발행되었고 샤만 씨의 직접 유익한 소유가 639,690 주의 클래스 B 주식으로 증가했습니다. 추가 간접 보유로는 Grantor Retained Annuity Trusts에 있는 279,308 주, 배우자 수탁자 소유의 55,527 주, 그리고 401(k) 플랜을 통해 보유한 32,635 주가 포함됩니다.

Bentley Systems personne déclarante David R. Shaman, Directeur juridique, a reçu 367 actions de classe B le 30/09/2025 en droits équivalents à des dividendes qui se sont acquises selon les mêmes termes que les attributions sous-jacentes. Le dépôt indique que ces actions ont été émises à un prix de $0.00 et ont porté la propriété bénéficiaire directe de M. Shaman à 639 690 actions de classe B. D’autres participations indirectes incluent 279 308 actions dans des Grantor Retained Annuity Trusts, 55 527 détenues par un fiduciaire du conjoint et 32 635 détenues via un plan 401(k).

Bentley Systems meldende Person David R. Shaman, Chief Legal Officer, erhielt am 30.09.2025 367 Class-B-Aktien als Dividenden-Äquivalenzrechte, die zu denselben Bedingungen wie die zugrunde liegenden Zuwendungen vesteten. Die Einreichung zeigt, dass diese Aktien zu einem Preis von $0.00 ausgegeben wurden und die direkte begünstigte Eigentümerschaft von Herrn Shaman auf 639.690 Class-B-Aktien anstieg. Weitere indirekte Beteiligungen umfassen 279.308 Aktien in Grantor Retained Annuity Trusts, 55.527 im Besitz eines Ehepartner-Verwalters und 32.635, die über einen 401(k)-Plan gehalten werden.

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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Shaman David R.

(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 Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
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 09/30/2025 A(1) 367 A $0.00 639,690 D
Class B Common Stock 279,308 I By Grantor Retained Annuity Trusts
Class B Common Stock 55,527 I By Spouse Trustee
Class B Common Stock 32,635 I By 401(K) Plan
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 10/02/2025
** 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 4 (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.

FAQ

What did Bentley Systems insider David R. Shaman report on Form 4 (BSY)?

The Form 4 reports Mr. Shaman received 367 Class B shares on 09/30/2025 as dividend-equivalent rights that vested on the same terms as the related awards.

How many Class B shares does David R. Shaman beneficially own after the transaction?

After the reported transaction, Mr. Shaman beneficially owns 639,690 Class B shares directly, plus indirect holdings of 279,308, 55,527, and 32,635.

Was the acquisition a cash purchase?

No. The 367 shares were issued as dividend-equivalent rights and reported with a price of $0.00.

When was the Form 4 signed and filed?

The filing shows the signature by Attorney-in-Fact Michael T. Fischette dated 10/02/2025, and the transaction date is 09/30/2025.

Does the Form 4 indicate the nature of the indirect holdings?

Yes. Indirect holdings are identified as Grantor Retained Annuity Trusts, a spouse trustee, and a 401(k) plan.
Bentley Systems Inc

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EXTON