Form 4: Altair Engineering Director Teresa Harris Reports Stock Transactions

Director Teresa Harris of Altair Engineering Inc. reports the acquisition and disposition of Class A Common Stock and stock options on May 7, 2024.

Summary

• On May 7, 2024, Teresa Harris, a director at Altair Engineering Inc., reported transactions involving the company's Class A Common Stock.
• Harris acquired 620 shares of Class A Common Stock through the exercise of stock options at a price of $0.
• Simultaneously, Harris sold 620 shares of Class A Common Stock at a price of $82.89 per share.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan established on November 15, 2023.
• Following these transactions, Harris directly owns 18,895 shares of Class A Common Stock, including 2,974 unvested restricted stock units, and holds options for 15,740 shares.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly listed companies like Altair Engineering.
• Similar filings are regularly made by directors and officers of companies such as Ansys, Autodesk, and Dassault Systèmes, all of which operate in related industries.
• The use of Rule 10b5-1 trading plans is a standard practice to avoid accusations of illegal insider trading, ensuring transactions are pre-planned and not based on non-public information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares involved.
• The filing provides transparency to stakeholders regarding insider trading activities.

Key Dates