Bentley Systems (BSY) CRO has 4,147 shares withheld to cover tax on vesting

Rhea-AI Filing Summary

Bentley Systems Chief Revenue Officer Brock Ballard reported a routine tax-related share disposition. On the vesting of previously granted awards, 4,147 shares of Class B common stock were withheld by Bentley Systems to cover his tax obligations at a price of $38.19 per share.

After this withholding, Ballard directly holds 93,965 Class B shares, indicating the event reflects compensation-related tax settlement rather than an open-market sale.

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

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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^*

Ballard Brock

(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 Revenue Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		F(1)		4,147	D	$38.19	93,965	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	03/17/2026
	** 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).
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FAQ

What insider transaction did Bentley Systems (BSY) report for Brock Ballard?

Bentley Systems (BSY) reported that Chief Revenue Officer Brock Ballard had 4,147 Class B shares withheld to cover taxes due upon vesting of prior equity awards, rather than executing an open-market sale of stock.

How many Bentley Systems (BSY) shares were withheld for Brock Ballard’s taxes?

A total of 4,147 shares of Bentley Systems (BSY) Class B common stock were withheld by the company to satisfy Brock Ballard’s tax obligations arising from the vesting of previously granted equity awards.

What price per share was used for Brock Ballard’s tax withholding at Bentley Systems (BSY)?

The tax withholding for Brock Ballard’s equity vesting used a price of $38.19 per share for the 4,147 Class B shares withheld, according to the Form 4 data for Bentley Systems (BSY).

How many Bentley Systems (BSY) shares does Brock Ballard hold after the tax withholding?

Following the tax withholding of 4,147 shares, Brock Ballard directly holds 93,965 shares of Bentley Systems (BSY) Class B common stock, as reported in the Form 4 insider filing.

Was Brock Ballard’s Bentley Systems (BSY) transaction an open-market sale?

No, Brock Ballard’s Bentley Systems (BSY) transaction was not an open-market sale. The 4,147 Class B shares were withheld by the issuer solely to cover taxes due upon vesting of previously granted awards.