Arteris Vice President and General Counsel Sells $81.5K in Stock From Investing.com

Arteris Vice President and General Counsel Sells $81.5K in Stock From Investing.com
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In a recent transaction, Arteris, Inc. (NASDAQ:AIP) Vice President and General Counsel Paul L. Alpern sold shares of the company’s stock totaling approximately $81,512. The transactions occurred on April 1, 2024 and were reported in the Form 4 document filed with the Securities and Exchange Commission.

Alpern sold a total of 11,250 shares of Arteris common stock. The sales were executed in multiple transactions at prices between $7.24 and $7.29 per share. This price range indicates that the executive received an average approximately between these prices for each share sold.

In addition to sales, Alpern also exercised options on the same day. The options, which were converted into shares of common stock, included 10,000 shares at a price of $0.56 per share, for a total of $5,600, and 1,250 shares at a price of $0.60 per share, for a total of $750 . It is worth noting that these option exercises are separate from sales transactions and represent the cost of acquiring shares rather than the proceeds of selling them.

Form 4 also included a footnote indicating that the sales were made pursuant to a 10b5-1 trading plan adopted by Alpern on August 16, 2023. Such trading plans allow company insiders to establish pre-trade transactions. -scheduled at a time when they do not possess material non-public information, providing a defense against potential insider trading charges.

The document also mentions that the price reported for the larger sales transaction is a weighted average price. Alpern has agreed to provide, upon request, complete information on the number of shares sold at each distinct price within the reported range.

Investors and followers of Arteris, Inc. may find this information relevant as it provides insight into the actions of key executives and their outlook on the value of the company’s stock. It is important to note that insider transactions can have different motivations and are not always indicative of the company’s future performance.

For more detailed information, interested parties can consult the complete Form 4 available on the Securities and Exchange Commission website.

This article was generated and translated with the support of artificial intelligence and reviewed by an editor. For further information, please see our T&Cs.

 
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