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

George J. Christ, a director of Altair Engineering Inc., reported the acquisition of 300,000 Class A Common Stock shares through trusts and LLCs in a transaction dated February 23, 2024.

Summary

• On February 23, 2024, George J. Christ, a director at Altair Engineering Inc., reported changes in beneficial ownership.
• The report indicates the acquisition of 300,000 shares of Class A Common Stock at $0 per share.
• These shares were acquired indirectly through the Christ Revocable Trust dated May 8, 2015, and GC Investments LLC.
• Christ also indirectly holds 187,475 shares each through The Dana Christ Irrevocable Trust and The Lauren Christ Irrevocable Trust, both dated May 8, 2015.
• Additionally, Christ indirectly holds 4,781,778 shares via the Christ Revocable Trust and 4,344,004 shares via 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: The sentiment is neutral as it's a standard regulatory filing reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative performance for the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It helps stakeholders understand the ownership structure and potential alignment of interests.

Key Dates