Form 4: Arteris Inc. CFO Nicholas Hawkins Sells 10,000 Shares
SEC Form 4 Filing
Nicholas B. Hawkins, VP and CFO of Arteris, Inc., sold 10,000 shares of common stock at an average price of $7.2161 on April 11, 2024, according to a Form 4 filing.
Summary
- On April 11, 2024, Nicholas B. Hawkins, the VP and Chief Financial Officer of Arteris, Inc., sold 10,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $7.2161 per share.
- The transactions occurred at prices ranging from $7.12 to $7.39.
- Following the transaction, Hawkins directly owns 252,896 shares of Arteris, Inc., which includes 111,519 restricted stock units.
- The sale was conducted under a pre-arranged 10b5-1 trading plan adopted on May 12, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| May 12, 2023 | Date the Reporting Person adopted the 10b5-1 trading plan |
| April 11, 2024 | Date of the stock sale transaction |
| April 15, 2024 | Date of Form 4 filing |
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