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

Arteris Inc. director Saiyed Atiq Raza sold a total of 68,249 shares of common stock in two transactions under a pre-arranged 10b5-1 trading plan.

Summary

• Saiyed Atiq Raza, a director at Arteris Inc., sold 62,186 shares of common stock on December 13, 2024, at a weighted average price of $10.3073 per share.
• These shares were sold in multiple transactions with prices ranging from $10.00 to $10.60.
• A further 6,063 shares were sold on December 16, 2024, at a weighted average price of $10.1232 per share.
• These shares were sold in multiple transactions with prices ranging from $10.00 to $10.28.
• The sales were executed under a 10b5-1 trading plan adopted on June 6, 2024.
• Following these transactions, Mr. Raza indirectly beneficially owns 758,643 shares through the Saiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust.

Sentiment

Score: 5

Explanation: The document reflects a routine insider transaction under a pre-arranged plan, which is neither particularly positive nor negative. The sentiment is neutral.

Risks

• Sales by insiders can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

Insider trading activity is a common occurrence in public companies, and these transactions are often scrutinized by investors for insights into management's view of the company's prospects. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on any recent material non-public information.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a standard practice for corporate insiders to avoid accusations of trading on non-public information.
• The reported sales are within the typical range of insider transactions for a company of Arteris' size and market capitalization.
• Comparable companies often see similar filings from their directors and officers.

Stakeholder Impact

• The sales may have a minor impact on shareholder sentiment, but the pre-planned nature of the transactions should mitigate any significant negative reaction.

Key Dates

Keywords

insider trading, Form 4, stock sale, 10b5-1 plan, Arteris Inc., Saiyed Atiq Raza, share transaction