Form 4: Altair Engineering Inc. Executive Raoul Maitra Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Raoul Maitra, Chief Legal Officer of Altair Engineering Inc., sold shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 26, 2025, Raoul Maitra, the Chief Legal Officer of Altair Engineering Inc., sold 188 shares of Class A Common Stock.
- The sale was executed at a price of $111.53 per share.
- This transaction was to satisfy tax withholding obligations related to the vesting of Class A Common Stock restricted stock units.
- Following the transaction, Maitra directly owns 31,755 shares, which includes 12,529 unvested Class A Common Stock restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes, which is neutral in sentiment.
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 the transactions of those with access to non-public information.
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 reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: Raoul Maitra sold shares of Class A Common Stock. |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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