George J. Christ - Apr 11, 2023 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
10%+ Owner
Signature
/s/ Raoul Maitra, attorney-in-fact for George J. Christ
Stock symbol
ALTR
Transactions as of
Apr 11, 2023
Transactions value $
-$3,525,200
Form type
4
Date filed
4/12/2023, 03:53 PM
Previous filing
Apr 10, 2023
Next filing
Apr 17, 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 +50K $0.00 50K Apr 11, 2023 By Christ Revocable Trust dated May 8, 2015 F2
transaction ALTR Class A Common Stock Sale -$3.53M -50K -100% $70.50 0 Apr 11, 2023 By Christ Revocable Trust dated May 8, 2015 F2, F3
holding ALTR Class A Common Stock 187K Apr 11, 2023 By The Dana Christ Irrevocable Trust Dated May 8, 2015 F1
holding ALTR Class A Common Stock 187K Apr 11, 2023 By The Lauren Christ Irrevocable Trust Dated May 8, 2015 F1

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 -50K -0.9% $0.00 5.48M Apr 11, 2023 Class A Common Stock 50K $0.00 By Christ Revocable Trust dated May 8, 2015 F2, F4
holding ALTR Class B Common Stock 4.84M Apr 11, 2023 Class A Common Stock 4.84M $0.00 By GC Investments LLC F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person serves as co-Trustee. Reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2 Reporting person serves as Trustee. Reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.25 to $70.82 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. 333-225412) for a description of the conversion rights.
F5 Reporting person serves as Manager. Reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.