Form 4: Christ Revocable Trust Sells Altair Engineering Inc. Shares
SEC Form 4
The Christ Revocable Trust sold 100,000 shares of Altair Engineering Inc. (ALTR) Class A Common Stock in multiple transactions on June 27, 2024.
Summary
- On June 27, 2024, the Christ Revocable Trust sold 74,471 shares of Altair Engineering Inc.'s Class A Common Stock at a weighted average price of $98.1254.
- Additionally, the trust sold 25,529 shares of Class A Common Stock at a weighted average price of $99.1866 on the same day.
- Following these transactions, the trust beneficially owns 200,000 shares of Altair Engineering Inc.'s Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. A trust selling shares is a common occurrence and doesn't inherently indicate positive or negative sentiment towards the company.
Industry Context
This Form 4 filing indicates a change in beneficial ownership of Altair Engineering Inc. shares, which is a routine disclosure. It doesn't necessarily reflect a broader trend in the engineering software industry but provides insight into the actions of a significant shareholder.
Stakeholder Impact
- The sale of shares by a significant shareholder could have a minor impact on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| May 8, 2015 | Date of attorney-in-fact for Christ Revocable Trust |
| 06/27/2024 | Date of stock sale transactions |
| 06/28/2024 | Date of signature |
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