Form 4: Arteris Inc. CFO Nicholas Hawkins Sells Shares to Cover Tax Obligations

Nicholas Hawkins, CFO of Arteris, Inc., sold shares of common stock on September 3, 2024, to cover tax liabilities related to the release of restricted stock units and under a pre-arranged 10b5-1 trading plan.

Summary

• On September 3, 2024, Nicholas B. Hawkins, the CFO of Arteris, Inc., sold shares of the company's common stock.
• A total of 474 shares were sold at $7.8718 per share to satisfy tax liabilities arising from the release of restricted stock units.
• Additionally, 11,154 shares were sold at a weighted average price of $7.8551 per share under a 10b5-1 trading plan adopted on May 20, 2024.
• Following these transactions, Hawkins directly owns 224,659 shares of Arteris, Inc. common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports stock sales by an executive, which is a common occurrence.

Industry Context

This is a routine disclosure of stock sales by a company executive, which is common practice for managing personal finances and complying with securities regulations.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates