Form 4: Altair Engineering Inc. Executive Raoul Maitra Sells Shares
SEC Form 4 Filing
Raoul Maitra, Chief Legal Officer of Altair Engineering Inc., sold 189 shares of Class A Common Stock at an average price of $83.651 on February 28, 2024.
Summary
- On February 28, 2024, Raoul Maitra, the Chief Legal Officer of Altair Engineering Inc., sold 189 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $83.651 per share, with individual transactions ranging from $83.65 to $83.89.
- Following the transaction, Maitra directly owns 25,589 shares of Class A Common Stock, which includes 5,741 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an executive's stock sale. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company executives. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company executive can sometimes be perceived negatively by shareholders, but in this case, the number of shares sold is relatively small and unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the transaction: Raoul Maitra sold shares of Class A Common Stock. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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