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

Nelson Dias, Chief Revenue Officer of Altair Engineering Inc., sold 1,671 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On March 17, 2025, Nelson Dias, the Chief Revenue Officer of Altair Engineering Inc., sold 1,671 shares of Class A Common Stock.
• The sale was executed at a price of $111.3 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, Dias beneficially owns 55,411 shares, which includes 24,490 unvested Class A Common Stock restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, and the executive still holds a significant number of shares.

Industry Context

Executive stock sales are a common occurrence, often related to tax obligations or diversification strategies. The sale itself doesn't necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on the company's operations or financial performance.

Key Dates

Keywords

Form 4, Altair Engineering Inc., ALTR, Nelson Dias, Chief Revenue Officer, Stock Sale, Tax Obligations, Restricted Stock Units, Beneficial Ownership