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

Paul Alpern, VP and General Counsel at Arteris Inc., sold a portion of his common stock to cover tax liabilities arising from the vesting of restricted stock units.

Summary

• Paul Alpern, the VP and General Counsel of Arteris Inc., executed a sale of company stock on January 2, 2025.
• The sales were conducted to cover tax obligations related to the vesting of restricted stock units.
• A total of 2,471 shares of common stock were sold at a price of $11.4133 per share.
• Following the transactions, Mr. Alpern directly owns 64,930 shares of Arteris Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax liabilities are a common practice across the industry.
• The sale of 2,471 shares is not unusual for an executive at this level.
• The price of $11.4133 per share is consistent with the market price at the time of the transaction.

Stakeholder Impact

• The stock sale has a minimal impact on shareholders as it is a routine transaction.

Key Dates

Keywords

Arteris Inc., insider trading, stock sale, Form 4, Paul Alpern, restricted stock units, tax liability, executive compensation