Form 4: Altair Engineering Director George J. Christ Sells $4.75 Million in Class A Common Stock

George J. Christ, a director at Altair Engineering Inc., sold 50,048 shares of Class A Common Stock at a weighted average price of $95.0732 on September 27, 2024.

Summary

• On September 27, 2024, George J. Christ, a director of Altair Engineering Inc., sold 50,048 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $95.0732, resulting in a total transaction value of approximately $4.75 million.
• Following the transaction, Christ directly owns no shares but indirectly owns 149,952 shares through the Christ Revocable Trust, 187,475 shares through The Dana Christ Irrevocable Trust, 187,475 shares through The Lauren Christ Irrevocable Trust, and 400,000 shares through GC Investments LLC.
• Christ disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a sale of shares by a company director. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by the market.

Industry Context

This filing is a routine disclosure of insider trading activity. It provides transparency into the actions of company executives and directors, which can be of interest to investors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed is consistent with regulatory requirements for reporting changes in beneficial ownership.

Stakeholder Impact

• The sale of shares by a director could potentially influence investor sentiment, although the impact is likely to be minimal given the overall size of the transaction relative to the company's market capitalization.
• The filing provides transparency to shareholders regarding insider transactions.

Key Dates