Form 4: Altair Engineering Inc. Director Christ Revocable Trust Sells Shares
SEC Form 4 Filing
A director, Christ Revocable Trust, of Altair Engineering Inc. sold a significant number of Class A Common Stock shares in multiple transactions on October 23, 2024.
Summary
- On October 23, 2024, Christ Revocable Trust, a director of Altair Engineering Inc., sold Class A Common Stock in a series of transactions.
- The sales were executed at varying weighted average prices, ranging from $101.9199 to $109.1316 per share.
- The total number of shares sold amounted to 99,999, reducing the Trust's holdings to zero shares.
- The reporting person has committed to providing full information regarding the number of shares sold at each separate price within the specified ranges upon request.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting the sale of shares by a director. It doesn't inherently convey positive or negative sentiment, but the sale of a large number of shares could be interpreted negatively by some investors.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock.
Key Dates
| Date | Description |
|---|---|
| 05/08/2015 | Date of Christ Revocable Trust agreement |
| 10/23/2024 | Date of share sale transactions |
| 10/25/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.