Stephanie Buckner - 26 Mar 2025 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Signature
/s/ Raoul Maitra, attorney-in-fact for Stephanie Buckner
Issuer symbol
ALTR
Transactions as of
26 Mar 2025
Net transactions value
-$12,369,700
Form type
4
Filing time
26 Mar 2025, 16:42:07 UTC
Previous filing
19 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALTR Class A Common Stock Disposed to Issuer $3,542,776 -31,352 -100% $113.00 0 26 Mar 2025 Direct F1, F2, F3, F4
transaction ALTR Class A Common Stock Disposed to Issuer $857,444 -7,588 -100% $113.00 0 26 Mar 2025 By husband F1, F3, F4, F5

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 A Common Stock Option Disposed to Issuer $32,346 -300 -100% $107.82 0 26 Mar 2025 Class A Common Stock 300 $5.18 Direct F1, F6, F7, F8
transaction ALTR Class A Common Stock Option Disposed to Issuer $77,465 -935 -100% $82.85 0 26 Mar 2025 Class A Common Stock 935 $30.15 Direct F1, F7, F9, F10
transaction ALTR Class A Common Stock Option Disposed to Issuer $1,514,826 -20,700 -100% $73.18 0 26 Mar 2025 Class A Common Stock 20,700 $39.82 Direct F1, F7, F11, F12
transaction ALTR Class A Common Stock Option Disposed to Issuer $1,371,825 -22,500 -100% $60.97 0 26 Mar 2025 Class A Common Stock 22,500 $52.03 Direct F1, F7, F13, F14
transaction ALTR Class A Common Stock Option Disposed to Issuer $320,720 -6,280 -100% $51.07 0 26 Mar 2025 Class A Common Stock 6,280 $61.93 Direct F1, F7, F15, F16
transaction ALTR Class A Common Stock Option Disposed to Issuer $307,260 -6,000 -100% $51.21 0 26 Mar 2025 Class A Common Stock 6,000 $61.79 Direct F1, F7, F17, F18
transaction ALTR Class A Common Stock Option Disposed to Issuer $1,610,160 -24,000 -100% $67.09 0 26 Mar 2025 Class A Common Stock 24,000 $45.91 Direct F1, F7, F19, F20
transaction ALTR Class A Common Stock Option Disposed to Issuer $597,625 -12,500 -100% $47.81 0 26 Mar 2025 Class A Common Stock 12,500 $65.19 Direct F1, F7, F21, F22
transaction ALTR Class A Common Stock Option Disposed to Issuer $477,720 -14,063 -100% $33.97 0 26 Mar 2025 Class A Common Stock 14,063 $79.03 Direct F1, F7, F23, F24
transaction ALTR Class A Common Stock Option Disposed to Issuer $439,080 -6,000 -100% $73.18 0 26 Mar 2025 Class A Common Stock 6,000 $39.82 By husband F1, F7, F25, F26
transaction ALTR Class A Common Stock Option Disposed to Issuer $365,820 -6,000 -100% $60.97 0 26 Mar 2025 Class A Common Stock 6,000 $52.03 By husband F1, F7, F27, F28
transaction ALTR Class A Common Stock Option Disposed to Issuer $141,181 -4,286 -100% $32.94 0 26 Mar 2025 Class A Common Stock 4,286 $80.06 By husband F1, F7, F29, F30
transaction ALTR Class A Common Stock Option Disposed to Issuer $91,631 -1,457 -100% $62.89 0 26 Mar 2025 Class A Common Stock 1,457 $50.11 By husband F1, F7, F31, F32
transaction ALTR Class A Common Stock Option Disposed to Issuer $536,720 -8,000 -100% $67.09 0 26 Mar 2025 Class A Common Stock 8,000 $45.91 By husband F1, F7, F33, F34
transaction ALTR Class A Common Stock Option Disposed to Issuer $85,102 -1,780 -100% $47.81 0 26 Mar 2025 Class A Common Stock 1,780 $65.19 By husband F1, F7, F35, F36
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Stephanie Buckner 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 Includes 0 Class A Common Stock restricted stock units ("RSUs") that are unvested and scheduled to vest on or prior to December 31, 2025, and 17,141 RSUs that are unvested and scheduled to vest on or after January 1, 2026.
