Form 4: Altair Engineering CFO Matthew Brown Sells Shares
SEC Form 4 Filing
Matthew Brown, CFO of Altair Engineering Inc., sold 4,363 shares of Class A Common Stock on February 28, 2024.
Summary
- On February 28, 2024, Matthew Brown, the Chief Financial Officer of Altair Engineering Inc., sold 4,363 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $83.651 per share, with individual transactions ranging from $83.65 to $83.89.
- Following the transaction, Brown directly owns 48,742 shares of Class A Common Stock, which includes 32,000 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. The sale itself doesn't necessarily indicate a negative outlook, as executives may sell shares for various personal financial planning reasons.
Stakeholder Impact
- The sale of shares by a high-ranking executive could potentially influence investor sentiment, although the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the stock sale transaction. |
| 02/29/2024 | Date of signature for the Form 4 filing. |
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