Bentley Systems CFO reports small share grant via dividend

Bentley Systems, Inc. reported a routine insider equity transaction by its Chief Financial Officer.

Rhea-AI Filing Summary

Bentley Systems, Inc. reported a routine insider equity transaction by its Chief Financial Officer. On 12/11/2025, the CFO acquired 157 shares of Class B common stock at a reported price of $0.00.

These shares represent dividend equivalent rights that accrued in connection with a dividend paid on previously granted awards and will vest on the same terms as those underlying awards. Following this transaction, the CFO directly beneficially owns 351,363 shares of Class B common stock.

Insider Trade Summary

Grant/Award: 157 shares

Grant/Award 1 txn

Insider Andre Werner

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	157	$0.00	$0.00

Holdings After Transaction: Class B Common Stock — 351,363 shares (Direct)

Footnotes (1)

1. F1. 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.

FAQ

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

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

The filing reports that the Chief Financial Officer acquired 157 shares of Class B common stock on 12/11/2025 through a routine equity-related transaction.

How many Bentley Systems (BSY) shares does the CFO own after this transaction?

After the reported transaction, the Chief Financial Officer beneficially owns 351,363 shares of Bentley Systems Class B common stock in direct ownership.

What was the price of the Bentley Systems (BSY) shares acquired by the CFO?

The 157 shares of Bentley Systems Class B common stock acquired by the CFO were reported at a price of $0.00 per share.

What are the dividend equivalent rights mentioned in the Bentley Systems (BSY) filing?

The filing explains that the 157 shares represent dividend equivalent rights that accrued to the CFO in connection with a dividend paid on previously granted awards and will vest on the same terms as those awards.

Was this Bentley Systems (BSY) CFO transaction an open-market purchase or sale?

No open-market purchase or sale is indicated; the filing describes the acquisition of 157 shares as dividend equivalent rights tied to existing awards, with a reported price of $0.00.

What is the role of the reporting person in this Bentley Systems (BSY) insider filing?

The reporting person in this filing is an officer of Bentley Systems, serving as the company’s Chief Financial Officer.

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

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Accepted by SEC EDGAR 12/15/2025 - 04:26 PM Learn about SEC filing dates

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^*

Andre Werner

(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 Financial 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)		157	A	$0.00	351,363	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.
* 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.