Form 4: Arteris Inc. VP and General Counsel Paul Alpern Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Paul Alpern, VP and General Counsel of Arteris, Inc., sold shares of common stock on September 3, 2024, to cover tax liabilities related to the release of restricted stock units.
Summary
- Paul Alpern, the VP and General Counsel of Arteris, Inc., sold 280 shares of common stock at $7.8718 per share and 402 shares at a weighted average price of $7.7505 on September 3, 2024.
- The sales were executed to satisfy tax liabilities arising from the release of restricted stock units.
- The transaction involving 402 shares was made pursuant to a pre-arranged 10b5-1 trading plan adopted on May 8, 2024.
- Following the reported transactions, Alpern beneficially owns 73,881 shares of Arteris, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to sell shares to cover tax obligations related to stock-based compensation.
Stakeholder Impact
- The stock sale by a company insider could be perceived negatively by some shareholders, although the stated reason (tax obligations) mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| May 8, 2024 | Date the Reporting Person adopted a 10b5-1 trading plan. |
| September 3, 2024 | Date of the stock sale transactions. |
| September 5, 2024 | Date of signature on the Form 4. |
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