Form 4: Arteris Inc. Director Antonio J. Viana Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Director Antonio J. Viana of Arteris, Inc. sold 2,781 shares of common stock at an average price of $6.8377 on November 1, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On November 1, 2024, Antonio J. Viana, a director of Arteris, Inc., sold 2,781 shares of common stock.
- The sale was executed at a weighted average price of $6.8377 per share, with individual prices ranging from $6.75 to $6.94.
- The transaction was conducted under a 10b5-1 trading plan adopted on November 13, 2023.
- Following the transaction, Viana directly owns 24,359 shares and indirectly owns 198,750 shares through the Viana Family Trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a stock sale under a pre-arranged trading plan, which is a common and legal practice.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The stock sale by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| November 13, 2023 | Date the Reporting Person adopted the 10b5-1 trading plan |
| November 01, 2024 | Date of the transaction (stock sale) |
| November 04, 2024 | Date of signature for the Form 4 filing |
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