Form 4: Altair Engineering CFO Matthew Brown Sells Shares
SEC Form 4 Filing
Matthew Charles Brown, CFO of Altair Engineering Inc., sold 883 shares of Class A Common Stock on March 4, 2024, at a price of $85.32 per share.
Summary
- On March 4, 2024, Matthew Charles Brown, the Chief Financial Officer of Altair Engineering Inc., sold 883 shares of Class A Common Stock.
- The sale was executed at a price of $85.32 per share.
- Following the transaction, Brown directly owns 47,859 shares of Class A Common Stock, which includes 29,937 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company insider. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by investors.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- Shareholders may react to the news of the CFO selling shares, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: Matthew Brown sold shares of ALTR |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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