Form 4: Altair Engineering Inc. Chief Revenue Officer Sells Shares to Cover Tax Obligations

Nelson Dias, Chief Revenue Officer of Altair Engineering Inc., sold 491 shares of Class A Common Stock on March 3, 2025, to satisfy tax withholding obligations related to vesting restricted stock units.

Summary

• On March 3, 2025, Nelson Dias, the Chief Revenue Officer of Altair Engineering Inc., sold 491 shares of Class A Common Stock.
• The sale was executed at a price of $111.45 per share.
• This transaction was to cover tax withholding obligations associated with the vesting of Class A Common Stock restricted stock units.
• Following the transaction, Dias directly owns 57,082 shares, which includes 28,752 unvested Class A Common Stock restricted stock units.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) and does not contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives. This transaction is a routine part of executive compensation and tax management.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a standard practice across publicly traded companies.
• Companies like Autodesk, Ansys, and Dassault Systèmes, which are competitors of Altair in the engineering software space, also see similar transactions by their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small sale of shares by an executive.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates