Teresa A. Harris - Nov 5, 2024 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
Director
Signature
/s/ Raoul Maitra, attorney-in-fact for Teresa Anita Harris
Stock symbol
ALTR
Transactions as of
Nov 5, 2024
Transactions value $
-$64,542
Form type
4
Date filed
11/6/2024, 11:30 AM
Previous filing
Oct 1, 2024
Next filing
Feb 27, 2025

Transactions Table

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 -4.91% $0.00 12K Nov 5, 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.