Bisected founder stake: Corinne Bentley owns 13.2% Class B

Bentley Systems Inc. Schedule 13G/A amendment discloses that Corinne Patricia Bentley beneficially owns 38,621,698 shares of Class B common stock, representing 13.2% of the Class B shares outstanding as of March 31, 2026.

Rhea-AI Filing Summary

Bentley Systems Inc. Schedule 13G/A amendment discloses that Corinne Patricia Bentley beneficially owns 38,621,698 shares of Class B common stock, representing 13.2% of the Class B shares outstanding as of March 31, 2026. The filing breaks ownership into 37,415,330 shares with sole voting and dispositive power and 1,206,368 shares held jointly with her spouse. It states 291,731,567 Class B shares were outstanding as of that date and that Class A shares carry a 29-to-1 voting ratio; on a combined-vote basis the reporting person has sole/shared voting power over 6.2% and dispositive power over 15.4% of the common stock.

Insights

Corporate Governance Analyst

Large founder-family stake reported with trustee and trust holdings.

The filing shows 38,621,698 Class B shares linked to Corinne Patricia Bentley through direct holdings, trusts, and a joint spousal holding. Ownership is detailed by voting and dispositive powers, reflecting trustee responsibilities across family trusts.

Key dependency is the 29-to-1 Class A voting structure noted; the combined-vote percentages (6.2% voting, 15.4% dispositive) illustrate how dual-class structure changes control math. Subsequent filings may clarify whether any holdings are subject to transfer or trust changes.

Key Figures

Class B shares beneficially owned: 38,621,698 shares Percent of Class B outstanding: 13.2% Sole voting power: 37,415,330 shares +5 more

8 metrics

Class B shares beneficially owned 38,621,698 shares as of March 31, 2026

Percent of Class B outstanding 13.2% based on 291,731,567 Class B shares outstanding as of March 31, 2026

Sole voting power 37,415,330 shares reported sole power to vote or direct the vote

Shared voting power 1,206,368 shares held jointly with spouse

Class B shares outstanding 291,731,567 shares as disclosed in proxy statement as of March 31, 2026

Class A shares outstanding 11,515,127 shares as of March 31, 2026

Combined-vote voting power 6.2% after giving effect to 29:1 Class A voting ratio

Combined-vote dispositive power 15.4% after giving effect to 29:1 Class A voting ratio

Key Terms

beneficially owned, grantor retained annuity trust, sole dispositive power, 29-to-1 voting ratio, +1 more

5 terms

beneficially owned regulatory

"Amount beneficially owned: 38,621,698"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

grantor retained annuity trust financial

"held through a grantor retained annuity trust of which the Reporting Person is trustee"

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 37,415,330"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

29-to-1 voting ratio corporate governance

"Each share of Class A common stock is entitled to 29 votes"

shares outstanding as of regulatory

"291,731,567 shares of Class B common stock outstanding as of March 31, 2026"

FAQ

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

What percentage of Bentley Systems (BSY) Class B stock does Corinne Patricia Bentley own?

She beneficially owns 38,621,698 Class B shares, equal to 13.2% of Class B shares outstanding as of March 31, 2026. The percentage is calculated from 291,731,567 Class B shares disclosed in the proxy statement.

How many Class B shares does Corinne Bentley have sole voting power over?

The filing reports sole voting power over 37,415,330 Class B shares. It also lists 1,206,368 shares with shared voting power, reflecting joint and trust arrangements described in the amendment.

How does the Class A to Class B voting ratio affect her control?

Each Class A share carries 29 votes. Assuming conversion, the filing states she has sole/shared voting power over 6.2% of common stock and sole/shared dispositive power over 15.4%, reflecting the dual-class impact.

What holdings are in trusts or joint ownership for Corinne Bentley?

The filing discloses 12,696,921 Class B shares in a grantor retained annuity trust, 37,415,330 held by 19 family trusts where she is trustee, and 1,206,368 shares held jointly with her spouse.

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

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Accepted by SEC EDGAR 05/15/2026 - 02:19 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

BENTLEY SYSTEMS INC

(Name of Issuer)

Class B Common Stock

(Title of Class of Securities)

08265T208

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 08265T208

1

Names of Reporting Persons

Bentley Corinne Patricia

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 37,415,330.00
6	Shared Voting Power 1,206,368.00
7	Sole Dispositive Power 37,415,330.00
8	Shared Dispositive Power 1,206,368.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

38,621,698.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.2 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Shares owned reflects (a) 1,206,368 shares of Class B common stock held jointly with the Reporting Person's spouse, (b) 12,696,921 shares of Class B common stock held through a grantor retained annuity trust of which the Reporting Person is trustee and as to which the Reporting Person's spouse is entitled to annuity payments and shares voting but not dispositive power, and (c) 37,415,330 shares of Class B common stock held directly by 19 family trusts of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of any other shares of Class B common stock beneficially owned by her spouse. 13.2% is based on 291,731,567 shares of Class B common stock outstanding as of as of March 31, 2026, as disclosed in the Proxy Statement on Schedule 14A as filed by the Issuer with the Securities and Exchange Commission on April 10, 2026. There were 11,515,127 shares of Class A common stock outstanding as of March 31, 2026. Each share of Class B common stock is entitled to one vote, and each share of Class A common stock is entitled to 29 votes. The percentage reported excludes the Class A common stock. After giving effect to the 29 to 1 vote power of the Class A common stock and assuming the conversion of the Class A common stock to Class B common stock, the Reporting Person has sole or shared voting power with respect to 6.2% of the Issuer's common stock and sole or share dispositive power with respect to 15.4% of the Issuer's common stock.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BENTLEY SYSTEMS INC
(b)	Address of issuer's principal executive offices: 685 Stockton Drive, Exton, PA 19341
Item 2.
(a)	Name of person filing: Corinne Patricia Bentley
(b)	Address or principal business office or, if none, residence: c/o Bentley Systems, Incorporated, 685 Stockton Drive, Exton, Pennsylvania 19341
(c)	Citizenship: United States of America
(d)	Title of class of securities: Class B Common Stock
(e)	CUSIP No.: 08265T208
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 38,621,698
(b)	Percent of class: 13.2% Based upon 291,731,567 shares of Class B common stock outstanding as of as of March 31, 2026, as disclosed in the Proxy Statement on Schedule 14A as filed by the Issuer with the Securities and Exchange Commission on April 10, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 37,415,330
	(ii) Shared power to vote or to direct the vote: 1,206,368
	(iii) Sole power to dispose or to direct the disposition of: 37,415,330
	(iv) Shared power to dispose or to direct the disposition of: 1,206,368
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Bentley Corinne Patricia

Signature:	/s/ Corinne Patricia Bentley
Name/Title:	Corinne Patricia Bentley
Date:	05/15/2026