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

Gilma Saravia, Chief People Officer of Altair Engineering, sold 264 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On March 3, 2025, Gilma Saravia, the Chief People Officer of Altair Engineering Inc., sold 264 shares of Class A Common Stock.
• The sale was executed at a price of $111.45 per share.
• This transaction was to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Saravia directly owns 22,522 shares of Class A Common Stock, which includes 12,669 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a neutral sentiment as it reports a routine transaction related to tax obligations. There is no indication of positive or negative implications for the company's performance.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a standard transaction to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates