Form 4: Arteris Inc. Director Wayne C. Cantwell Reports Acquisition of Restricted Stock Units

Director Wayne C. Cantwell reports acquisition of 32,145 restricted stock units (RSUs) of Arteris, Inc.

Summary

• Wayne C. Cantwell, a director of Arteris, Inc., reported acquiring 32,145 shares of common stock on June 4, 2024, through the grant of restricted stock units (RSUs).
• These RSUs will vest in full on the earlier of the first anniversary of the grant date or immediately before the Annual Meeting following the grant date, contingent upon Cantwell's continued service on the Issuer's Board.
• Following the transaction, Cantwell directly owns 258,198 shares of Arteris, Inc., including the 32,145 RSUs.
• Cantwell also indirectly owns 38,761 shares through the Decathlon Capital Management 401K Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and insider alignment with company goals.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs vest based on continued service, aligning the director's interests with the company's long-term success.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment by demonstrating confidence in the company's prospects.

Key Dates