Form 4: Altair Engineering Inc. Executive Raoul Maitra Reports Stock Sale

Raoul Maitra, Chief Legal Officer of Altair Engineering Inc., sold 1,030 shares of Class A Common Stock at $96.31 per share on June 14, 2024.

Summary

• Raoul Maitra, the Chief Legal Officer of Altair Engineering Inc. (ALTR), reported a transaction involving the company's Class A Common Stock.
• On June 14, 2024, Maitra sold 1,030 shares at a price of $96.31 per share.
• Following the transaction, Maitra directly owns 26,230 shares of Class A Common Stock, which includes 7,622 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a stock sale by a company executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions, which can be closely watched by investors for signals about a company's prospects.

Stakeholder Impact

• The stock sale by a company executive may be of interest to shareholders, as insider transactions can sometimes influence investor sentiment.

Key Dates