Form 4: Arteris Inc. CFO Nicholas Hawkins Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Nicholas Hawkins, CFO of Arteris, Inc., sold 4,958 shares of common stock at an average price of $7.1301 on October 4, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On October 4, 2024, Nicholas B. Hawkins, the VP and Chief Financial Officer of Arteris, Inc. (AIP), sold 4,958 shares of the company's common stock.
- The sale was executed at a weighted average price of $7.1301 per share.
- The transactions occurred within a price range of $7.05 to $7.26.
- The sale was conducted under a pre-existing 10b5-1 trading plan adopted on May 20, 2024.
- Following the transaction, Hawkins directly owns 211,713 shares of Arteris, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard Form 4 filing for a pre-planned stock sale.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant impact due to the pre-planned nature of the sale.
Key Dates
| Date | Description |
|---|---|
| May 20, 2024 | Date the 10b5-1 trading plan was adopted by Nicholas Hawkins. |
| October 04, 2024 | Date of the stock sale transaction. |
| October 08, 2024 | Date of the Form 4 filing. |
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