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 of Class A Common Stock under a pre-arranged 10b5-1 plan.

Summary

• On August 6, 2024, Teresa Harris, a director at Altair Engineering Inc., executed transactions involving the company's stock.
• Harris exercised stock options to acquire 620 shares of Class A Common Stock at a price of $4.52 per share.
• Simultaneously, Harris sold 620 shares of Class A Common Stock at a price of $82.57 per share.
• The sale was conducted under a pre-arranged trading plan (Rule 10b5-1) established on November 15, 2023.
• Following these transactions, Harris directly owns 21,242 shares of Class A Common Stock, which includes 2,347 unvested restricted stock units.
• Harris also directly owns 13,880 derivative securities in the form of stock options.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors and officers.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates