Form 4: Altair Engineering Director Shekar G. Ayyar Reports Beneficial Ownership Changes Following Siemens Acquisition

Director Shekar G. Ayyar reports changes in beneficial ownership of Altair Engineering stock following the company's acquisition by Siemens Industry Software Inc.

Summary

• On March 26, 2025, Altair Engineering Inc. was acquired by Siemens Industry Software Inc. pursuant to a merger agreement.
• As a result of the merger, each share of Class A Common Stock was converted into the right to receive $113.00 in cash.
• This includes 2,347 unvested Class A Common Stock restricted stock units (RSUs) which also vested and were converted into the right to receive $113.00 in cash per unit.
• The reporting person, Shekar G. Ayyar, a director of Altair Engineering, filed a Form 4 to report these changes in beneficial ownership.

Sentiment

Score: 7

Explanation: The document reflects a completed acquisition, which is generally a positive event for shareholders who received cash for their shares. The sentiment is neutral to positive as it represents the conclusion of a transaction.

Positives

• The acquisition resulted in a cash payout of $113.00 per share for Class A Common Stock holders.
• Unvested RSUs vested as a result of the acquisition, providing additional value to the holders.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the acquisition.

Industry Context

This acquisition reflects a trend of consolidation in the software industry, with larger companies acquiring smaller, specialized firms to expand their product offerings and market reach.

Stakeholder Impact

• Shareholders received $113.00 in cash for each share of Class A Common Stock.
• Holders of unvested RSUs received $113.00 in cash for each unit.

Key Dates

Keywords

Altair Engineering, Siemens, Acquisition, Merger, Form 4, Beneficial Ownership, Shekar G. Ayyar, Class A Common Stock, RSUs