Form 4: Altair Engineering Inc. Executive Sells Shares to Cover Tax Obligations

Raoul Maitra, Chief Legal Officer of Altair Engineering Inc., sold 240 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On March 3, 2025, Raoul Maitra, the Chief Legal Officer of Altair Engineering Inc., sold 240 shares of Class A Common Stock.
• The sale was executed at a price of $111.45 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 31,515 shares, which includes 11,696 unvested Class A Common Stock restricted stock units.

Sentiment

Score: 5

Explanation: Neutral sentiment as the transaction appears to be a routine sale to cover tax obligations, with no indication of positive or negative implications for the company's performance.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. Monitoring these transactions can provide insights into management's perspective on the company's stock value, although this particular sale appears to be primarily for tax obligation purposes.

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