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 360 shares of common stock on November 11, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On November 11, 2024, Ravi Kunju, Chief Product Strategy Officer of Altair Engineering Inc., sold 360 shares of Common Stock.
- The sale was executed at a price of $103.65 per share.
- The transaction was to satisfy tax withholding obligations related to the vesting of Class A Common Stock restricted stock units.
- Following the transaction, Ravi Kunju directly owns 30,305 shares of Altair Engineering Inc., which includes 7,126 unvested Class A Common Stock restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
This is a routine transaction where an executive sells shares to cover tax obligations arising from the vesting of restricted stock units, a common practice in publicly traded companies.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/11/2024 | Date of the transaction (sale of shares). |
| 11/12/2024 | Date of signature for the Form 4 filing. |
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.