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

Arteris, Inc. CEO Charles Janac sold shares of common stock on June 4, 2024, to cover tax liabilities related to the release of restricted stock units.

Summary

• On June 4, 2024, Charles Janac, the President and CEO of Arteris, Inc., sold 1,242 shares of common stock at $7.8125 per share and 2,061 shares at a weighted average price of $7.6265.
• These transactions were executed to satisfy tax obligations arising from the release of restricted stock units.
• The sales were conducted under a pre-arranged 10b5-1 trading plan adopted on March 12, 2023.
• Following the reported transactions, Janac directly owns 315,341 shares of Arteris, Inc.
• Janac also indirectly owns 10,307,691 shares through Bayview Legacy, LLC, and 63,252 shares through the Charles & Lydia Janac Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document simply reports stock sales for tax purposes under a pre-existing plan. It doesn't indicate any fundamental issues with the company.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the slight dilution of shares.

Key Dates