George J. Christ - 26 Mar 2025 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
10%+ Owner
Signature
/s/ Raoul Maitra, attorney-in-fact for George J. Christ
Issuer symbol
ALTR
Transactions as of
26 Mar 2025
Net transactions value
-$1,039,682,716
Form type
4
Filing time
26 Mar 2025, 16:29:19 UTC
Previous filing
25 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALTR Class A Common Stock Disposed to Issuer $21,184,675 -187,475 -100% $113.00 0 26 Mar 2025 By The Dana Christ Irrevocable Trust Dated May 8, 2015 F1, F2, F3
transaction ALTR Class A Common Stock Disposed to Issuer $21,184,675 -187,475 -100% $113.00 0 26 Mar 2025 By The Lauren Christ Irrevocable Trust Dated May 8, 2015 F1, F2, F3
transaction ALTR Class A Common Stock Disposed to Issuer $33,900,000 -300,000 -100% $113.00 0 26 Mar 2025 By GC Investments F1, F2, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALTR Class B Common Stock Disposed to Issuer $456,972,452 -4,044,004 -100% $113.00 0 26 Mar 2025 Class A Common Stock 4,044,004 $0.000000 By GC Investments F1, F4, F5, F6
transaction ALTR Class B Common Stock Disposed to Issuer $506,440,914 -4,481,778 -100% $113.00 0 26 Mar 2025 Class A Common Stock 4,481,778 $0.000000 By Christ Revocable Trust F1, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

George J. Christ is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On March 26, 2025, the Company was acquired by Siemens Industry Software Inc. ("Siemens") pursuant to the merger agreement entered into among the Company, Siemens, and Astra Merger Sub Inc., dated as of October 30, 2024.
F2 Upon the consummation of the merger, each issued and outstanding share of the Company's Class A Common Stock was canceled and converted into the right receive $113.00 in cash without interest.
F3 Reporting person serves as co-Trustee. Reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F4 Reporting person serves as Manager. Reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F5 Upon the consummation of the merger, each issued and outstanding share of the Company's Class B Common Stock was canceled and converted into the right receive $113.00 in cash without interest.
F6 Each share of the Company's Class B Common Stock was immediately convertible, at the option of the shareholder, into one share of Class A Common Stock and automatically convertible into Class A Common Stock upon the occurrence of certain events.
F7 Reporting person serves as Trustee. Reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.