Form 4: Arteris Inc. VP and General Counsel Paul Alpern Reports Sale of Common Stock

Paul Alpern, VP and General Counsel of Arteris, Inc., reported selling 3,615 shares of common stock at an average price of $7.1759 on July 5, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On July 5, 2024, Paul Alpern, VP and General Counsel of Arteris, Inc., sold 3,615 shares of common stock.
• The sale was executed at a weighted average price of $7.1759 per share.
• The transactions occurred at prices ranging from $7.06 to $7.29.
• The sale was conducted under a pre-arranged 10b5-1 trading plan adopted on August 16, 2023.
• Following the transaction, Alpern directly owns 74,563 shares of Arteris, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider stock sale. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates