Form 4: Altair Engineering Inc. Director James R. Scapa Reports Beneficial Ownership Changes Following Merger with Siemens

James R. Scapa, a director and 10% owner of Altair Engineering Inc., filed a Form 4 detailing changes in beneficial ownership following the company's acquisition by Siemens Industry Software Inc. on March 26, 2025.

Summary

• On March 26, 2025, Altair Engineering Inc. was acquired by Siemens Industry Software Inc. pursuant to a merger agreement dated October 30, 2024.
• The Form 4 was filed by James R. Scapa, a director and 10% owner of Altair Engineering Inc.
• Each share of Class B Common Stock was immediately convertible into one share of Class A Common Stock.
• Upon the merger's completion, each outstanding share of Class B Common Stock was canceled and converted into the right to receive $113.00 in cash.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports a completed transaction (merger). The financial outcome for Class B shareholders is positive ($113 cash per share), but the document itself is simply a regulatory filing.

Future Outlook

The document does not contain explicit forward-looking statements beyond the completion of the merger.

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 of Class B Common Stock received $113.00 in cash per share.
• The acquisition by Siemens may impact employees, customers, and suppliers of Altair, though the specific nature of the impact is not detailed in this document.

Key Dates

Keywords

Form 4, Beneficial Ownership, Merger, Siemens, Altair Engineering, James R. Scapa, Acquisition