Form 4: Christ Revocable Trust Sells 50,048 Shares of Altair Engineering Inc. (ALTR)

The Christ Revocable Trust, a 10% owner of Altair Engineering Inc., sold 50,048 shares of Class A Common Stock on September 27, 2024, at a weighted average price of $95.0732 per share.

Summary

• On September 27, 2024, the Christ Revocable Trust sold 50,048 shares of Altair Engineering Inc.'s Class A Common Stock.
• The shares were sold at a weighted average price of $95.0732.
• The price range for individual transactions was between $94.95 and $95.9375 per share.
• Following the transaction, the Trust beneficially owns 149,952 shares of Altair Engineering Inc.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of a stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders (owning 10% or more of a company's stock) buy or sell shares of their company. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale of shares by a significant shareholder could potentially create short-term price volatility, but the overall impact is likely to be minimal given the size of the transaction relative to the company's market capitalization.

Key Dates