TENB Form 4: Director Raymond Vicks Jr. Transfers 1,500 Shares as Gift
Rhea-AI Filing Summary
Insider transfer of Tenable Holdings (TENB) shares via custodial gift. The Form 4 filed for Raymond Vicks Jr., a director, reports transactions dated 09/05/2025 showing transfers coded "G" (gift). The filing discloses 1,500 shares gifted (disposed) and 1,500 shares recorded as acquired into a custodial account established under the Uniform Transfer to Minors Act for his granddaughter. The reporting person serves as the custodian. Following the reported transactions the form shows 11,766 shares held directly and 4,500 shares held indirectly as custodian. The form is signed by an attorney-in-fact on 09/09/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Director executed a small non‑cash gift into a UTMA custodial account; governance implications are routine and non‑material.
The reported transactions are coded as gifts and involve a modest number of shares relative to typical director holdings. The transfer to a UTMA custodial account where the director is custodian is disclosed, which is consistent with personal estate planning and family transfers rather than compensation or sale activity. From a governance standpoint, the filing satisfies Section 16 reporting requirements and provides transparency on related‑party transfers. There is no indication of additional transactions, pledges, or derivative activity.
TL;DR: Transaction is a non‑cash gift; impact on outstanding float and insider ownership is immaterial based on disclosed quantities.
The Form 4 shows 1,500 shares transferred as a gift and 1,500 shares allocated to an indirect custodial position. Reported post‑transaction holdings are 11,766 shares direct and 4,500 shares indirect. There is no cash consideration reported. For investors monitoring insider activity, this is a permitted personal transfer and does not signal compensation, hedging, or an economic sale that would change insider alignment with shareholders.