Jeffrey Marraccini - 13 May 2024 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
13 May 2024
Net transactions value
-$1,032,525
Form type
4
Filing time
15 May 2024, 12:26:56 UTC
Previous filing
10 May 2024
Next filing
16 Jul 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 Sale $3,688 -43 -0.93% $85.77 4,597 13 May 2024 Direct F1, F2
transaction ALTR Class A Common Stock Options Exercise $0 +12,000 +261% $0.000000 16,597 14 May 2024 Direct F2
transaction ALTR Class A Common Stock Sale $1,028,837 -12,000 -72% $85.74 4,597 14 May 2024 Direct F2, 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 -12,000 -100% $0.000000* 0 14 May 2024 Class A Common Stock 12,000 $52.03 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold to satisfy the tax withholding obligation in connection with the vesting of Class A Common Stock restricted stock units.
F2 Includes 2,825 Class A Common Stock restricted stock units that are unvested.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.50 to $86.075 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 December 2, 2022. This option is currently fully vested.

Remarks:

Chief Information Security Officer