Form 4: Tenable Holdings Principal Accounting Officer Reports RSU Vesting and Tax-Related Stock Sale
Insider Transaction Report
Barron Anschutz, Principal Accounting Officer of Tenable Holdings, Inc., reported the vesting of restricted stock units and a subsequent non-discretionary sale of shares to cover tax withholding obligations.
Summary
- Barron Anschutz, Principal Accounting Officer of Tenable Holdings, Inc. (TENB), reported multiple transactions involving the vesting of Restricted Stock Units (RSUs) and a subsequent sale of common stock.
- On May 22, 2025, Mr. Anschutz acquired 1,337 shares and 1,258 shares of common stock upon the exercise/vesting of RSUs, with a reported acquisition price of $0 per share.
- On May 23, 2025, an additional 1,390 shares of common stock were acquired through RSU vesting, also at a reported price of $0 per share.
- Following these acquisitions, on May 23, 2025, Mr. Anschutz disposed of 1,245 shares of common stock at a price of $31.98 per share.
- This sale of 1,245 shares was explicitly stated as a "sell to cover" transaction, executed automatically to satisfy tax withholding obligations related to the RSU vesting, and was not a discretionary trade.
- After these reported transactions, Mr. Anschutz beneficially owned 57,905 shares of common stock.
- Remaining Restricted Stock Units (RSUs) beneficially owned after these transactions include 9,359, 13,838, and 4,170 units, each with specific vesting schedules.
Sentiment
Score: 5
Explanation: The document reports routine insider transactions related to equity compensation and tax obligations, which are neutral in nature and do not indicate any significant positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
N/A
Industry Context
N/A
Stakeholder Impact
- Shareholders: The sale of 1,245 shares by a Principal Accounting Officer, while small in volume and non-discretionary, slightly increases the float and could be perceived as a minor dilution, though its impact is negligible given the context of tax withholding.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Vesting date for 25% of certain Restricted Stock Units (RSUs), with the remainder vesting in equal quarterly installments over 3 years. |
| 02/22/2024 | Vesting date for 25% of certain Restricted Stock Units (RSUs), with the remainder vesting in equal quarterly installments over 3 years. |
| 02/22/2025 | Vesting date for 25% of certain Restricted Stock Units (RSUs), with the remainder vesting in equal quarterly installments over 3 years. |
| 05/22/2025 | Transaction date for the acquisition of 1,337 and 1,258 shares of Common Stock from RSU vesting. |
| 05/23/2025 | Transaction date for the acquisition of 1,390 shares of Common Stock from RSU vesting and the disposition of 1,245 shares for tax withholding. |
| 05/27/2025 | Date the Form 4 was signed by the Attorney-in-Fact. |
Keywords
Tenable Holdings, TENB, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Sell to Cover, Stock Sale, Corporate Officer, Beneficial Ownership, Tax Withholding
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