Form 4: Altair Engineering Inc. Chief Accounting Officer Brian Gayle Reports Sale of Class A Common Stock

Brian Gayle, Chief Accounting Officer of Altair Engineering Inc., reported the sale of 193 shares of Class A Common Stock on March 4, 2024.

Summary

• On March 4, 2024, Brian Gayle, the Chief Accounting Officer of Altair Engineering Inc., sold 193 shares of Class A Common Stock.
• The sale price was $85.32 per share.
• Following the transaction, Gayle directly owns 18,088 shares of Class A Common Stock, which includes 3,962 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale, which is neither inherently positive nor negative. The sentiment is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The sale of shares by a company officer may be of interest to shareholders, as it provides insight into the officer's perspective on the company's stock.

Key Dates