Form 4: Christ Revocable Trust Sells 83,336 Shares of Altair Engineering Inc. (ALTR)
SEC Form 4 Filing
The Christ Revocable Trust, a 10% owner of Altair Engineering Inc., sold 83,336 shares of Class A Common Stock on March 28, 2024, at an average price of $85.9866 per share.
Summary
- On March 28, 2024, the Christ Revocable Trust sold 83,336 shares of Altair Engineering Inc.'s Class A Common Stock.
- The shares were sold at a weighted average price of $85.9866.
- The prices for individual transactions ranged from $85.66 to $86.49 per share.
- Following the transaction, the Trust still owns 200,000 shares of Altair Engineering Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock sale by a significant shareholder. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Stakeholder Impact
- The sale of shares by a major shareholder could potentially create short-term price volatility.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of the transaction: sale of Altair Engineering Inc. shares |
| 04/01/2024 | Date of signature for the Form 4 filing |
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