Charles K. Janac - Apr 2, 2024 Form 4 Insider Report for Arteris, Inc. (AIP)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Paul Alpern, as Attorney-in-Fact for CHARLES K JANAC
Stock symbol
AIP
Transactions as of
Apr 2, 2024
Transactions value $
-$71,000
Form type
4
Date filed
4/4/2024, 05:29 PM
Previous filing
Mar 6, 2024
Next filing
Jun 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIP Common Stock Sale -$20K -2.85K -0.87% $7.03 326K Apr 2, 2024 Direct F1
transaction AIP Common Stock Sale -$19.4K -2.76K -0.85% $7.03 323K Apr 2, 2024 Direct F1
transaction AIP Common Stock Sale -$31.6K -4.49K -1.39% $7.03 319K Apr 2, 2024 Direct F2, F3, F4
holding AIP Common Stock 10.3M Apr 2, 2024 Bayview Legacy, LLC F5
holding AIP Common Stock 63.3K Apr 2, 2024 Charles & Lydia Janac Trust F6
* 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 Shares sold to satisfy the Reporting Person's tax liability arising as a result of the release of restricted stock units.
F2 Transaction made pursuant to a 10b5-1 trading plan that was adopted by the Reporting Person on March 12, 2023.
F3 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $6.91 to $7.12 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.
F4 Includes 214,061 restricted stock units.
F5 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.
F6 The shares are held by Charles & Lydia Janac Trust, for which the Reporting Person serves as trustee.