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

Raoul Maitra, Chief Legal Officer of Altair Engineering Inc., sold 75 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On March 13, 2024, Raoul Maitra, the Chief Legal Officer of Altair Engineering Inc., sold 75 shares of Class A Common Stock.
• The sale was executed at a price of $81.66 per share.
• The 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 25,229 shares of Class A Common Stock, which includes 4,645 unvested restricted stock units.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (sale of shares for tax obligations) by a company executive, which is neither particularly positive nor negative.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of a negative outlook on the company.

Stakeholder Impact

• The sale of a small number of shares by an executive is unlikely to have a significant impact on shareholders.

Key Dates