Form 4: Altair Engineering Inc. Officer Marraccini Sells Shares
SEC Form 4 Filing
Jeffrey Marraccini, Chief Information Security Officer of Altair Engineering Inc., sold 197 shares of Class A Common Stock on March 4, 2024.
Summary
- On March 4, 2024, Jeffrey Marraccini, Chief Information Security Officer of Altair Engineering Inc., sold 197 shares of Class A Common Stock.
- The shares were sold at a price of $85.32 per share.
- Following the transaction, Marraccini beneficially owns 4,039 shares of Class A Common Stock, which includes 2,680 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of insider trading activity, which is common for officers of publicly traded companies.
Stakeholder Impact
- The sale of shares by an officer could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: Jeffrey Marraccini sold shares of Class A Common Stock. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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