Form 4: Altair Engineering Director Teresa Harris Reports Stock Transactions

Director Teresa Harris reports the acquisition and disposal of Altair Engineering Inc. Class A Common Stock on November 5, 2024.

Summary

• On November 5, 2024, Teresa Harris, a director of Altair Engineering Inc., reported transactions involving Class A Common Stock.
• Harris acquired 620 shares of Class A Common Stock at $0 and disposed of 620 shares at $104.1.
• These transactions were made pursuant to a Rule 10b5-1 plan entered into on November 15, 2023.
• Following the reported transactions, Harris beneficially owns 21,242 shares of Class A Common Stock, which includes 2,347 unvested restricted stock units.
• Harris also exercised a stock option to acquire 620 shares of Class A Common Stock at an exercise price of $4.52.
• Following the exercise of the stock options, Harris beneficially owns 12,020 stock options.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock transactions by a company director under a pre-existing trading plan. There is no indication of positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the trading activity of a company director.

Key Dates