Form 4: Arteris CFO Nicholas Hawkins Sells Shares Under 10b5-1 Trading Plan

Nicholas Hawkins, CFO of Arteris, Inc., sold 19,299 shares of common stock at an average price of $8.1377 on November 6, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On November 6, 2024, Nicholas B. Hawkins, the VP and Chief Financial Officer of Arteris, Inc., sold 19,299 shares of Arteris common stock.
• The sale was executed at a weighted average price of $8.1377 per share.
• The transactions occurred under a pre-arranged 10b5-1 trading plan adopted on May 20, 2024.
• Following the transaction, Hawkins directly owns 192,414 shares of Arteris common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. The fact that this sale was executed under a pre-arranged 10b5-1 trading plan suggests it was planned well in advance and not based on any immediate inside information.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 trading plan mitigates this concern.

Key Dates