BSY: CFO Records 125 Dividend-Equivalent Shares; Total Holdings 351,206

Rhea-AI Filing Summary

Andre Werner, the Chief Financial Officer of Bentley Systems, Inc. (BSY), reported an acquisition of 125 shares of Class B Common Stock on 09/30/2025 at a reported price of $0.00. The filing states these 125 shares represent dividend equivalent rights that accrued in connection with a dividend on previously granted awards and that they vest on the same terms as the underlying awards. After the transaction, Mr. Werner beneficially owns 351,206 shares of Class B common stock. The filing also notes that this total includes shares acquired through the Bentley Global Employee Stock Purchase Plan for the offering period ended 06/30/2025, based on enrollment and contributions made in December 2024. The form is signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Participation in ESPP: Includes shares acquired via the Global Employee Stock Purchase Plan for the period ended 06/30/2025
• Dividend equivalents vested: 125 shares were recorded as dividend-equivalent rights that vest on the same terms as underlying awards

Negative

• None.

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).

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)
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)		125	A	$0.00	351,206(2)	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.

2. Includes shares of Class B Common Stock acquired by the Reporting Person through the Bentley Systems, Incorporated Global Employee Stock Purchase Plan for an offering period ended on June 30, 2025 for which the Reporting Person's enrollment and contribution elections were made in December 2024.

	/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.
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FAQ

What transaction did Bentley Systems (BSY) CFO Andre Werner report on Form 4?

The CFO reported an acquisition of 125 shares of Class B Common Stock on 09/30/2025, recorded at a price of $0.00 as dividend-equivalent rights.

How many Bentley Systems (BSY) Class B shares does Andre Werner beneficially own after the reported transaction?

After the transaction, the reporting person beneficially owns 351,206 shares of Class B common stock.

What is the source of the 125 shares reported on the Form 4 for BSY?

The filing states the 125 shares represent dividend equivalent rights that accrued from a dividend on previously granted awards and vest on the same terms as those awards.

Does the Form 4 mention employee stock purchase plan purchases for BSY?

Yes. The filing notes the beneficial ownership total includes shares acquired through the Bentley Global Employee Stock Purchase Plan for the offering period ended 06/30/2025, with enrollment and contributions made in December 2024.

When was the Form 4 signed on behalf of the reporting person?

The signature block shows the form was signed by an attorney-in-fact on 10/02/2025.