Form 4: Altair Engineering Inc. Director Discloses Share Disposition Following Siemens Acquisition

Director James Francis Anderson reports the disposition of Class A Common Stock due to the acquisition of Altair Engineering Inc. by Siemens Industry Software Inc.

Summary

• James Francis Anderson, a director of Altair Engineering Inc., filed a Form 4 on March 26, 2025, reporting changes in beneficial ownership of the company's stock.
• The filing indicates that on March 26, 2025, Siemens Industry Software Inc. acquired Altair Engineering Inc. pursuant to a merger agreement dated October 30, 2024.
• As a result of the merger, each share of Altair's Class A Common Stock was canceled and converted into the right to receive $113.00 in cash.
• Anderson disposed of 15,229 shares of Class A Common Stock at a price of $113 per share.
• This includes 2,347 unvested Class A Common Stock restricted stock units (RSUs) that vested and were converted into the right to receive $113.00 in cash each.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a completed acquisition. The sentiment is neutral as it simply reports the facts of the transaction.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the acquisition.

Industry Context

This announcement reflects ongoing consolidation trends within the software and engineering technology sectors, where larger companies like Siemens acquire innovative firms like Altair to expand their product offerings and market reach.

Stakeholder Impact

• Shareholders received $113.00 in cash for each share of Class A Common Stock.
• Employees may experience changes as a result of the acquisition by Siemens.

Key Dates

Keywords

Form 4, Beneficial Ownership, Siemens, Merger, Acquisition, Altair Engineering Inc., ALTR, Director, James Francis Anderson, Class A Common Stock, RSUs