Hi,
I might be an idiot so I wanted some help understanding this SEC Form 4 filing by Jeffery Marraccini, the Chief Information Security Officer at Altair Engineering Inc.
Link to Form 4 filing: https://www.sec.gov/Archives/edgar/data/1701732/000112760224010544/xslF345X05/form4.xml
So, Table I (Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned) here mentions that he received 729 Class A Common Stock making his total ownership 4,663 Class A Common Stock for Altair Engineering.
The footnote #2 (in green) mentions 2,971 Class A Common Stock that are unvested.
The math ain't mathing for me on this one. 4663 (Total) – 729 (What he will receive/received commencing on March 15, 2024) = 3934.
It says that he owned 2971 stocks before this.
So where did the remaining 963 (3934-2971) Class A Common Stocks come from?
I know this is a very stupid question but I still want to know where were the 963 stocks just added in from?!
