Bentley Systems COO reports tax withholding of 9,166 BSY shares

Bentley Systems, Inc. Chief Operating Officer filed a Form 4 reporting a routine share withholding related to equity compensation.

Rhea-AI Filing Summary

Bentley Systems, Inc. Chief Operating Officer filed a Form 4 reporting a routine share withholding related to equity compensation. On 12/15/2025, 9,166 shares of Class B common stock were disposed of at a price of $40.25 per share, coded "F" to indicate shares withheld by the company to cover taxes due upon vesting of previously granted awards. After this tax withholding, the officer beneficially owns 163,290 shares of Class B common stock directly.

Insider Trade Summary

Exercise Price or Tax Liability: 9,166 shares

Exercise Price or Tax Liability 1 txn

Insider Lee James K

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class B Common Stock	9,166	$40.25	$369K

Holdings After Transaction: Class B Common Stock — 163,290 shares (Direct)

Footnotes (1)

1. F1. 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.

FAQ

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

What insider transaction did Bentley Systems (BSY) report on this Form 4?

The Chief Operating Officer reported the disposition of 9,166 shares of Class B common stock on 12/15/2025, tied to equity compensation vesting.

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

No. The transaction is coded "F", meaning the 9,166 shares were withheld by the issuer to cover taxes due on vesting of prior awards.

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

Following the reported tax withholding, the Chief Operating Officer beneficially owns 163,290 shares of Bentley Systems Class B common stock directly.

What security class is involved in this Bentley Systems (BSY) Form 4 filing?

The filing involves Class B common stock of Bentley Systems, Inc. reported under the non-derivative securities table.

Does this Bentley Systems (BSY) Form 4 report any derivative securities?

The derivative securities table is present but does not list any specific derivative transactions or holdings in the provided excerpt.

Who is the reporting person in this Bentley Systems (BSY) insider transaction?

The reporting person is an officer of Bentley Systems, Inc., serving as Chief Operating Officer, filing individually as one reporting person.

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

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Accepted by SEC EDGAR 12/17/2025 - 04:15 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^*

Lee James K

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		F(1)		9,166	D	$40.25	163,290	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	12/17/2025
	** 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.