Form 4: Altair Engineering's Chief Legal Officer Sells Shares
SEC Form 4 Filing
Raoul Maitra, Chief Legal Officer of Altair Engineering Inc., recently sold shares of Class A Common Stock.
Summary
- Raoul Maitra, the Chief Legal Officer of Altair Engineering Inc. (ALTR), reported the sale of Class A Common Stock on May 10, 2024.
- He sold 254 shares at $85.66 each and 1,062 shares at $85.75 each.
- Following these transactions, Maitra directly owns 27,260 shares of Class A Common Stock, which includes 7,622 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider trading activity. The sentiment is neutral as it doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock. It provides transparency into insider transactions.
Stakeholder Impact
- The sale of shares by a company insider could be perceived negatively by some shareholders, although it is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of the stock sale transactions |
| 05/14/2024 | Date of signature on the Form 4 filing |
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