Form 4: Arteris Inc. CFO Nicholas Hawkins Sells 10,000 Shares Under 10b5-1 Trading Plan

Nicholas Hawkins, CFO of Arteris, Inc., sold 10,000 shares of common stock at an average price of $6.9782 on March 11, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 11, 2024, Nicholas B. Hawkins, the VP and Chief Financial Officer of Arteris, Inc., sold 10,000 shares of Arteris common stock.
• The sale was executed at a weighted average price of $6.9782 per share, with individual sales prices ranging from $6.90 to $7.09.
• The transaction was conducted under a pre-existing 10b5-1 trading plan adopted on May 12, 2023.
• Following the transaction, Hawkins directly owns 268,569 shares of Arteris common stock, which includes 119,465 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company executives are a normal part of corporate governance. The fact that the sale was executed under a 10b5-1 trading plan suggests it was pre-planned and intended to avoid any accusations of insider trading.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates