JRS Investments LLC - May 17, 2021 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
10%+ Owner
Signature
/s/ Raoul Maitra, attorney-in-fact for JRS Investments, LLC
Stock symbol
ALTR
Transactions as of
May 17, 2021
Transactions value $
-$1,543,941
Form type
4
Date filed
5/19/2021, 04:58 PM
Next filing
May 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALTR Class A Common Stock Conversion of derivative security $0 +8.43K $0.00 8.43K May 17, 2021 Direct
transaction ALTR Class A Common Stock Sale -$548K -8.43K -100% $65.08 0 May 17, 2021 Direct F1, F2
transaction ALTR Class A Common Stock Conversion of derivative security $0 +15.4K $0.00 15.4K May 18, 2021 Direct
transaction ALTR Class A Common Stock Sale -$413K -6.48K -41.96% $63.67 8.97K May 18, 2021 Direct F1, F3
transaction ALTR Class A Common Stock Sale -$400K -6.18K -68.92% $64.76 2.79K May 18, 2021 Direct F1, F4
transaction ALTR Class A Common Stock Sale -$183K -2.79K -100% $65.65 0 May 18, 2021 Direct F1, 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 B Common Stock Conversion of derivative security $0 -8.43K -0.12% $0.00 7.01M May 17, 2021 Class A Common Stock 8.43K $0.00 Direct F6
transaction ALTR Class B Common Stock Conversion of derivative security $0 -15.4K -0.22% $0.00 6.99M May 18, 2021 Class A Common Stock 15.4K $0.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale of the shares of Class A Common Stock were made pursuant to a plan intended to comply with Rule 10b5-1 of the Exchange Act, previously entered into on June 15, 2020 and as modified on December 15, 2020.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.74 to $65.55 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.31 to $64.29 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.32 to $65.31 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.32 to $66.03 per share, inclusive. The reporting person undertakes to provide to Altair Engineering Inc., any security holder of Altair Engineering Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F6 Each share of Class B common stock is immediately convertible, at the option of the shareholder, into one share of Class A common stock and shall automatically convert into Class A common stock upon the occurrence of certain events. Please see Altair Engineering Inc. Registration Statement filed with the Securities and Exchange Commission on Form S-1 (File No. 333-220710) for a description of the conversion rights.