Form 4: Altair Engineering Inc. Director James R. Scapa Executes Stock Sales Under 10b5-1 Plan
SEC Form 4 Filing
James R. Scapa, a director at Altair Engineering Inc., sold shares of Class A Common Stock on June 28, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On June 28, 2024, James R. Scapa, a director at Altair Engineering Inc., executed multiple sales of Class A Common Stock.
- These transactions were conducted under a previously established Rule 10b5-1 trading plan adopted on March 11, 2024.
- A total of 6,500 shares were acquired and 6,500 shares were disposed of.
- The sales occurred at weighted average prices ranging from $97.7684 to $99.5661 per share.
- Following these transactions, Scapa still beneficially owns a significant amount of Altair Engineering Inc. securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by a company insider under a pre-existing trading plan. There is no indication of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider and is a common occurrence for publicly traded companies. It provides transparency into the trading activities of key personnel.
Key Dates
| Date | Description |
|---|---|
| March 5, 1987 | Date of James R. Scapa Declaration of Trust |
| March 11, 2024 | Date of adoption of Rule 10b5-1 trading plan |
| June 28, 2024 | Date of stock sale transactions |
| July 1, 2024 | Date of signature for the Form 4 filing |
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