Form 4: Altair Engineering Inc. Chief Revenue Officer Nelson Dias Sells Shares
SEC Form 4 Filing
Nelson Dias, Chief Revenue Officer of Altair Engineering Inc., sold 491 shares of Class A Common Stock at $85.32 on March 4, 2024.
Summary
- On March 4, 2024, Nelson Dias, the Chief Revenue Officer of Altair Engineering Inc., sold 491 shares of Class A Common Stock.
- The sale price was $85.32 per share.
- Following the transaction, Dias directly owns 33,347 shares of Class A Common Stock, which includes 6,781 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an officer. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to monitor the actions of key personnel and their potential impact on the company's stock.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on their interpretation of the insider's actions.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of the stock sale transaction |
| 03/05/2024 | Date of the Form 4 filing |
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