Form 4: Arteris Director Antonio J. Viana Transfers and Sells Shares Under 10b5-1 Plan
SEC Form 4
Director Antonio J. Viana reports share transfers to the Viana Family Trust and sales under a pre-arranged 10b5-1 trading plan.
Summary
- Antonio J. Viana, a director of Arteris, Inc., reported several transactions involving the company's common stock.
- On May 30, 2024, Viana transferred 2,781 shares to the Viana Family Trust and received 2,781 shares from the Viana Family Trust.
- On June 6, 2024, Viana transferred 29,027 shares to the Viana Family Trust and received 29,027 shares from the Viana Family Trust.
- On June 7, 2024, Viana sold 26,919 shares at a weighted average price of $7.8545 per share, with prices ranging from $7.69 to $8.08.
- These transactions were made pursuant to a 10b5-1 trading plan adopted on December 5, 2022.
- Following these transactions, Viana directly owns 19,288 shares (including 19,287 restricted stock units) and indirectly owns 203,639 shares through the Viana Family Trust.
Sentiment
Score: 5
Explanation: The document reports routine transactions (share transfers and sales under a pre-arranged plan) by a company director, suggesting a neutral sentiment.
Industry Context
Share sales by company directors are common and often pre-planned using 10b5-1 trading plans to avoid accusations of insider trading. These plans allow insiders to sell shares at predetermined times and prices.
Related Party Transactions
- Shares were transferred to the Viana Family Trust, for which the reporting person is the trustee.
Stakeholder Impact
- The share sale may have a minor impact on shareholders, but the pre-planned nature of the transaction mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| December 5, 2022 | Date the Reporting Person adopted the 10b5-1 trading plan |
| May 30, 2024 | Date of share transfer to Viana Family Trust |
| June 6, 2024 | Date of share transfer to Viana Family Trust |
| June 7, 2024 | Date of share sale under 10b5-1 plan |
| June 10, 2024 | Date of Form 4 filing |
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