4/A: Altair Engineering Inc. Executive Raoul Maitra Corrects Share Sale Disclosure
SEC Filing
Raoul Maitra, Chief Legal Officer of Altair Engineering Inc., files an amendment to a previous Form 4 to correct the number of shares sold on May 10, 2024.
Summary
- Raoul Maitra, Chief Legal Officer of Altair Engineering Inc., filed an amended Form 4 with the SEC on June 20, 2024.
- The amendment corrects the number of Class A Common Stock shares sold on May 10, 2024.
- The corrected filing shows that 962 shares were sold at a price of $85.75 per share.
- Following the transaction, Maitra beneficially owns 27,360 shares, including 7,622 unvested restricted stock units.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects transparency and adherence to regulatory requirements.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The correction ensures accurate information is available to shareholders and the public.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of the stock sale transaction. |
| 05/14/2024 | Date of the original Form 4 filing with the misstated information. |
| 06/20/2024 | Date of the amended Form 4/A filing. |
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