Form 4: Altair Engineering Inc. Executive Raoul Maitra Reports Sale of Class A Common Stock

Raoul Maitra, Chief Legal Officer of Altair Engineering Inc., sold 153 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On May 8, 2024, Raoul Maitra, the Chief Legal Officer of Altair Engineering Inc., sold 153 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $84.3792 per share, with individual transactions ranging from $84.32 to $84.38.
• The transaction was to satisfy tax withholding obligations related to the vesting of Class A Common Stock restricted stock units.
• Following the reported transaction, Maitra still beneficially owns 28,576 shares, which includes 7,622 unvested Class A Common Stock restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an executive stock sale for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale is unlikely to have a significant impact on stakeholders as it is a small transaction related to tax obligations.

Key Dates