Christ Revocable Trust - 26 Mar 2025 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Reporting relationship: 10%+ Owner
Issuer ticker: ALTR
Reported as of: 26 Mar 2025
Net transaction value: -$506,440,914
SEC form: 4
Accepted by SEC: 26 Mar 2025, 16:36:26 UTC
Prior SEC filing: 25 Oct 2024
Source filing: View source filing
Reporting owner signature: /s/ Raoul Maitra, attorney-in-fact for Christ Revocable Trust dated May 8, 2015

Key filing fact

Christ Revocable Trust filed Form 4 for Altair Engineering Inc. (ALTR) on 26 Mar 2025.

Key facts

This page summarizes Christ Revocable Trust's Form 4 filing for Altair Engineering Inc. (ALTR).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 26 Mar 2025, 16:36.

Change

Previous filing in this sequence was filed on 25 Oct 2024.
Current net transaction value: -$506,440,914.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ALTR transaction Derivative

Class B Common Stock

Disposed to Issuer

Transaction value: $506,440,914
Shares: -4,481,778
Change %: -100%
Price: $113.00
Shares after: 0
Date: 26 Mar 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 4,481,778
Exercise price: $0.000000
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Christ Revocable Trust is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

On March 26, 2025, the Company was acquired by Siemens Industry Software Inc. ("Siemens") pursuant to the merger agreement entered into among the Company, Siemens, and Astra Merger Sub Inc., dated as of October 30, 2024.

Footnote F2

Upon the consummation of the merger, each issued and outstanding share of the Company's Class B Common Stock was canceled and converted into the right receive $113.00 in cash without interest.

Footnote F3

Each share of the Company's Class B Common Stock was immediately convertible, at the option of the shareholder, into one share of Class A Common Stock and automatically convertible into Class A Common Stock upon the occurrence of certain events.