James F. Anderson - Mar 26, 2025 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
Director
Signature
/s/ Raoul Maitra, attorney-in-fact for James F. Anderson
Stock symbol
ALTR
Transactions as of
Mar 26, 2025
Transactions value $
-$1,720,877
Form type
4
Date filed
3/26/2025, 04:30 PM
Previous filing
May 10, 2024
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 Disposed to Issuer -$1.72M -15.2K -100% $113.00 0 Mar 26, 2025 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James F. Anderson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
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.
F2 Includes 2,347 unvested Class A Common Stock restricted stock units ("RSUs").
F3 Upon the consummation of the merger, each issued and outstanding share of the Company's Class A Common Stock was canceled and converted into the right receive $113.00 in cash without interest. Each RSU that was granted under the Company's 2017 Equity Incentive Plan (the "2017 Plan") that was outstanding immediately prior to the consummation of the merger was vested, canceled and converted into the right to receive $113.00 in cash without interest.