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Tenable (TENB) Rule 144 Notice: 15,000 Shares to Be Sold on NASDAQ

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Tenable Holdings, Inc. (TENB) reported a Rule 144 notice to sell restricted/common stock. The filing discloses a proposed sale of 15,000 common shares through Rockefeller Capital Management with an aggregate market value of $462,040.42, scheduled approximately for 09/09/2025 on NASDAQ. The shares were originally acquired in the company's 07/26/2018 initial public offering and were paid for in cash/check. The filing also lists a recent sale by related parties of 4,622 shares on 09/04/2025 generating $139,114.21 in gross proceeds. The filer certifies no undisclosed material adverse information is known.

Positive

  • Disclosure complies with Rule 144, providing broker, share count, market value, and sale timing
  • Sale size is small relative to reported outstanding shares (15,000 vs 121,100,000), suggesting limited market impact

Negative

  • Insider/affiliate liquidity activity can be interpreted by some investors as a desire to monetize holdings
  • Recent related-party sale of 4,622 shares for $139,114.21 may prompt questions about ongoing insider selling

Insights

TL;DR: Routine Rule 144 notice for an insider/affiliate sale; procedural disclosure, not a corporate operational event.

The filing documents a standard Rule 144 notice for the sale of restricted/common shares previously acquired in the IPO. Key elements—number of shares (15,000), broker (Rockefeller Capital Management), market value ($462,040.42), and exchange (NASDAQ)—are provided and align with disclosure requirements for affiliated holders seeking to resell restricted securities. The inclusion of a recent affiliated sale (4,622 shares for $139,114.21) provides additional context on recent liquidity activity by related parties. This is a compliance-driven disclosure and does not report company financials or operational changes.

TL;DR: Sale size is small relative to typical public float; likely limited market impact but signals insider liquidity.

The proposed 15,000-share sale with a stated market value of $462k is modest relative to the reported outstanding shares figure (121,100,000), implying a fractional portion of the float. The filing confirms original acquisition at IPO and immediate payment method, indicating these are legacy restricted shares being monetized. While not a material corporate development, investors may view such filings as routine insider liquidity events rather than indicators of negative company developments.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the TENB Form 144 disclose?

The notice discloses a proposed sale of 15,000 common shares via Rockefeller Capital Management with an aggregate market value of $462,040.42, to be sold on NASDAQ around 09/09/2025.

When and how were the shares being sold originally acquired?

The shares were acquired in the initial public offering on 07/26/2018 and paid for by cash/check.

Has any related sale of TENB shares occurred recently?

Yes. The filing lists a related-party sale of 4,622 shares on 09/04/2025, producing $139,114.21 in gross proceeds.

Who is handling the proposed sale of TENB shares?

The broker named in the filing is Rockefeller Capital Management located at Two Embarcadero Center Suite 2320, San Francisco, CA.

Does the filing indicate undisclosed material information about TENB?

The signer represents that they do not know any material adverse information about the issuer that has not been publicly disclosed.
Tenable Holdings

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