Form 4: Altair Engineering Executive Acquires Shares Through Employee Stock Purchase Plan

Jeffrey Marraccini, Chief Information Security Officer at Altair Engineering, acquired 73 shares of Class A Common Stock through the company's Employee Stock Purchase Plan.

Summary

• Jeffrey Marraccini, Chief Information Security Officer of Altair Engineering Inc., acquired 73 shares of Class A Common Stock on January 14, 2025.
• The shares were purchased at a price of $82.42 each.
• This transaction was part of the company's 2021 Employee Stock Purchase Plan and is exempt under Rule 16b-3(c).
• Following the transaction, Mr. Marraccini directly owns 4,753 shares of Class A Common Stock, which includes 2,825 unvested restricted stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects an executive's participation in an employee stock purchase plan, indicating confidence in the company.

Positives

• The purchase demonstrates the executive's confidence in the company's future.
• The transaction was part of the company's employee stock purchase plan, which is a common benefit.

Industry Context

This is a routine transaction related to employee stock purchase plans, which are common in publicly traded companies to incentivize employees.

Comparison to Industry Standards

• Employee stock purchase plans are a common practice among publicly traded technology companies like Altair Engineering.
• The transaction is consistent with standard insider trading practices and reporting requirements.
• The number of shares acquired is relatively small, suggesting this is a regular purchase rather than a significant change in ownership.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows management's confidence in the company.

Key Dates

Keywords

Employee Stock Purchase Plan, Class A Common Stock, Insider Trading, Stock Acquisition, Altair Engineering, ALTR, SEC Form 4