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 Inc., sold 25 shares of common stock on May 8, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On May 8, 2024, Ravi Kunju, Chief Product Strategy Officer of Altair Engineering Inc., sold 25 shares of Common Stock.
- The shares were sold at a price of $84.38 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 31,677 shares of Altair Engineering Inc., which includes 8,376 unvested Class A Common Stock restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes on vested stock), so the sentiment is neutral.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. Monitoring these transactions can provide insights into executive sentiment and company performance.
Stakeholder Impact
- The sale is unlikely to have a significant impact on stakeholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of the stock sale transaction. |
| 05/10/2024 | Date of signature on the Form 4 filing. |
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