Paul L. Alpern - 15 Nov 2023 Form 4 Insider Report for Arteris, Inc. (AIP)

Role
VP and General Counsel
Signature
/s/ Paul Alpern
Issuer symbol
AIP
Transactions as of
15 Nov 2023
Net transactions value
-$82,979
Form type
4
Filing time
17 Nov 2023, 17:19:31 UTC
Previous filing
03 Oct 2023
Next filing
05 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIP Common Stock Options Exercise $5,600 +10,000 +23% $0.5600* 53,070 15 Nov 2023 Direct F1, F2
transaction AIP Common Stock Options Exercise $4,331 +7,218 +14% $0.6000* 60,288 15 Nov 2023 Direct F1, F3
transaction AIP Common Stock Sale $47,834 -10,000 -17% $4.78 50,288 15 Nov 2023 Direct F1, F4
transaction AIP Common Stock Sale $34,531 -7,218 -14% $4.78 43,070 15 Nov 2023 Direct F1, F5
transaction AIP Common Stock Sale $8,382 -1,748 -4.1% $4.80 41,322 15 Nov 2023 Direct F1, F5
transaction AIP Common Stock Sale $2,163 -446 -1.1% $4.85 40,876 15 Nov 2023 Direct F1, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AIP Common Stock Options Exercise $0 -7,218 -39% $0.000000 11,250 15 Nov 2023 Common Stock 7,218 $0.6000 Direct F3
transaction AIP Common Stock Options Exercise $0 -10,000 -5% $0.000000 190,000 15 Nov 2023 Common Stock 10,000 $0.5600 Direct F2
* 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 that was adopted by the Reporting Person on August 16, 2023.
F2 25% of the total shares vested on August 26, 2020; thereafter, 1/48th of the total shares have vested monthly for 3 years. beginning on September 26, 2020.
F3 25% of the total shares vested on July 23, 2021; thereafter, 1/48th of the total shares vest monthly for 3 years. beginning on August 23, 2021.
F4 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $4.60 to $4.98 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.
F5 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $4.60 to $4.94 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.
F6 Includes 40,876 restricted stock units.