Form 4: Altair Engineering CEO James Scapa Executes Stock Transactions

James Scapa, CEO of Altair Engineering, reports the acquisition and disposition of Class A and Class B Common Stock through a 10b5-1 plan and other entities.

Summary

• On August 28, 2024, James Scapa, CEO of Altair Engineering Inc., engaged in multiple transactions involving Class A and Class B Common Stock.
• Scapa acquired 6,500 shares of Class A Common Stock through a declaration of trust and another 6,500 shares through JRS Investments LLC.
• He also sold 5,010 shares of Class A Common Stock at a weighted average price of $88.8893 and 1,490 shares at a weighted average price of $89.5327 through both the declaration of trust and JRS Investments LLC.
• These sales were executed under a pre-arranged 10b5-1 trading plan established on March 11, 2024.
• Following these transactions, Scapa directly owns 134,045 shares of Class A Common Stock and indirectly owns shares through a trust, JRS Investments LLC, and his wife.
• He also indirectly owns 10,260,610 shares of Class B Common Stock through a trust and 6,646,182 shares through JRS Investments LLC.
• The transactions included the conversion of 6,500 Class B Common Stock to Class A Common Stock through a trust and another 6,500 through JRS Investments LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales by the CEO could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
• The transactions have a limited impact on employees, customers, suppliers, and creditors.

Key Dates