Form 4: JRS Investments LLC Executes Pre-Planned Stock Sale in Altair Engineering

JRS Investments LLC, a 10% owner of Altair Engineering, sold 6,500 shares of Class A Common Stock at an average price of $105.69 per share, while also acquiring 6,500 shares of Class A Common Stock at $0.

Summary

• JRS Investments LLC, a significant shareholder of Altair Engineering Inc., executed a series of transactions involving the company's stock.
• On November 29, 2024, JRS Investments acquired 6,500 shares of Class A Common Stock at a price of $0.
• On the same day, JRS Investments sold 6,500 shares of Class A Common Stock at a weighted average price of $105.6904 per share.
• The sales were conducted under a pre-arranged trading plan established on March 11, 2024, to comply with Rule 10b5-1 of the Exchange Act.
• The sale prices ranged from $105.50 to $105.80 per share.
• JRS Investments also holds Class B Common Stock, which is convertible to Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by a major shareholder under a pre-planned trading strategy. It is neither positive nor negative, but rather a neutral disclosure.

Industry Context

This filing is a routine disclosure of stock transactions by a major shareholder, which is common in the public markets. It does not indicate any specific trend in the industry but rather reflects the trading activity of a specific entity.

Comparison to Industry Standards

• The transaction is a standard practice for major shareholders of public companies.
• Rule 10b5-1 plans are commonly used by insiders to avoid accusations of trading on non-public information.
• The price range of $105.50 to $105.80 per share is within the typical trading range for a stock like Altair Engineering.

Stakeholder Impact

• The stock sale by JRS Investments may have a minor impact on the stock price, but it is unlikely to be significant given the pre-planned nature of the transaction.

Key Dates

Keywords

Altair Engineering, JRS Investments LLC, Class A Common Stock, Class B Common Stock, Rule 10b5-1, stock sale, shareholder, SEC Form 4