Nelson Dias - 16 May 2023 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
Chief Revenue Officer
Signature
/s/ Raoul Maitra, attorney-in-fact for Nelson Navin Patrick Dias
Issuer symbol
ALTR
Transactions as of
16 May 2023
Net transactions value
-$246,459
Form type
4
Filing time
17 May 2023, 09:58:51 UTC
Previous filing
17 Mar 2023
Next filing
05 Jun 2023
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 $0 +1,596 +4.7% $0.000000 35,809 16 May 2023 Direct F1
transaction ALTR Class A Common Stock Options Exercise $0 +2,040 +5.7% $0.000000 37,849 16 May 2023 Direct F1
transaction ALTR Class A Common Stock Sale $246,459 -3,636 -9.6% $67.78 34,213 16 May 2023 Direct F1, F2

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 -1,596 -100% $0.000000* 0 16 May 2023 Class A Common Stock 1,596 $3.84 Direct F3
transaction ALTR Stock Option (Right to Buy) Options Exercise $0 -2,040 -100% $0.000000* 0 16 May 2023 Class A Common Stock 2,040 $3.64 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 8,981 Class A Common Stock restricted stock units that are unvested.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.49 to $68.07 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 options vested in 4 equal annual installments commencing December 17, 2016. This option is currently fully vested.
F4 The options vested in 4 equal annual installments commencing May 17, 2017. This option is currently fully vested.