Form 4: Arteris Inc. CEO Charles Janac Sells Shares to Cover Tax Obligations
SEC Form 4
Arteris, Inc. CEO Charles Janac sold 1,330 shares of common stock on March 3, 2025, to cover tax liabilities related to the release of restricted stock units.
Summary
- On March 3, 2025, Charles Janac, the President and CEO of Arteris, Inc., sold 1,330 shares of Arteris, Inc. common stock at a price of $8.3833 per share.
- The sale was executed to satisfy Mr. Janac's tax obligations arising from the vesting of restricted stock units.
- Following the transaction, Mr. Janac directly owns 327,240 shares of Arteris, Inc. common stock.
- He also indirectly owns 9,907,691 shares through Bayview Legacy, LLC, where he serves as manager and has voting and dispositive power.
- Additionally, Mr. Janac indirectly owns 56,252 shares through the Charles and Lydia Janac Trust, where he serves as trustee.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no indication of positive or negative sentiment.
Industry Context
This is a routine Form 4 filing, which is common for corporate executives who sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of stock sale transaction. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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