Form 4: Altair Engineering CFO Matthew Brown Sells Shares to Cover Tax Obligations

Altair Engineering's CFO, Matthew Charles Brown, sold 3,811 shares of Class A Common Stock on February 26, 2025, to satisfy tax withholding obligations related to vesting restricted stock units.

Summary

• Matthew Charles Brown, CFO of Altair Engineering Inc., sold 3,811 shares of Class A Common Stock on February 26, 2025.
• The sale was executed at a price of $111.53 per share.
• The transaction was to cover tax withholding obligations associated with the vesting of Class A Common Stock restricted stock units.
• Following the transaction, Brown directly owns 69,394 shares, which includes 43,675 unvested Class A Common Stock restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.

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 provide transparency to investors regarding the transactions of company executives and directors.

Stakeholder Impact

• The sale of shares by a company insider can sometimes be perceived negatively by shareholders, but in this case, it's a routine transaction to cover tax obligations and is unlikely to have a significant impact.

Key Dates