Form 4: Arteris Inc. CEO Charles Janac Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Arteris, Inc. CEO Charles Janac sold 1,955 shares of common stock at an average price of $7.2587 on September 5, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On September 5, 2024, Charles Janac, the President and CEO of Arteris, Inc., sold 1,955 shares of the company's common stock.
- The sale was executed at a weighted average price of $7.2587 per share, with individual transactions ranging from $7.15 to $7.40.
- The transaction was conducted under a 10b5-1 trading plan adopted on February 27, 2024.
- Following the transaction, Janac directly owns 292,767 shares of Arteris, Inc.
- 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 is a standard regulatory filing related to an insider stock sale. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
This is a routine disclosure of an insider stock sale, which is common for executives who often have a significant portion of their compensation tied to company stock. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices, avoiding accusations of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| February 27, 2024 | Date the 10b5-1 trading plan was adopted by the Reporting Person |
| September 05, 2024 | Date of the stock sale transaction |
| September 06, 2024 | Date of the signature on the Form 4 filing |
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