Form 4: Arteris Inc. COO Laurent R. Moll Sells Shares to Cover Tax Obligations

Laurent R. Moll, Chief Operating Officer of Arteris, Inc., sold shares of common stock to cover tax liabilities arising from the release of restricted stock units.

Summary

• On September 11 and 12, 2024, Laurent R. Moll, the Chief Operating Officer of Arteris, Inc., sold shares of the company's common stock.
• The sales were executed to satisfy tax liabilities related to the release of restricted stock units.
• On September 11, 2024, Moll sold 29,998 shares at a price of $6.9544 per share, followed by 862 shares at the same price.
• On September 12, 2024, Moll sold 6,652 shares at a weighted average price of $7.1567, with prices ranging from $7.07 to $7.27.
• Following these transactions, Moll directly owns 494,468 shares of Arteris, Inc. common stock.
• The sale on September 12, 2024, was made pursuant to a pre-arranged 10b5-1 trading plan adopted on March 15, 2024.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by an executive to cover tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Insider sales are a common occurrence, particularly when executives exercise stock options or restricted stock units, often leading to sales to cover associated tax liabilities. The use of 10b5-1 trading plans is a standard practice to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sales could have a minor, temporary impact on the stock price, but are unlikely to have a significant long-term effect on shareholders.
• The sales do not directly impact employees, customers, suppliers, or creditors.

Key Dates