Form 4: Altair Engineering Inc. Director George J. Christ Sells Shares

Director George J. Christ reports selling shares of Altair Engineering Inc. on October 9, 2024, through multiple transactions.

Summary

• On October 9, 2024, George J. Christ, a director of Altair Engineering Inc., sold 21,074 shares of Class A Common Stock at a weighted average price of $95.052 per share.
• Additionally, Christ sold 28,878 shares of Class A Common Stock at a weighted average price of $96.2158 per share on the same day.
• These transactions were executed under Rule 10b5-1(c).
• Following these transactions, Christ directly owns no shares, but indirectly owns 128,878 shares through the Christ Revocable Trust dated May 8, 2015, and 100,000 shares through the same trust.
• Christ also indirectly owns 187,475 shares through The Dana Christ Irrevocable Trust Dated May 8, 2015, 187,475 shares through The Lauren Christ Irrevocable Trust Dated May 8, 2015, and 400,000 shares through GC Investments LLC.
• Christ disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The stock sale by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction relative to the director's total holdings.

Key Dates