BENTLEY SYSTEMS INC Amended Passive Investment Disclosure

Kayne Anderson Rudnick Investment Management, LLC filed an amended Schedule 13G reporting its beneficial ownership of Bentley Systems Inc Class B ordinary shares.

Accepted by SEC EDGAR 02/13/2026 - 04:05 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Kayne Anderson Rudnick Investment Management, LLC filed an amended Schedule 13G reporting its beneficial ownership of Bentley Systems Inc Class B ordinary shares. As of the event date, it beneficially owned 12,870,324 shares, representing 4.4% of the class.

The firm reported sole voting power over 9,980,836 shares and shared voting power over 2,813,758 shares. It also has sole dispositive power over 10,056,566 shares and shared dispositive power over 2,813,758 shares. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Bentley Systems.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Bentley Systems Inc

(Name of Issuer)

Bentley Systems Ord Shs Class B

(Title of Class of Securities)

08265T208

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. 08265T208

1

Names of Reporting Persons

Kayne Anderson Rudnick Investment Management, LLC

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

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,980,836.00
6	Shared Voting Power 2,813,758.00
7	Sole Dispositive Power 10,056,566.00
8	Shared Dispositive Power 2,813,758.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,870,324.00

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)

4.4 %

12

Type of Reporting Person (See Instructions)

IA

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, US
Item 2.
(a)	Name of person filing: Kayne Anderson Rudnick Investment Management, LLC
(b)	Address or principal business office or, if none, residence: 2000 Avenue of the Stars, Suite 1110, Los Angeles, 90067, CA, United States
(c)	Citizenship: CA
(d)	Title of class of securities: Bentley Systems Ord Shs Class B
(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: 12,870,324
(b)	Percent of class: 4.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 9,980,836
	(ii) Shared power to vote or to direct the vote: 2,813,758
	(iii) Sole power to dispose or to direct the disposition of: 10,056,566
	(iv) Shared power to dispose or to direct the disposition of: 2,813,758
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Kayne Anderson Rudnick Investment Management, LLC

Signature:	/s/Michael Shoemaker
Name/Title:	Chief Compliance Officer
Date:	02/13/2026