Teresa A. Harris - 07 May 2024 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
Director
Signature
/s/ Raoul Maitra, attorney-in-fact for Teresa Anita Harris
Issuer symbol
ALTR
Transactions as of
07 May 2024
Net transactions value
-$51,392
Form type
4
Filing time
08 May 2024, 11:26:23 UTC
Previous filing
08 May 2024
Next filing
10 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALTR Class A Common Stock Options Exercise $0 +620 +3.3% $0.000000 19,515 07 May 2024 Direct
transaction ALTR Class A Common Stock Sale $51,392 -620 -3.2% $82.89 18,895 07 May 2024 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 -620 -3.8% $0.000000 15,740 07 May 2024 Class A Common Stock 620 $4.52 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

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 November 15, 2023.
F2 Includes 2,974 Class A Common Stock restricted stock units that are unvested.
F3 The options vested in 2 equal annual installments commencing November 23, 2017. This option is currently fully vested.