4//SEC Filing
Srikanth Mahalingam 4
Accession 0000950170-25-045546
CIK 0001701732other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 6:32 PM ET
Size
35.0 KB
Accession
0000950170-25-045546
Insider Transaction Report
Form 4
Srikanth Mahalingam
Chief Technology Officer
Transactions
- Disposition to Issuer
Class A Common Stock Option
2025-03-26$67.09/sh−24,000$1,610,160→ 0 totalExercise: $45.91Exp: 2032-12-15→ Class A Common Stock (24,000 underlying) - Disposition to Issuer
Class A Common Stock Option
2025-03-26$73.18/sh−22,500$1,646,550→ 0 totalExercise: $39.82Exp: 2030-06-02→ Class A Common Stock (22,500 underlying) - Disposition to Issuer
Class A Common Stock Option
2025-03-26$109.16/sh−7,136$778,966→ 0 totalExercise: $3.84Exp: 2025-12-17→ Class A Common Stock (7,136 underlying) - Disposition to Issuer
Class A Common Stock Option
2025-03-26$47.81/sh−14,845$709,739→ 0 totalExercise: $65.19Exp: 2033-03-02→ Class A Common Stock (14,845 underlying) - Disposition to Issuer
Class A Common Stock Option
2025-03-26$33.97/sh−15,625$530,781→ 0 totalExercise: $79.03Exp: 2034-03-15→ Class A Common Stock (15,625 underlying) - Disposition to Issuer
Class A Common Stock Option
2025-03-26$109.36/sh−3,804$416,005→ 0 totalExercise: $3.64Exp: 2026-05-17→ Class A Common Stock (3,804 underlying) - Disposition to Issuer
Class A Common Stock Option
2025-03-26$107.82/sh−35,168$3,791,814→ 0 totalExercise: $5.18Exp: 2027-06-09→ Class A Common Stock (35,168 underlying) - Disposition to Issuer
Class A Common Stock Option
2025-03-26$60.97/sh−22,500$1,371,825→ 0 totalExercise: $52.03Exp: 2030-12-02→ Class A Common Stock (22,500 underlying) - Disposition to Issuer
Class A Common Stock Option
2025-03-26$51.21/sh−8,500$435,285→ 0 totalExercise: $61.79Exp: 2032-02-15→ Class A Common Stock (8,500 underlying) - Disposition to Issuer
Class A Common Stock
2025-03-26$113.00/sh−49,875$5,635,875→ 0 total - Disposition to Issuer
Class A Common Stock Option
2025-03-26$82.85/sh−1,472$121,955→ 0 totalExercise: $30.15Exp: 2030-03-11→ Class A Common Stock (1,472 underlying) - Disposition to Issuer
Class A Common Stock Option
2025-03-26$51.07/sh−6,280$320,720→ 0 totalExercise: $61.93Exp: 2031-03-15→ Class A Common Stock (6,280 underlying)
Footnotes (27)
- [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]This option is fully vested.
- [F11]This option represents an aggregate cash value of $3,791,813.76, representing the difference between the exercise price of the option and $113.00.
- [F12]This option is fully vested.
- [F13]This option represents an aggregate cash value of $121,955.20, representing the difference between the exercise price of the option and $113.00.
- [F14]This option is fully vested.
- [F15]This option represents an aggregate cash value of $1,646,550, representing the difference between the exercise price of the option and $113.00.
- [F16]This option is fully vested.
- [F17]This option represents an aggregate cash value of $1,371,825.00, representing the difference between the exercise price of the option and $113.00.
- [F18]This option is fully vested.
- [F19]This option represents an aggregate cash value of $320,719.60, representing the difference between the exercise price of the option and $113.00.
- [F2]Includes 0 Class A Common Stock restricted stock units ("RSUs") that are unvested and scheduled to vest on or prior to December 31, 2025, and 19,426 RSUs that are unvested and scheduled to vest on or after January 1, 2026.
- [F20]Includes 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 2,125 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
- [F21]This option represents an aggregate cash value of $435,285.00, representing the difference between the exercise price of the option and $113.00.
- [F22]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.
- [F23]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.
- [F24]Includes 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 7,422 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
- [F25]This option represents an aggregate cash value of $709,739.45, representing the difference between the exercise price of the option and $113.00.
- [F26]Includes 0 shares of Common Stock underlying the options that are unvested and scheduled to vest on or prior to December 31, 2025, and 11,718 shares of Common Stock underlying the options that are unvested and scheduled to vest on or after January 1, 2026.
- [F27]This option represents an aggregate cash value of $530,781.25, representing the difference between the exercise price of the option and $113.00.
- [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 $778,965.76, representing the difference between the exercise price of the option and $113.00.
- [F8]This option is fully vested.
- [F9]This option represents an aggregate cash value of $416,005.44, representing the difference between the exercise price of the option and $113.00.
Documents
Issuer
Altair Engineering Inc.
CIK 0001701732
Entity typeother
Related Parties
1- filerCIK 0001720441
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 6:32 PM ET
- Size
- 35.0 KB