Tenable (TENB) Director Transfers Shares to Revocable Trusts, Files Form 4
Rhea-AI Filing Summary
Reporting person Seawell A. Brooke, a director of Tenable Holdings, Inc. (TENB), reported transactions dated 09/04/2025. The filing shows a sale/disposition of 4,622 shares of common stock at $30.12 per share (transaction code S) and additional dispositions totaling 9,230 shares and 15,000 shares reported as indirectly owned in trusts. Following the reported transactions, the filing lists 15,000 shares beneficially owned by an indirect trust. The explanatory notes state 4,622 shares were transferred on July 17, 2025, without consideration to the Rosemary and A. Brooke Seawell Revocable Trust; the reporting person is trustee of that trust and of the Alexander Brooke Seawell Revocable Trust. The Form 4 was signed by an attorney-in-fact on 09/05/2025.
Positive
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Negative
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Insights
TL;DR: Routine insider transfers to family revocable trusts and a reported disposition of 4,622 shares at $30.12 — appears administrative, not an operational signal.
The filing documents a mix of reported dispositions and transfers into trusts for Seawell A. Brooke, who is identified as a director. The sale/disposition of 4,622 shares at $30.12 is explicit; explanatory notes clarify that those shares were transferred without consideration to a revocable trust on July 17, 2025. The reporting person is trustee of two named family trusts. Given the nature of transfers to affiliated trusts and the filing being signed by an attorney-in-fact, this record is consistent with estate-planning or administrative re-titling rather than a direct change in operational exposure. No derivative transactions or other compensation-related issuances are reported.
TL;DR: Director re-titling and disposition to trusts documented; disclosure meets Section 16 reporting requirements with clear trustee relationships.
The Form 4 provides the necessary Section 16 disclosure: transaction codes, share amounts, and ownership form (direct versus indirect). It identifies the reporting person as a director and as trustee for two revocable trusts, with one transfer explicitly noted as occurring without consideration. The signature by an attorney-in-fact is included. From a governance perspective, the entry clarifies beneficial ownership structure but does not indicate a governance change, compensation event, or related-party transaction beyond trustee roles disclosed.