Form 4: Altair Engineering CEO James Scapa Reports Stock Sale

James Scapa, CEO of Altair Engineering, reported the sale of 3,300 shares of Class A Common Stock on March 4, 2024.

Summary

• James Ralph Scapa, CEO of Altair Engineering Inc., filed a Form 4 with the SEC on March 5, 2024.
• The report details a transaction on March 4, 2024, where Scapa sold 3,300 shares of Class A Common Stock at a price of $85.32 per share.
• Following the transaction, Scapa directly owns 100,291 shares of Class A Common Stock, which includes 63,042 unvested restricted stock units.
• Scapa also indirectly owns 1,295 shares of Class A Common Stock through his wife, including 265 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard SEC filing reporting a stock sale by the CEO. The sale itself doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale could be for personal financial planning reasons and may not necessarily reflect a negative outlook on the company.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.

Key Dates