Form 4: Christ Revocable Trust Sells Altair Engineering Inc. Shares
SEC Form 4
The Christ Revocable Trust sold 85,997 and 1,220 shares of Altair Engineering Inc. Class A Common Stock on May 8, 2024, at weighted average prices of $85.111 and $85.7092, respectively.
Summary
- On May 8, 2024, the Christ Revocable Trust sold 85,997 shares of Altair Engineering Inc. Class A Common Stock at a weighted average price of $85.111.
- An additional 1,220 shares were sold on the same day at a weighted average price of $85.7092.
- Following these transactions, the Trust beneficially owns 100,000 shares of Altair Engineering Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock sales by a significant shareholder. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's stock. This provides transparency to the market regarding the actions of those with privileged information.
Stakeholder Impact
- The stock sale by a significant shareholder could potentially create short-term selling pressure on the stock.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of stock sale transactions. |
| 05/09/2024 | Date of signature for the Form 4 filing. |
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