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

Brian Gayle, Chief Accounting Officer of Altair Engineering Inc., sold 184 shares of Class A Common Stock on March 3, 2025, to satisfy tax withholding obligations related to vesting restricted stock units.

Summary

• On March 3, 2025, Brian Gayle, the Chief Accounting Officer of Altair Engineering Inc., sold 184 shares of Class A Common Stock.
• The sale was executed at a price of $111.45 per share.
• This transaction was to cover the tax withholding obligation associated with the vesting of Class A Common Stock restricted stock units.
• Following the transaction, Gayle directly owns 18,190 shares, which includes 5,246 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of insider trading activity and are required by the SEC to provide transparency into the transactions of company executives and other insiders. These filings are closely watched by investors seeking to understand management's perspective on the company's stock.

Stakeholder Impact

• The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction, but this sale is small and for tax purposes.

Key Dates