Amit Yoran - 01 Mar 2024 Form 4 Insider Report for Tenable Holdings, Inc. (TENB)

Role
President, CEO and Chairman, Director
Signature
/s/ David Bartholomew, Attorney-in-Fact
Issuer symbol
TENB
Transactions as of
01 Mar 2024
Transactions value $
-$437,800
Form type
4
Filing time
05 Mar 2024, 16:18:52 UTC
Previous filing
29 Feb 2024
Next filing
21 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TENB Common Stock Award $0 +668 +0.2% $0.000000 338,226 01 Mar 2024 Direct F1
transaction TENB Common Stock Options Exercise $42,500 +10,000 +2.96% $4.25* 348,226 04 Mar 2024 Direct
transaction TENB Common Stock Sale -$480,300 -10,000 -2.87% $48.03 338,226 04 Mar 2024 Direct F2, F3
holding TENB Common Stock 169,765 01 Mar 2024 By Grantor Retained Annuity Trust F4
holding TENB Common Stock 335,435 01 Mar 2024 By Grantor Retained Annuity Trust F5
holding TENB Common Stock 245,947 01 Mar 2024 By Trust F6

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 Employee Stock Option (right to buy) Options Exercise $0 -10,000 -0.54% $0.000000 1,858,055 04 Mar 2024 Common Stock 10,000 $4.25 Direct F7
* 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 These shares were acquired under the Issuer's Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $47.96 - 48.16, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F4 The Trustee of the Amit Yoran GRAT B is Amit Yoran.
F5 The Trustee of the Amit Yoran GRAT A is Amit Yoran.
F6 The Trustees of the Amit Yoran 2020 Family Trust are Dov Yoran and David Redling.
F7 100% of the shares underlying the option were vested as of January 1, 2021.