Raymond Vicks Jr. - 24 May 2023 Form 4 Insider Report for Tenable Holdings, Inc. (TENB)

Role
Director
Signature
/s/ David Bartholomew, Attorney-in-Fact
Issuer symbol
TENB
Transactions as of
24 May 2023
Net transactions value
-$57,925
Form type
4
Filing time
25 May 2023, 17:58:45 UTC
Previous filing
11 May 2023
Next filing
10 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TENB Common Stock Options Exercise $0 +4,044 +238% $0.000000 5,741 24 May 2023 Direct
transaction TENB Common Stock Sale $57,925 -1,496 -26% $38.72 4,245 25 May 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TENB Restricted Stock Units Options Exercise $0 -4,044 -100% $0.000000* 0 24 May 2023 Common Stock 4,044 Direct F2, F3
transaction TENB Restricted Stock Units Award $0 +5,201 $0.000000 5,201 24 May 2023 Common Stock 5,201 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock.
F3 100% of the shares underlying the RSUs vested on May 24, 2023.
F4 100% of the shares underlying the RSUs vest on the earlier of May 24, 2024 or the Issuer's next annual shareholder meeting, subject to the Reporting Person's continuous service with the Issuer as of the applicable vesting date, and subject to accelerated vesting in specified circumstances.