Jeffrey Marraccini - 07 Nov 2023 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
Chief Information Security Officer
Signature
/s/ Raoul Maitra, attorney-in-fact for Jeffrey Marraccini
Issuer symbol
ALTR
Transactions as of
07 Nov 2023
Net transactions value
-$250,786
Form type
4
Filing time
08 Nov 2023, 18:24:31 UTC
Previous filing
17 Jul 2023
Next filing
17 Jan 2024
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 +1,200 +29% $0.000000 5,342 07 Nov 2023 Direct F1
transaction ALTR Class A Common Stock Options Exercise $0 +2,511 +47% $0.000000 7,853 07 Nov 2023 Direct F1
transaction ALTR Class A Common Stock Sale $175,992 -2,611 -33% $67.40 5,242 07 Nov 2023 Direct F1, F2
transaction ALTR Class A Common Stock Sale $74,794 -1,100 -21% $68.00 4,142 07 Nov 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 Stock Option (Right to Buy) Options Exercise $0 -1,200 -17% $0.000000 5,778 07 Nov 2023 Class A Common Stock 1,200 $39.82 Direct F4
transaction ALTR Stock Option (Right to Buy) Options Exercise $0 -2,511 -100% $0.000000* 0 07 Nov 2023 Class A Common Stock 2,511 $39.82 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 3,256 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 $66.805 to $67.77 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 $67.83 to $68.165 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 options vested in 2 equal annual installments commencing June 2, 2022. This option is currently fully vested.
F5 The options vested in 2 equal annual installments commencing June 2, 2022. This option is currently fully vested.

Remarks:

Chief Information Security Officer