Form 4: Altair Engineering Inc.: George J. Christ Reports Changes in Beneficial Ownership

George J. Christ, a director of Altair Engineering Inc., reported changes in beneficial ownership of Class A and Class B Common Stock due to transactions on June 17, 2024.

Summary

• On June 17, 2024, George J. Christ, a director at Altair Engineering Inc., reported changes in his beneficial ownership of the company's stock.
• The transactions involved Class A Common Stock and Class B Common Stock.
• Christ indirectly acquired 300,000 shares of Class A Common Stock at $0 through a conversion.
• Following the reported transactions, Christ indirectly owns 300,000 shares of Class A Common Stock through the Christ Revocable Trust dated May 8, 2015, 400,000 shares through GC Investments LLC, 187,475 shares through The Dana Christ Irrevocable Trust Dated May 8, 2015, and 187,475 shares through The Lauren Christ Irrevocable Trust Dated May 8, 2015.
• Christ also indirectly holds 4,481,778 shares of Class B Common Stock through the Christ Revocable Trust and 4,044,004 shares through GC Investments LLC.
• The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: This is a neutral report on stock ownership changes, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to the market regarding the transactions of company executives and directors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It helps stakeholders understand the ownership structure of the company.

Key Dates