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

Jeffrey Marraccini, Chief Information Security Officer of Altair Engineering, sold 105 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On March 13, 2024, Jeffrey Marraccini, Chief Information Security Officer of Altair Engineering Inc., sold 105 shares of Class A Common Stock.
• The shares were sold at a price of $81.66 per share.
• The sale was executed to satisfy tax withholding obligations related to the vesting of Class A Common Stock restricted stock units.
• Following the transaction, Marraccini beneficially owns 3,934 shares of Class A Common Stock, which includes 2,320 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sale of shares for tax obligations) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This particular filing reflects a common practice of selling shares to cover tax obligations associated with the vesting of stock-based compensation.

Stakeholder Impact

• The sale of a small number of shares by an executive is unlikely to have a significant impact on shareholders.

Key Dates