James R. Scapa Declaration of Trust - Jul 29, 2024 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
10%+ Owner
Signature
/s/ Raoul Maitra, attorney-in-fact for James R. Scapa Declaration of Trust dated March 5, 1987
Stock symbol
ALTR
Transactions as of
Jul 29, 2024
Transactions value $
-$572,707
Form type
4
Date filed
7/30/2024, 03:30 PM
Previous filing
Jul 1, 2024
Next filing
Aug 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALTR Class A Common Stock Conversion of derivative security $0 +6.5K $0.00 6.5K Jul 29, 2024 Direct
transaction ALTR Class A Common Stock Sale -$441K -5.02K -77.18% $87.96 1.48K Jul 29, 2024 Direct F1, F2
transaction ALTR Class A Common Stock Sale -$131K -1.48K -100% $88.60 0 Jul 29, 2024 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 Class B Common Stock Conversion of derivative security $0 -6.5K -0.06% $0.00 10.3M Jul 29, 2024 Class A Common Stock 6.5K $0.00 Direct F4
* 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 March 11, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.42 to $88.415 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 $88.42 to $88.90 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 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.