TENB Form 144 Notice: 28,500 Vested Shares Proposed for Sale on NASDAQ
Rhea-AI Filing Summary
Tenable Holdings, Inc. (TENB) filing a Form 144 notifies the market of a proposed sale of 28,500 common shares with an aggregate market value of $862,219.04, planned approximately for 08/25/2025 on NASDAQ. The filing reports the shares were acquired on 08/22/2025 through restricted stock vesting from the issuer and were paid as compensation.
The filing also discloses a prior sale by the same person: 2,483 common shares sold on 05/27/2025 for gross proceeds of $80,571.62. The form includes a representation that the signer does not possess undisclosed material adverse information. Certain issuer contact fields in the Form 144 content are blank or not provided in the document.
Positive
- Disclosure filed under Rule 144 providing transparent notice of a proposed insider sale
- Securities were acquired via restricted stock vesting, clearly labeled as compensation
- Prior sale history disclosed (2,483 shares sold on 05/27/2025 for $80,571.62), improving transaction traceability
Negative
- Insider proposes to sell 28,500 shares (aggregate market value $862,219.04), which could be perceived negatively by some investors
- Issuer contact fields are blank or not provided in the form content, reducing administrative completeness
Insights
TL;DR: Insiders disclosed a planned sale of vested restricted shares (28,500 shares, ~$862k) with a recent small sale in May; filing meets disclosure rules.
The Form 144 shows a proposed block sale tied to restricted stock vesting and recorded as compensation, which is routine for equity-based pay. The filing quantifies the position being offered and the expected market value, supporting market transparency. The prior sale of 2,483 shares for $80,571.62 is also disclosed, which helps track recent insider liquidity. Missing issuer contact fields reduce administrative completeness but do not change the substantive disclosure of the proposed sale.
TL;DR: This is a standard Rule 144 notice for disposition of vested compensation shares; disclosure satisfies procedural requirements but provides limited strategic insight.
The filing identifies the nature of acquisition (restricted stock vesting) and characterizes payment as compensation, which aligns with executive/employee equity plans. The declaration that no undisclosed material information is known is standard and required. The absence of detailed issuer contact information in the form is an administrative gap but the essential elements for investor notice—share count, value, acquisition date, and proposed sale date—are present.