Brett R. Chouinard - Jul 7, 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
Stock symbol
ALTR
Transactions as of
Jul 7, 2021
Transactions value $
-$321,902
Form type
4
Date filed
7/7/2021, 07:59 PM
Previous filing
Jun 30, 2021
Next filing
Jul 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALTR Class A Common Stock Options Exercise $25.9K +5K +37.8% $5.18* 18.2K Jul 7, 2021 Direct F1
transaction ALTR Class A Common Stock Sale -$241K -3.48K -19.1% $69.19 14.7K Jul 7, 2021 Direct F1, F2, F3
transaction ALTR Class A Common Stock Sale -$107K -1.52K -10.3% $70.41 13.2K Jul 7, 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 -5K -37.15% $0.00 8.46K Jul 7, 2021 Class A Common Stock 5K $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 $68.84 to $69.783 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 $70.26 to $70.72 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