Form 4: Arteris Inc. VP and General Counsel Paul Alpern Reports Stock Transactions
SEC Form 4 Filing
Paul Alpern, VP and General Counsel of Arteris, Inc., reports the exercise of options and sale of common stock under a pre-arranged 10b5-1 trading plan.
Summary
- On May 1, 2024, Paul Alpern, VP and General Counsel of Arteris, Inc., executed transactions involving Arteris common stock.
- Alpern exercised options to acquire 10,000 shares at $0.56 and 1,250 shares at $0.60.
- He then sold 10,000 shares at a weighted average price of $6.3857 and 1,250 shares at a weighted average price of $6.3973.
- These transactions were conducted under a 10b5-1 trading plan adopted on August 16, 2023.
- Following these transactions, Alpern directly owns 81,042 shares of Arteris common stock, which includes 81,042 restricted stock units, and holds options for 3,750 shares and 130,000 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an insider, which is a routine occurrence. There is no indication of positive or negative sentiment related to the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity and provides transparency to the market regarding the transactions of company executives.
Key Dates
| Date | Description |
|---|---|
| August 16, 2023 | Date the Reporting Person adopted a 10b5-1 trading plan |
| May 01, 2024 | Date of stock option exercise and stock sale transactions |
| May 03, 2024 | Date of signature on the Form 4 filing |
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