Form 4: Arteris CFO Nicholas Hawkins Sells Shares to Cover Tax Obligations

Nicholas Hawkins, CFO of Arteris, Inc., sold shares of common stock on March 4th and 5th, 2024, to cover tax liabilities related to the release of restricted stock units.

Summary

• Nicholas Hawkins, the VP and Chief Financial Officer of Arteris, Inc., reported the sale of Arteris common stock.
• The sales occurred on March 4, 2024, and March 5, 2024.
• A total of 501 shares were sold on March 4th at a price of $7.1662 per share.
• On March 5th, 657 shares were sold at a price of $7.17 per share.
• These transactions were made to satisfy the reporting person's tax liability arising from the release of restricted stock units.
• The sales were executed under a pre-arranged 10b5-1 trading plan adopted on May 12, 2023.
• Following the reported transactions, Hawkins beneficially owns 278,569 shares, including 119,465 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales for tax purposes. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This is a routine disclosure related to insider trading activity. It is common for executives to sell shares to cover tax obligations arising from the vesting of stock awards.

Stakeholder Impact

• The stock sale may have a minor dilutive effect on existing shareholders, but the impact is likely minimal given the relatively small number of shares involved.

Key Dates