Charles K. Janac - Jun 12, 2023 Form 4 Insider Report for Arteris, Inc. (AIP)

Signature
/s/ Paul Alpern, as Attorney-in-Fact for CHARLES K JANAC
Stock symbol
AIP
Transactions as of
Jun 12, 2023
Transactions value $
-$96,958
Form type
4
Date filed
6/13/2023, 04:25 PM
Previous filing
Jun 5, 2023
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIP Common Stock Sale -$97K -13.8K -5.36% $7.04 243K Jun 12, 2023 Direct F1, F2, F3
holding AIP Common Stock 10.3M Jun 12, 2023 Bayview Legacy, LLC F4
holding AIP Common Stock 77.3K Jun 12, 2023 By the Janac Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction made pursuant to a 10b5-1 trading plan adopted by the Reporting Person.
F2 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.86 to $7.19 inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Includes 143,188 restricted stock units.
F4 The Reporting Person is the manager of Bayview Legacy, LLC and as such is deemed to have voting and dispositive power of the shares beneficially owned by Bayview Legacy LLC.