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 76 shares of common stock on March 13, 2024, to satisfy tax withholding obligations related to vesting restricted stock units.
Summary
- On March 13, 2024, Ravi Kunju, Chief Product Strategy Officer of Altair Engineering Inc., sold 76 shares of Common Stock.
- The shares were sold at a weighted average price of $81.6538.
- The sale was to cover tax withholding obligations related to the vesting of Class A Common Stock restricted stock units.
- Following the transaction, Ravi Kunju beneficially owns 29,035 shares, which includes 5,793 unvested Class A Common Stock restricted stock units.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (sale of shares for tax obligations). It's neutral to slightly positive as it indicates vesting of stock units, which is tied to performance.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of the company's financial health or future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of the stock sale transaction. |
| 03/14/2024 | Date of signature on the Form 4 filing. |
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