Form 4: James R. Scapa Executes Stock Transactions Under 10b5-1 Plan

James R. Scapa Declaration of Trust reports transactions involving Altair Engineering Inc. Class A and Class B Common Stock, including acquisitions and disposals under a pre-arranged 10b5-1 trading plan.

Summary

• On September 30, 2024, James R. Scapa Declaration of Trust engaged in transactions involving Altair Engineering Inc. (ALTR) stock.
• The transactions included the acquisition of 6,500 shares of Class A Common Stock and the disposal of 5,572 shares at a weighted average price of $95.0289.
• An additional 928 shares of Class A Common Stock were sold at a weighted average price of $95.547.
• The sales were executed under a previously established Rule 10b5-1 trading plan adopted on March 11, 2024.
• Following these transactions, the reporting person directly owns 928 shares of Class A Common Stock.
• The reporting person also acquired 6,500 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions executed under a pre-existing plan. There is no indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for executives and major shareholders of publicly traded companies. The use of a 10b5-1 plan indicates a pre-arranged strategy to avoid accusations of trading on inside information.

Comparison to Industry Standards

• Insider trading disclosures are standard practice and are comparable across all publicly listed companies.
• The use of a 10b5-1 trading plan is a common strategy employed by executives at companies like Microsoft, Apple, and Google to manage their stock holdings while avoiding accusations of insider trading.

Key Dates