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

Matthew Brown, CFO of Altair Engineering Inc., sold 742 shares of Class A Common Stock on March 3, 2025, to cover tax obligations related to vesting restricted stock units.

Summary

• Matthew Brown, the Chief Financial Officer of Altair Engineering Inc., sold 742 shares of Class A Common Stock on March 3, 2025.
• The sale was executed at a price of $111.45 per share.
• The transaction was conducted to satisfy tax withholding obligations associated with the vesting of Class A Common Stock restricted stock units.
• Following the transaction, Brown directly owns 68,652 shares of Class A Common Stock, which includes 41,612 unvested restricted stock units.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transaction is a routine sale to cover tax obligations and doesn't indicate a significant change in the executive's confidence in the company.

Industry Context

This is a routine transaction where company executives sell shares to cover tax obligations related to stock-based compensation. It's a common practice and doesn't necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders as it's a small percentage of the CFO's holdings and is for tax purposes.

Key Dates