Form 4: Arteris Inc. VP and General Counsel Paul Alpern Sells Shares to Cover Tax Obligations

Paul Alpern, VP and General Counsel of Arteris, Inc., sold shares of common stock on October 2, 2024, to cover tax liabilities arising from the release of restricted stock units.

Summary

• On October 2, 2024, Paul Alpern, the VP and General Counsel of Arteris, Inc., sold 1,176 shares of common stock at $7.1801 per share.
• He also sold 1,006 shares of common stock at $7.1801 per share on the same day.
• These transactions were executed to satisfy the reporting person's tax liability resulting from the release of restricted stock units.
• Following these transactions, Alpern beneficially owns 71,699 shares of Arteris, Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. The stock sale is related to tax obligations, not necessarily a reflection of the executive's view on the company's future prospects.

Industry Context

This is a routine Form 4 filing, indicating insider transactions. It's common for executives to sell shares to cover tax obligations when restricted stock units vest. The filing itself doesn't necessarily indicate a positive or negative outlook for the company.

Stakeholder Impact

• The sale of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates