Form 4: Altair Engineering Inc. Director James R. Scapa Executes Stock Sale Under 10b5-1 Plan

James R. Scapa, a director at Altair Engineering Inc., sold 6,500 shares of Class A Common Stock on July 29, 2024, as part of a pre-arranged 10b5-1 trading plan.

Summary

• On July 29, 2024, James R. Scapa, a director at Altair Engineering Inc., executed a sale of Class A Common Stock.
• The transactions were conducted under a previously established Rule 10b5-1 trading plan, which was put in place on March 11, 2024.
• A total of 6,500 shares were sold.
• 5,017 shares were sold at a weighted average price of $87.9646, with individual prices ranging from $87.42 to $88.415.
• An additional 1,483 shares were sold at a weighted average price of $88.5966, with individual prices ranging from $88.42 to $88.90.
• Following the reported transactions, the reporting person still beneficially owns 10,267,110 shares of Class B Common Stock, which are convertible to Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by a company director under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives and directors to utilize 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates