Teresa A. Harris - Mar 26, 2025 Form 4 Insider Report for Altair Engineering Inc. (ALTR)

Role
Director
Signature
/s/ Raoul Maitra, attorney-in-fact for Teresa A. Harris
Stock symbol
ALTR
Transactions as of
Mar 26, 2025
Transactions value $
-$3,779,606
Form type
4
Date filed
3/26/2025, 04:50 PM
Previous filing
Mar 6, 2025
Next filing
May 9, 2025
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 -$2.04M -18.1K -100% $113.00 0 Mar 26, 2025 Direct F1, F2, F3

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 Class A Common Stock Option Disposed to Issuer -$1.3M -12K -100% $108.48 0 Mar 26, 2025 Class A Common Stock 12K $4.52 Direct F1, F4
transaction ALTR Class A Common Stock Option Disposed to Issuer -$431K -4K -100% $107.82 0 Mar 26, 2025 Class A Common Stock 4K $5.18 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Teresa A. Harris 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.
F4 Each option that was outstanding immediately prior to the consummation of the merger was vested, canceled and converted into the right to receive the cash value of the option. This option was canceled upon consummation of the merger in exchange for an aggregate cash payment of $1,303,929.60, representing the difference between the exercise price of the option and $113.00.
F5 Each option that was outstanding immediately prior to the consummation of the merger was vested, canceled and converted into the right to receive the cash value of the option. This option was canceled upon consummation of the merger in exchange for an aggregate cash payment of $431,280.00, representing the difference between the exercise price of the option and $113.00.