Form 4: Arteris Inc. Executive Nicholas B. Hawkins Sells Shares to Cover Tax Obligations

Nicholas B. Hawkins, VP and CFO of Arteris, Inc., sold shares of common stock on July 2nd and 3rd, 2024, to cover tax liabilities related to the release of restricted stock units.

Summary

• Nicholas B. Hawkins, the VP and Chief Financial Officer of Arteris, Inc., reported the sale of Arteris, Inc. common stock.
• The transactions occurred on July 2nd and 3rd, 2024.
• A total of 1,504 shares were sold on July 2nd at a price of $6.9795.
• An additional 1,484 shares were sold on July 2nd at a price of $6.9795.
• On July 3rd, 2,462 shares were sold at a weighted average price of $7.2258, with individual prices ranging from $7.12 to $7.36.
• The sales were executed to cover tax liabilities arising from the release of restricted stock units.
• The July 3rd transaction was made pursuant to a pre-arranged 10b5-1 trading plan adopted on May 12, 2023.
• Following these transactions, Hawkins directly owns 236,287 shares of Arteris, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure related to insider trading activity. It is common for executives to sell shares to cover tax liabilities associated with stock-based compensation.

Stakeholder Impact

• The stock sale by a high-ranking officer could be perceived negatively by some shareholders, although it is a common practice to cover tax obligations.

Key Dates