Brett R. Chouinard - 23 Jun 2021 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
Chief Technical Officer, Modeling/Visualization, Director
Signature
/s/ Raoul Maitra, attorney-in-fact for Brett R. Chouinard
Issuer symbol
ALTR
Transactions as of
23 Jun 2021
Net transactions value
-$307,012
Form type
4
Filing time
23 Jun 2021, 17:43:05 UTC
Previous filing
17 Jun 2021
Next filing
30 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALTR Class A Common Stock Options Exercise $25,900 +5,000 +38% $5.18* 18,228 23 Jun 2021 Direct F1
transaction ALTR Class A Common Stock Sale $289,073 -4,345 -24% $66.53 13,883 23 Jun 2021 Direct F1, F2, F3
transaction ALTR Class A Common Stock Sale $43,839 -655 -4.7% $66.93 13,228 23 Jun 2021 Direct 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 Stock Option (Right to Buy) Options Exercise $0 -5,000 -21% $0.000000 18,460 23 Jun 2021 Class A Common Stock 5,000 $5.18 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 9,972 Class A Common Stock restricted stock units that are unvested.
F2 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 May 13, 2021.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.85 to $66.73 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 $66.90 to $66.935 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 options vest in 4 equal annual installments commencing June 9, 2018.

Remarks:

Chief Technical Officer, Modeling/Visualization