Form 4: Arteris Inc. VP and General Counsel Paul Alpern Executes Stock Option and Sells Shares Under 10b5-1 Plan

Paul Alpern, VP and General Counsel of Arteris, Inc., exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan on August 1, 2024.

Summary

• On August 1, 2024, Paul Alpern, VP and General Counsel of Arteris, Inc., executed stock options to acquire 11,250 shares of common stock.
• These options were exercised at prices of $0.56 and $0.60 per share.
• Simultaneously, Alpern sold 11,250 shares of common stock at a weighted average price ranging from $7.45 to $8.23.
• The transactions were conducted under a 10b5-1 trading plan adopted on August 16, 2023.
• Following these transactions, Alpern directly owns 74,563 shares of Arteris, Inc. common stock and 100,000 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions under a pre-arranged plan. There's no indication of unusual activity or concern.

Positives

• The transactions were executed under a pre-existing 10b5-1 trading plan, indicating a planned and transparent approach to stock transactions.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. The use of a 10b5-1 trading plan is a standard practice to allow insiders to sell shares without concerns about potential insider trading violations.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies, including those in the semiconductor and technology sectors, such as ARM Holdings, Cadence Design Systems, and Synopsys.
• These plans allow insiders to sell shares over a predetermined period, mitigating concerns about trading on non-public information.
• The reported weighted average sale price of Arteris shares is within the typical range observed for similar technology companies, reflecting market conditions and investor sentiment.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan suggests the transactions were planned and not based on inside information.

Key Dates