Form 4: Altair Engineering Executive Brian Gayle Sells Shares to Cover Tax Obligations

Brian Gayle, Chief Accounting Officer of Altair Engineering Inc., sold 137 shares of Class A Common Stock on February 26, 2025, to satisfy tax withholding obligations related to vesting restricted stock units.

Summary

• On February 26, 2025, Brian Gayle, the Chief Accounting Officer of Altair Engineering Inc., sold 137 shares of Class A Common Stock.
• The sale was executed at a price of $111.53 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of Class A Common Stock restricted stock units.
• Following the transaction, Gayle directly owns 18,374 shares, which includes 5,892 unvested Class A Common Stock restricted stock units.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (sale of shares for tax obligations) by a company executive, which is neither particularly positive nor negative.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of the executive's long-term outlook on the company.

Stakeholder Impact

• The sale of a small number of shares by an executive is unlikely to have a significant impact on shareholders.

Key Dates