Form 4: Arteris Inc. Director Transfers Shares to Revocable Trust
SEC Form 4 Filing
Director Saiyed Atiq Raza transfers shares to a revocable trust, affecting both direct and indirect ownership of Arteris, Inc. stock.
Summary
- On June 6, 2024, Saiyed Atiq Raza, a director of Arteris, Inc., engaged in a transaction involving the transfer of common stock.
- 29,027 shares were transferred to the Saiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust, for which the reporting person is the trustee.
- Following the transaction, Raza directly owns 19,287 shares, which includes 19,287 restricted stock units.
- Additionally, 846,242 shares are indirectly owned through the Saiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock transfer. It doesn't inherently convey positive or negative sentiment regarding the company's performance or prospects.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency regarding the ownership structure of Arteris, Inc.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the ownership structure of Arteris, Inc.
Key Dates
| Date | Description |
|---|---|
| 11/26/2012 | Date of the Saiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust |
| 06/06/2024 | Date of the stock transfer transaction |
| 06/10/2024 | Date of signature for the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.