Form 4: Altair Engineering Executive Ravi Kunju Sells Shares
SEC Form 4 Filing
Ravi Kunju, Chief Product Strategy Officer of Altair Engineering Inc., sold 1,095 shares of common stock at an average price of $85.3208 on May 10, 2024.
Summary
- On May 10, 2024, Ravi Kunju, Chief Product Strategy Officer of Altair Engineering Inc., sold 1,095 shares of common stock.
- The sale was executed at a weighted average price of $85.3208 per share, with individual transactions ranging from $85.2513 to $85.35.
- Following the transaction, Kunju directly owns 30,582 shares of Altair Engineering Inc., which includes 8,376 unvested Class A Common Stock restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction. No indication of positive or negative implications for the company.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of stock sale transaction |
| 05/14/2024 | Date of Form 4 filing |
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