Form 4: Arteris Inc. Director Antonio J. Viana Sells Shares Under 10b5-1 Trading Plan

Director Antonio J. Viana of Arteris, Inc. sold 2,836 shares of common stock at an average price of $8.1026 on June 10, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On June 10, 2024, Antonio J. Viana, a director of Arteris, Inc., sold 2,836 shares of common stock.
• The sale was executed at a weighted average price of $8.1026 per share, with individual prices ranging from $7.91 to $8.26.
• This transaction was conducted under a 10b5-1 trading plan adopted on November 13, 2023.
• Following the transaction, Viana directly owns 19,288 shares, including 19,287 restricted stock units, and indirectly owns 200,803 shares through the Viana Family Trust.

Sentiment

Score: 5

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

Industry Context

Sales by company directors are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on non-public information.

Comparison to Industry Standards

• It is common for directors and officers of publicly traded companies to utilize 10b5-1 trading plans to manage their stock holdings.
• These plans allow insiders to sell shares at predetermined times and prices, avoiding concerns about insider trading.
• The volume of shares sold by Viana is relatively small compared to the total outstanding shares of Arteris, Inc.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 trading plan mitigates concerns about insider trading.
• The impact on employees, customers, suppliers, and creditors is likely to be minimal.

Key Dates