Form 4: Altair Engineering Inc. Executive Marraccini Sells Shares to Cover Tax Obligations

Jeffrey Marraccini, Chief Information Security Officer at Altair Engineering Inc., sold 90 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On March 17, 2025, Jeffrey Marraccini, Chief Information Security Officer of Altair Engineering Inc., sold 90 shares of Class A Common Stock.
• The sale was executed at a price of $111.3 per share.
• The transaction was to satisfy tax withholding obligations related to the vesting of Class A Common Stock restricted stock units.
• Following the transaction, Marraccini beneficially owns 5,462 shares, including 2,984 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document reflects a neutral event (sale of shares for tax obligations) with no apparent positive or negative implications for the company's overall outlook.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the small number of shares involved.

Key Dates

Keywords

Form 4, Insider Trading, Share Sale, Restricted Stock Units, Tax Withholding, ALTR, Altair Engineering Inc., Marraccini, Jeffrey