Teresa A. Harris - 06 Aug 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
06 Aug 2024
Net transactions value
-$51,193
Form type
4
Filing time
06 Aug 2024, 14:01:25 UTC
Previous filing
10 Jul 2024
Next filing
28 Aug 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 +2.9% $0.000000 21,862 06 Aug 2024 Direct F1
transaction ALTR Class A Common Stock Sale $51,193 -620 -2.8% $82.57 21,242 06 Aug 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 -4.3% $0.000000 13,880 06 Aug 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 Includes 2,347 Class A Common Stock restricted stock units that are unvested.
F2 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.
F3 The options vested in 2 equal annual installments commencing November 23, 2017. This option is currently fully vested.