Form 4: Altair Engineering Executive Ravi Kunju Sells Shares to Cover Tax Obligations

Ravi Kunju, Chief Product Strategy Officer of Altair Engineering Inc., sold 229 shares of common stock on March 17, 2025, to cover tax obligations related to vesting restricted stock units.

Summary

• On March 17, 2025, Ravi Kunju, Chief Product Strategy Officer of Altair Engineering Inc., sold 229 shares of Common Stock.
• The sale was executed at a price of $111.3 per share.
• This 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 34,388 shares of Altair Engineering Inc., which includes 9,913 unvested Class A Common Stock restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

Executive share sales are a common occurrence, often related to tax obligations or diversification strategies. The sale itself is small and unlikely to have a significant impact on the overall stock price or investor sentiment.

Stakeholder Impact

• The sale of shares by Ravi Kunju is unlikely to have a significant impact on stakeholders due to the small number of shares involved.

Key Dates

Keywords

Altair Engineering Inc., ALTR, Ravi Kunju, Chief Product Strategy Officer, Form 4, Share Sale, Tax Obligations, Restricted Stock Units, Beneficial Ownership