Form 4: Arteris Inc. CEO Charles Janac Sells Shares to Cover Tax Obligations

Charles Janac, CEO of Arteris Inc., sold 1,348 shares of common stock on September 3, 2024, to cover tax liabilities arising from the release of restricted stock units.

Summary

• On September 3, 2024, Charles Janac, the President and CEO of Arteris Inc., sold 1,348 shares of Arteris Inc. common stock.
• The sale was executed at a price of $7.8718 per share.
• The transaction was conducted to satisfy the reporting person's tax liability resulting from the release of restricted stock units.
• Following the transaction, Janac directly owns 294,722 shares of Arteris Inc. common stock.
• Janac also indirectly owns 10,307,691 shares through Bayview Legacy, LLC, where he serves as manager, and 63,252 shares through the Charles & Lydia Janac Trust, where he serves as trustee.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative. It's a neutral event in terms of investment sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The stock sale by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares sold.

Key Dates