TENB Form 4: Principal Accounting Officer executes automatic sell-to-cover of 670 shares
Rhea-AI Filing Summary
Tenable Holdings insider sale to satisfy tax withholding after RSU vesting Anschutz Barron, listed as Principal Accounting Officer of Tenable Holdings (TENB), reported the automatic sale of 670 shares of common stock on 08/26/2025 at a price of $29.84 per share. The filing states the sale was a "sell to cover" executed to satisfy tax withholding obligations tied to restricted stock unit vesting and was not a discretionary trade. After the transaction Anschutz Barron beneficially owned 60,365 shares, held directly. The Form 4 was signed by an attorney-in-fact on 08/27/2025.
Positive
- Clear disclosure of the sale as a non-discretionary "sell to cover" to satisfy tax withholding
- Timely and properly signed Form 4 filing with reporting person role (Principal Accounting Officer) identified
Negative
- None.
Insights
TL;DR: Routine non-discretionary sell-to-cover; no new information on performance or intent.
This Form 4 documents a common post-vesting tax-withholding sale of 670 shares at $29.84 each. Such transactions are administrative and do not indicate a change in the officer's investment stance or signal corporate developments. The remaining direct beneficial ownership of 60,365 shares provides continuity in ownership metrics. For investors, this filing is informational and not material to the company’s operating outlook.
TL;DR: Proper disclosure of a non-discretionary sale demonstrates compliance with Section 16 reporting requirements.
The reporting person identified role and relationship to the issuer and disclosed the sale reason explicitly as tax-withholding on vested RSUs. The signature by an attorney-in-fact and timely filing (transaction 08/26/2025, signature 08/27/2025) reflect appropriate procedural adherence. No governance concerns arise from the details provided.