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 375 shares of Class A Common Stock at an average price of $83.651 on February 28, 2024.
Summary
- On February 28, 2024, Nelson Dias, the Chief Revenue Officer of Altair Engineering Inc. (ALTR), sold 375 shares of Class A Common Stock.
- The shares were sold at a weighted average price of $83.651 per share, with individual transactions ranging from $83.65 to $83.89.
- Following the transaction, Dias directly owns 33,838 shares of Class A Common Stock, which includes 8,031 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a stock sale. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider stock sale, which is common for executives of publicly traded companies. It doesn't necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The stock sale by an executive could have a minor short-term impact on shareholder sentiment, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock sale transaction |
| 02/29/2024 | Date of Form 4 filing |
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