Form 4: Altair Engineering CEO James Scapa Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Altair Engineering's CEO, James Scapa, sold a small portion of his Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 17, 2025, James Ralph Scapa, CEO of Altair Engineering Inc., sold 9 shares of Class A Common Stock at a price of $111.3 per share.
- The sale was executed to satisfy tax withholding obligations related to the vesting of Class A Common Stock restricted stock units.
- Following the transaction, Scapa directly owns 190,505 shares of Class A Common Stock, which includes 129,152 unvested restricted stock units.
- Scapa's wife indirectly owns 1,184 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral. The filing reflects a routine transaction to cover tax obligations, which is not inherently positive or negative.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of transaction: James Scapa sold shares of Class A Common Stock. |
| 03/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Altair Engineering, ALTR, James Scapa, Stock Sale, Tax Obligations, Restricted Stock Units, Beneficial Ownership, Insider Trading
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