Form 4: Arteris Inc. CFO Nicholas B. Hawkins Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Nicholas B. Hawkins, CFO of Arteris, Inc., sold 690 shares of common stock at a price of $8.17 per share on March 6, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On March 6, 2025, Nicholas B. Hawkins, the VP and Chief Financial Officer of Arteris, Inc., sold 690 shares of Arteris, Inc. common stock.
- The sale was executed at a price of $8.17 per share.
- The transaction was conducted under a pre-existing 10b5-1 trading plan adopted on May 20, 2024.
- Following the transaction, Hawkins directly owns 185,433 shares of Arteris, Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date the Reporting Person adopted the 10b5-1 trading plan |
| 03/06/2025 | Date of the transaction (sale of shares) |
| 03/07/2025 | Date of signature for the Form 4 filing |
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