JRS Investments LLC - Jan 9, 2023 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
Jan 9, 2023
Transactions value $
-$726,762
Form type
4
Date filed
1/10/2023, 03:42 PM
Previous filing
Dec 17, 2021
Next filing
Jan 19, 2023

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 +15K $0.00 15K Jan 9, 2023 Direct
transaction ALTR Class A Common Stock Sale -$716K -14.8K -98.55% $48.44 217 Jan 9, 2023 Direct F1, F2
transaction ALTR Class A Common Stock Sale -$10.6K -217 -100% $49.05 0 Jan 9, 2023 Direct F1, F3

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 -15K -0.22% $0.00 6.78M Jan 9, 2023 Class A Common Stock 15K $0.00 Direct F4
* 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 March 2, 2022 and as modified on November 25, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.00 to $48.99 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 $49.01 to $49.08 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 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.