Form 4: Altair Engineering Director Teresa Harris Reports Stock Option Exercise and Sale

Director Teresa Harris of Altair Engineering Inc. reports exercising stock options and selling shares under a pre-arranged 10b5-1 plan.

Summary

• On October 1, 2024, Teresa Harris, a director at Altair Engineering Inc., exercised stock options to acquire 620 shares of Class A Common Stock at a price of $4.52.
• Simultaneously, Harris sold 620 shares of Class A Common Stock at $95.12 per share.
• These transactions were executed under a pre-existing 10b5-1 trading plan established on November 15, 2023.
• Following these transactions, Harris directly owns 21,242 shares of Class A Common Stock, including 2,347 unvested restricted stock units, and holds options for 12,640 shares.
• The stock options exercised vested in two equal annual installments starting November 23, 2017, and are now fully vested.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine transactions under a pre-arranged plan, with no indication of positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions are subject to regulatory scrutiny to prevent insider trading and ensure fair market practices.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-arranged nature of the transactions mitigates concerns about insider trading.

Key Dates