| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ALTR | Class A Common Stock | Conversion of derivative security | $0 | +5K | $0.00 | 5K | Dec 18, 2023 | By James R. Scapa Declaration of Trust dated March 5, 1987 | F3 | |
| transaction | ALTR | Class A Common Stock | Sale | -$366K | -4.93K | -98.66% | $74.11 | 67 | Dec 18, 2023 | By James R. Scapa Declaration of Trust dated March 5, 1987 | F3, F4, F5 |
| transaction | ALTR | Class A Common Stock | Sale | -$5K | -67 | -100% | $74.58 | 0 | Dec 18, 2023 | By James R. Scapa Declaration of Trust dated March 5, 1987 | F3, F4, F6 |
| transaction | ALTR | Class A Common Stock | Conversion of derivative security | $0 | +5K | $0.00 | 5K | Dec 18, 2023 | By JRS Investments LLC | F7 | |
| transaction | ALTR | Class A Common Stock | Sale | -$366K | -4.93K | -98.64% | $74.11 | 68 | Dec 18, 2023 | By JRS Investments LLC | F4, F7, F8 |
| transaction | ALTR | Class A Common Stock | Sale | -$5.07K | -68 | -100% | $74.58 | 0 | Dec 18, 2023 | By JRS Investments LLC | F4, F7, F9 |
| holding | ALTR | Class A Common Stock | 104K | Dec 18, 2023 | Direct | F1 | |||||
| holding | ALTR | Class A Common Stock | 1.3K | Dec 18, 2023 | By wife | F2 |
| 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 | -5K | -0.05% | $0.00 | 10.3M | Dec 18, 2023 | Class A Common Stock | 5K | $0.00 | By James R. Scapa Declaration of Trust dated March 5, 1987 | F3, F10 |
| transaction | ALTR | Class B Common Stock | Conversion of derivative security | $0 | -5K | -0.07% | $0.00 | 6.69M | Dec 18, 2023 | Class A Common Stock | 5K | $0.00 | By JRS Investments LLC | F7, F10 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Includes 72,542 Class A Common Stock restricted stock units that are unvested. |
| F2 | Includes 265 Class A Common Stock restricted stock units that are unvested. |
| F3 | 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. |
| F4 | 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 December 14, 2022. |
| F5 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.55 to $74.50 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. |
| F6 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.555 to $74.64 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. |
| F7 | 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. |
| F8 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.55 to $74.50 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. |
| F9 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.555 to $74.64 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. |
| F10 | 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. |