Bentley Systems (BSY) CTO has 3,007 shares withheld for tax obligations

Rhea-AI Filing Summary

Bentley Systems Chief Technology Officer Julien Moutte had 3,007 shares of Class B Common Stock withheld on April 1, 2026 to cover taxes due on previously granted awards that vested. This was a tax-withholding disposition, not an open-market sale. After this transaction, he directly holds 90,166 shares of Bentley Systems stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Moutte Julien

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class B Common Stock	3,007	$34.20	$103K

Holdings After Transaction: Class B Common Stock — 90,166 shares (Direct)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 3,007 shares Withholding price per share: $34.20 per share Shares held after transaction: 90,166 shares +1 more

4 metrics

Shares withheld for taxes 3,007 shares Tax-withholding disposition on April 1, 2026

Withholding price per share $34.20 per share Value used for 3,007 withheld shares

Shares held after transaction 90,166 shares Direct Class B Common Stock holdings post-transaction

Transaction type Tax-withholding disposition (Code F) Payment of tax liability by delivering securities

Key Terms

Class B Common Stock, tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, vesting of awards

4 terms

Class B Common Stock financial

"security_title: "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.

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Payment of exercise price or tax liability by delivering securities financial

"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""

vesting of awards financial

"vestings of awards previously granted to the Reporting Person"

Form 4 Insider Transactions: What Each Field Means →

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).

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 PENNSYLVANIA 19341

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

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

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

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	04/01/2026		F(1)		3,007	D	$34.2	90,166	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 shares withheld by the Issuer to cover taxes due by the Reporting Person upon the vesting of awards previously granted to the Reporting Person.

	/s/ Michael T. Fischette, Attorney-in-Fact	04/03/2026
	** 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 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Bentley Systems (BSY) disclose in this Form 4 for Julien Moutte?

Bentley Systems reported that CTO Julien Moutte had 3,007 Class B shares withheld to cover taxes on vested awards. This routine tax-withholding disposition was not an open-market sale, and he now directly holds 90,166 Bentley Systems shares after the transaction.

How many Bentley Systems (BSY) shares were withheld for Julien Moutte’s taxes?

The filing shows 3,007 shares of Bentley Systems Class B Common Stock were withheld to satisfy tax obligations. These shares relate to the vesting of previously granted awards and were not sold on the open market, but retained by the issuer for tax payment.

What price per share was used for the tax-withholding on Bentley Systems (BSY) stock?

The tax-withholding disposition used a price of $34.20 per share for 3,007 Class B shares. This price is used solely for calculating the value of shares withheld to pay taxes due on the vesting of prior equity awards to CTO Julien Moutte.

How many Bentley Systems (BSY) shares does Julien Moutte hold after this Form 4 transaction?

After the tax-withholding transaction, Julien Moutte directly holds 90,166 shares of Bentley Systems Class B Common Stock. This figure reflects his remaining stake following the 3,007-share withholding to cover taxes related to the vesting of previously granted awards.

Was the Bentley Systems (BSY) Form 4 transaction an open-market sale by Julien Moutte?

No, the transaction was not an open-market sale. The 3,007 shares were withheld by Bentley Systems to cover Julien Moutte’s tax liability from vesting awards, a routine compensation-related event rather than a discretionary sale of shares into the market.