Form 4: Altair Engineering Executive Ravi Kunju Sells Shares
SEC Form 4 Filing
Ravi Kunju, Chief Product Strategy Officer of Altair Engineering Inc., sold 121 shares of common stock at an average price of $83.652 on February 28, 2024.
Summary
- On February 28, 2024, Ravi Kunju, Chief Product Strategy Officer of Altair Engineering Inc., sold 121 shares of common stock.
- The shares were sold at a weighted average price of $83.652.
- The price range for the sales was between $83.65 and $83.89 per share.
- Following the transaction, Kunju directly owns 29,245 shares, which includes 6,404 unvested restricted stock units.
- The transaction was reported on February 29, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling a small number of shares doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It doesn't necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the stock sale transaction |
| 02/29/2024 | Date the Form 4 was signed |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.