Bentley Systems (BSY) director gifts 250,000 Class B common shares

Rhea-AI Filing Summary

Bentley Systems Inc director and large shareholder Raymond B. Bentley reported a bona fide gift of 250,000 shares of Class B Common Stock on March 12, 2026, at a stated price of $0.00 per share. After this disposition, he directly holds 14,810,613 Class B shares, with additional indirect holdings of 125,000 shares held by his spouse and 92,654 shares held through a 401(k) plan.

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).

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^*

Bentley Raymond B.

(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)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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	03/12/2026		G		250,000	D	$0	14,810,613	D
Class B Common Stock								125,000	I	By Spouse
Class B Common Stock								92,654	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:

	/s/ Michael T. Fischette, Attorney-in-Fact	03/16/2026
	** 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.

FAQ

What insider transaction did Raymond B. Bentley report for Bentley Systems (BSY)?

Raymond B. Bentley reported a bona fide gift of shares. He disposed of 250,000 shares of Bentley Systems Class B Common Stock as a bona fide gift on March 12, 2026, at a reported transaction price of $0.00 per share.

How many Bentley Systems (BSY) shares did Raymond B. Bentley gift?

He gifted 250,000 Class B Common shares. The filing records a single non-derivative transaction coded as a bona fide gift, transferring 250,000 shares of Class B Common Stock at a reported price of $0.00 per share.

What are Raymond B. Bentley’s direct Bentley Systems (BSY) holdings after this Form 4?

He directly holds 14,810,613 Class B shares. Following the 250,000-share gift disposition, his direct ownership of Bentley Systems Class B Common Stock totals 14,810,613 shares, as stated in the post-transaction holdings column.

What indirect Bentley Systems (BSY) holdings are reported for Raymond B. Bentley?

Indirect holdings are reported via spouse and 401(k) plan. The Form 4 shows 125,000 Class B shares held indirectly by his spouse and 92,654 Class B shares held indirectly through a 401(k) plan as of the reporting date.

Does the Bentley Systems (BSY) Form 4 show any insider share sales or purchases?

The filing shows a gift, not market trades. The only recorded disposition is a bona fide gift of 250,000 Class B shares. Transaction flags indicate no open-market buys or sales in Bentley Systems shares on the reported date.

What transaction code is used for the Bentley Systems (BSY) insider gift?

The transaction is coded as “G” for bona fide gift. This non-derivative transaction involves 250,000 Class B Common shares and is labeled with the standard Form 4 code G, indicating a bona fide gift rather than a market sale.