Form 4: Altair Engineering Director James R. Scapa Executes Stock Transactions Under 10b5-1 Plan

James R. Scapa, a director at Altair Engineering, sold 6,500 shares of Class A Common Stock and acquired 6,500 shares of Class A Common Stock through the conversion of Class B Common Stock, all under a pre-arranged 10b5-1 trading plan.

Summary

• James R. Scapa, a director at Altair Engineering, engaged in stock transactions on November 29, 2024.
• He acquired 6,500 shares of Class A Common Stock at $0, likely through the conversion of Class B Common Stock.
• Simultaneously, he sold 6,500 shares of Class A Common Stock at a weighted average price of $105.6904 per share.
• These transactions were executed under a pre-existing Rule 10b5-1 trading plan established on March 11, 2024.
• The sale prices ranged from $105.50 to $105.80 per share.

Sentiment

Score: 5

Explanation: The document reflects routine insider trading activity under a pre-arranged plan, which is neither positive nor negative.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies. The use of a 10b5-1 plan indicates a pre-planned strategy for stock transactions.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among corporate insiders to avoid accusations of trading on non-public information, similar to practices at companies like Microsoft, Apple, and Google.
• The price range of the stock sale is within the typical daily trading range for a company of this size and market capitalization, similar to other mid-cap tech companies.

Stakeholder Impact

• The stock sale by a director may have a minor impact on shareholder sentiment, but the pre-planned nature of the transaction mitigates any significant concerns.

Key Dates

Keywords

Form 4, insider trading, Rule 10b5-1, stock sale, stock conversion, Altair Engineering, ALTR, James R. Scapa