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

Jeffrey Marraccini, Chief Information Security Officer of Altair Engineering, exercised stock options and sold shares of Class A Common Stock on March 6, 2024.

Summary

• On March 6, 2024, Jeffrey Marraccini, Chief Information Security Officer of Altair Engineering Inc., exercised stock options to acquire 5,778 shares of Class A Common Stock.
• He then sold these 5,778 shares at a weighted average price of $83.0404 per share, with individual prices ranging from $82.64 to $83.445.
• Following these transactions, Marraccini directly owns 4,039 shares of Class A Common Stock and also holds 2,680 unvested restricted stock units.
• He also continues to hold options to purchase 0 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares in the open market.
• The filing provides transparency to stakeholders regarding executive compensation and stock ownership.

Key Dates