Form 4: Altair Engineering Executive Marraccini Exercises Options and Sells Shares

Jeffrey Marraccini, an officer at Altair Engineering Inc., executed stock options and sold a portion of the acquired shares on November 5, 2024.

Summary

• On November 5, 2024, Jeffrey Marraccini, an officer of Altair Engineering Inc., exercised stock options to acquire Class A Common Stock.
• He exercised options to purchase 948 shares at $65.19, 438 shares at $50.11, and another 438 shares at $50.11.
• Following these transactions, Marraccini sold 1,824 shares of Class A Common Stock at a price of $104.1 per share.
• After these transactions, Marraccini directly owns 4,680 shares of Class A Common Stock, which includes 2,825 unvested restricted stock units.
• He also holds options to purchase 5,957 shares at $65.19 and 876 shares at $50.11.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions, which can be informative but don't necessarily indicate the company's overall health or future performance.

Stakeholder Impact

• Shareholders may be interested in insider trading activity as an indicator of management's confidence in the company.
• The transactions themselves have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates