Form 4: Christ Revocable Trust Sells Altair Engineering Inc. Shares
SEC Form 4 Filing
The Christ Revocable Trust sold a significant number of Altair Engineering Inc. Class A Common Stock shares in multiple transactions on June 11, 2024.
Summary
- On June 11, 2024, the Christ Revocable Trust sold 48,696 shares of Altair Engineering Inc. Class A Common Stock at a weighted average price of $92.1911.
- Additionally, the trust sold 51,304 shares of Class A Common Stock at a weighted average price of $92.7746 on the same day.
- Following these transactions, the trust's holdings of Class A Common Stock decreased to zero shares.
Sentiment
Score: 5
Explanation: This is a neutral filing indicating a sale of shares by a major shareholder. The impact on the company is neither explicitly positive nor negative.
Industry Context
This Form 4 filing indicates a change in ownership by a significant shareholder, which is a common occurrence in the market. The impact on Altair's stock price will depend on various factors, including market sentiment and the overall financial health of the company.
Stakeholder Impact
- Shareholders may react to the news of the Christ Revocable Trust selling its shares, potentially impacting the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 06/11/2024 | Date of the stock sale transactions. |
| 06/13/2024 | Date of the signature on the Form 4 filing. |
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