Form 4: Altair Engineering Executive Ravi Kunju Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ravi Kunju, Chief Product Strategy Officer at Altair Engineering, sold 120 shares of common stock on February 26, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On February 26, 2025, Ravi Kunju, Chief Product Strategy Officer of Altair Engineering Inc., sold 120 shares of Common Stock at a price of $111.53 per share.
- The sale was executed to satisfy tax withholding obligations associated with the vesting of Class A Common Stock restricted stock units.
- Following the transaction, Kunju directly owns 34,738 shares of Altair Engineering Inc., which includes 11,056 unvested Class A Common Stock restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock sale for tax purposes, indicating a neutral sentiment.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies, often related to compensation and tax planning. The sale itself is small and unlikely to have a significant impact on the stock price.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of stock sale transaction. |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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