Form 4: JRS Investments LLC Executes Stock Sales in Altair Engineering Inc. (ALTR)

JRS Investments LLC, a 10% owner of Altair Engineering Inc., reports the sale of Class A Common Stock on October 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On October 28, 2024, JRS Investments LLC sold shares of Altair Engineering Inc.'s Class A Common Stock.
• The sales were executed under a previously established Rule 10b5-1 trading plan adopted on March 11, 2024.
• A total of 6,500 shares were acquired at $0 and 6,500 shares of Class B Common Stock were converted to Class A Common Stock.
• Sales occurred in multiple transactions with weighted average prices ranging from $101.6036 to $104.305 per share.
• Following the reported transactions, JRS Investments LLC directly owns 0 shares of Class A Common Stock.
• JRS Investments LLC directly owns 6,633,182 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a standard Form 4 filing reporting stock sales under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions. Rule 10b5-1 plans are commonly used to allow insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• The stock sales by JRS Investments LLC could have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates