Form 4: Arteris Inc. VP and General Counsel Paul Alpern Reports Stock Sales to Cover Tax Obligations

Paul Alpern, VP and General Counsel of Arteris, Inc., sold shares of common stock on April 2nd and 3rd, 2024, to cover tax liabilities related to the release of restricted stock units.

Summary

• Paul Alpern, VP and General Counsel of Arteris, Inc., reported the sale of Arteris, Inc. [AIP] common stock on April 2nd and 3rd, 2024.
• The sales were executed to satisfy tax liabilities arising from the release of restricted stock units.
• On April 2nd, Alpern sold 1,155 shares at $7.0267 per share and 1,350 shares at $7.0267 per share.
• On April 3rd, Alpern sold 3,292 shares at a weighted average price of $7.1766, with individual prices ranging from $6.97 to $7.58.
• Following these transactions, Alpern beneficially owns 81,042 shares, including restricted stock units.
• The sale on April 3rd was executed under a pre-arranged 10b5-1 trading plan adopted on August 16, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by a company insider to cover tax obligations. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading activity and are used to disclose transactions by company insiders. The transactions are often related to stock options or other equity compensation.

Key Dates