Brown Matthew Charles 4

Accession 0000950170-25-045344

CIK 0001701732other

View on SEC.gov Company Profile

Filed

Mar 25, 8:00 PM ET

Accepted

Mar 26, 4:42 PM ET

Size

23.0 KB

Accession

0000950170-25-045344

Insider Transaction Report

Form 4

Period: 2025-03-26

Altair Engineering Inc.ALTR

Brown Matthew Charles

Chief Financial Officer

Transactions

Disposition to Issuer
Class A Common Stock
2025-03-26$113.00/sh−66,125$7,472,125→ 0 total
Disposition to Issuer
Class A Common Stock Option
2025-03-26$51.21/sh−12,000$614,520→ 0 total
Exercise: $61.79Exp: 2032-12-15→ Class A Common Stock (12,000 underlying)
Disposition to Issuer
Class A Common Stock Option
2025-03-26$33.97/sh−21,563$732,495→ 0 total
Exercise: $79.03Exp: 2034-03-15→ Class A Common Stock (21,563 underlying)
Disposition to Issuer
Class A Common Stock Option
2025-03-26$50.09/sh−8,000$400,720→ 0 total
Exercise: $62.91Exp: 2032-03-19→ Class A Common Stock (8,000 underlying)
Disposition to Issuer
Class A Common Stock Option
2025-03-26$67.09/sh−24,000$1,610,160→ 0 total
Exercise: $45.91Exp: 2032-12-15→ Class A Common Stock (24,000 underlying)
Disposition to Issuer
Class A Common Stock Option
2025-03-26$55.30/sh−45,000$2,488,500→ 0 total
Exercise: $57.70Exp: 2031-01-04→ Class A Common Stock (45,000 underlying)
Disposition to Issuer
Class A Common Stock Option
2025-03-26$47.81/sh−20,625$986,081→ 0 total
Exercise: $65.19Exp: 2033-03-02→ Class A Common Stock (20,625 underlying)

Footnotes (17)

[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.
[F10]Includes 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 2,000 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
[F11]This option represents an aggregate cash value of $400,720.00, representing the difference between the exercise price of the option and $113.00.
[F12]Includes 12,000 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
[F13]This option represents an aggregate cash value of $1,610,160.00, representing the difference between the exercise price of the option and $113.00.
[F14]Includes 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 10,312 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
[F15]This option represents an aggregate cash value of $986,081.25, representing the difference between the exercise price of the option and $113.00.
[F16]Includes 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 16,172 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
[F17]This option represents an aggregate cash value of $732,495.11, representing the difference between the exercise price of the option and $113.00.
[F2]Includes 2,500 Class A Common Stock restricted stock units ("RSUs") that are unvested and scheduled to vest on or prior to December 31, 2025, and 36,955 RSUs that are unvested and scheduled to vest on or after January 1, 2026.
[F3]Upon the consummation of the merger, each issued and outstanding share of the Company's Class A Common Stock ("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 and was scheduled to vest on or before December 31, 2025 was vested, canceled and converted into the right to receive $113.00 in cash without interest.
[F4](continued from footnote 3) Each RSU that was granted under the 2017 Plan that was outstanding immediately prior to the consummation of the merger, and scheduled to vest on or after January 1, 2026 was canceled and converted into the right to receive $113.00 in cash without interest, and will be paid on the last day of the calendar quarter preceding the quarter in which such RSU would have otherwise vested in accordance with the vesting schedule in effect immediately prior to the consummation of the merger, less any applicable withholding taxes, subject to acceleration in certain circumstances.
[F5]This option is fully vested.
[F6]Each option that was outstanding immediately prior to the consummation of the merger and was scheduled to vest on or before December 31, 2025 was vested, canceled and converted into the right to receive the cash value of the option. Each option that was outstanding immediately prior to the consummation of the merger, and scheduled to vest on or after January 1, 2026 was canceled and converted into a right to receive the cash value of the option, such cash value of the option to be paid on the last day of the calendar quarter preceding the quarter in which such option would have otherwise vested in accordance with the vesting schedule in effect immediately prior to the consummation of the merger, less any applicable withholding taxes, subject to acceleration in certain circumstances.
[F7]This option represents an aggregate cash value of $2,488,500.00, representing the difference between the exercise price of the option and $113.00.
[F8]Includes 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 3,000 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
[F9]This option represents an aggregate cash value of $614,520.00, representing the difference between the exercise price of the option and $113.00.

Documents

1 file

4
ownership.xmlPrimary
4

Issuer

Altair Engineering Inc.

CIK 0001701732

→

Entity typeother

Related Parties

filerCIK 0001766979

Filing Metadata

Form type: 4
Filed: Mar 25, 8:00 PM ET
Accepted: Mar 26, 4:42 PM ET
Size: 23.0 KB

View on SEC.gov