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

Raoul Maitra, Chief Legal Officer of Altair Engineering Inc., sold 403 shares of Class A Common Stock on March 17, 2025, to satisfy tax withholding obligations related to vesting restricted stock units.

Summary

• On March 17, 2025, Raoul Maitra, the Chief Legal Officer of Altair Engineering Inc., sold 403 shares of Class A Common Stock.
• The sale was executed at a price of $111.3 per share.
• This transaction was conducted to cover tax withholding obligations associated with the vesting of Class A Common Stock restricted stock units.
• Following the transaction, Maitra directly owns 31,112 shares, which includes 10,298 unvested Class A Common Stock restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This sale appears to be routine, covering tax obligations related to stock vesting, which is a common practice among executives.

Stakeholder Impact

• The sale of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to be significant given the small number of shares involved.

Key Dates

Keywords

Altair Engineering, Raoul Maitra, insider trading, Form 4, ALTR, stock sale, restricted stock units, tax withholding