James Dagg - 07 May 2021 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
Chief Technical Officer, Modeling/Visualization
Signature
/s/ Raoul Maitra, attorney-in-fact for James Dagg
Issuer symbol
ALTR
Transactions as of
07 May 2021
Net transactions value
-$653,774
Form type
4
Filing time
10 May 2021, 07:02:18 UTC
Next filing
08 Jun 2021
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 Options Exercise $0 +10,000 +123% $0.000000 18,147 07 May 2021 Direct F1, F2
transaction ALTR Class A Common Stock Sale $595,208 -9,114 -50% $65.31 9,033 07 May 2021 Direct F2, F3, F4
transaction ALTR Class A Common Stock Sale $58,566 -886 -9.8% $66.10 8,147 07 May 2021 Direct F2, F3, F5

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 -10,000 -1.8% $0.000000 556,452 07 May 2021 Class A Common Stock 10,000 $0.000000 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercise price is $0.000025.
F2 Includes 5,052 Class A Common Stock restricted stock units that are unvested.
F3 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 5, 2021.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.94 to $65.85 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.945 to $66.64 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.
F6 The options vested upon grant. The option is currently fully vested.

Remarks:

Chief Technical Officer, Modeling/Visualization