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

Role
10%+ Owner
Signature
/s/ Raoul Maitra, attorney-in-fact for Christ Revocable Trust dated May 8, 2015
Issuer symbol
ALTR
Transactions as of
26 Mar 2025
Net transactions value
-$506,440,914
Form type
4
Filing time
26 Mar 2025, 16:36:26 UTC
Previous filing
25 Oct 2024

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 $506,440,914 -4,481,778 -100% $113.00 0 26 Mar 2025 Class A Common Stock 4,481,778 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Christ Revocable Trust 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 B Common Stock was canceled and converted into the right receive $113.00 in cash without interest.
F3 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.