F3 Upon the consummation of the merger, each issued and outstanding share of the Company's Class A Common Stock ("Common Stock") was canceled and converted into the right receive $113.00 in cash without interest. Each RSU that was granted under the Company's 2017 Equity Incentive Plan (the "2017 Plan") that was outstanding immediately prior to the consummation of the merger and was scheduled to vest on or before December 31, 2025 was vested, canceled and converted into the right to receive $113.00 in cash without interest.
F4 (continued from footnote 3) Each RSU that was granted under the 2017 Plan that was outstanding immediately prior to the consummation of the merger, and scheduled to vest on or after January 1, 2026 was canceled and converted into the right to receive $113.00 in cash without interest, and will be paid on the last day of the calendar quarter preceding the quarter in which such RSU would have otherwise vested in accordance with the vesting schedule in effect immediately prior to the consummation of the merger, less any applicable withholding taxes, subject to acceleration in certain circumstances.
F5 Includes 478 Class A Common Stock restricted stock units ("RSUs") that are unvested and scheduled to vest on or prior to December 31, 2025, and 1,074 RSUs that are unvested and scheduled to vest on or after January 1, 2026.
F6 This option is fully vested.
F7 Each option that was outstanding immediately prior to the consummation of the merger and was scheduled to vest on or before December 31, 2025 was vested, canceled and converted into the right to receive the cash value of the option. Each option that was outstanding immediately prior to the consummation of the merger, and scheduled to vest on or after January 1, 2026 was canceled and converted into a right to receive the cash value of the option, such cash value of the option to be paid on the last day of the calendar quarter preceding the quarter in which such option would have otherwise vested in accordance with the vesting schedule in effect immediately prior to the consummation of the merger, less any applicable withholding taxes, subject to acceleration in certain circumstances.
F8 This option represents an aggregate cash value of $32,346.00, representing the difference between the exercise price of the option and $113.00.
F9 This option is fully vested.
F10 This option represents an aggregate cash value of $77,464.75, representing the difference between the exercise price of the option and $113.00.
F11 This option is fully vested.
F12 This option represents an aggregate cash value of $1,514,826.00, representing the difference between the exercise price of the option and $113.00.
F13 This option is fully vested.
F14 This option represents an aggregate cash value of $1,371,825.00, representing the difference between the exercise price of the option and $113.00.
F15 This option is fully vested.
F16 This option represents an aggregate cash value of $320,719.60, representing the difference between the exercise price of the option and $113.00.
F17 Includes 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 1,500 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
F18 This option represents an aggregate cash value of $307,260.00, representing the difference between the exercise price of the option and $113.00.
F19 Includes 12,000 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
F20 This option represents an aggregate cash value of $1,610,160.00, representing the difference between the exercise price of the option and $113.00.
F21 Includes 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 6,250 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
F22 This option represents an aggregate cash value of $597,625.00, representing the difference between the exercise price of the option and $113.00.
F23 Includes 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 10,547 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
F24 This option represents an aggregate cash value of $477,720.11, representing the difference between the exercise price of the option and $113.00.
F25 This option is fully vested.
F26 This option represents an aggregate cash value of $439,080.00, representing the difference between the exercise price of the option and $113.00.
F27 This option is fully vested.
F28 This option represents an aggregate cash value of $365,820.00, representing the difference between the exercise price of the option and $113.00.
F29 Includes 1,071 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
F30 This option represents an aggregate cash value of $141,180.84, representing the difference between the exercise price of the option and $113.00.
F31 Includes 364 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 364 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
F32 This option represents an aggregate cash value of $91,630.73, representing the difference between the exercise price of the option and $113.00.
F33 Includes 4,000 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
F34 This option represents an aggregate cash value of $536,720.00, representing the difference between the exercise price of the option and $113.00.
F35 Includes 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 890 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
F36 This option represents an aggregate cash value of $85,101.80, representing the difference between the exercise price of the option and $113.00.