Form 4: Altair Engineering Director Teresa Harris Reports Stock Transactions

Director Teresa Harris of Altair Engineering Inc. reports the sale of 620 shares of Class A Common Stock at $85.01 per share and the exercise of stock options for 620 shares at $4.52 per share.

Summary

• On March 5, 2024, Teresa Harris, a director of Altair Engineering Inc., reported transactions involving the company's Class A Common Stock.
• Harris sold 620 shares of Class A Common Stock at a price of $85.01 per share.
• She also exercised stock options to acquire 620 shares of Class A Common Stock at an exercise price of $4.52 per share.
• Following these transactions, Harris directly owns 18,895 shares of Class A Common Stock, which includes 2,974 unvested restricted stock units, and holds options for 16,980 shares.
• The sale of shares was conducted under a pre-arranged trading plan (Rule 10b5-1) established on November 15, 2023.
• 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 the transactions are part of a pre-planned trading arrangement and do not necessarily reflect a change in the director's outlook on the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge the sentiment of company leadership and their confidence in the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares involved.

Key Dates