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Arteris, Inc.·4

Jun 4, 6:58 PM ET

RAZA SAIYED ATIQ 4

Research Summary

AI-generated summary

Updated

Arteris (AIP) Director Raza Saiyed Atiq Sells Shares

What Happened

  • Raza Saiyed Atiq, a director of Arteris, sold a total of 20,839 shares in open-market transactions on June 3, 2026 for an aggregate of approximately $779,175. The sales were executed in three blocks: 8,332 shares at a weighted avg $37.65 (≈ $313,734), 800 shares at $38.46 (≈ $30,767), and 11,707 shares at $37.13 (≈ $434,674). The sales were made pursuant to a pre-existing 10b5-1 trading plan.
  • Separately, on June 2, 2026 he was granted 4,703 restricted stock units (RSUs). Those RSUs vest in full on the earlier of the first anniversary of the grant or immediately before the next annual meeting (subject to continued service) and have no expiration. The grant was based on an average price of $31.89 for the period Apr 21–Jun 2, 2026.
  • Also on June 3, 2026, 20,839 shares were transferred to the Saiyed Atiq Raza and Nandini Saraiya 2012 Revocable Trust (the reporting person is trustee), shown in the filing as a gift/transfer.

Key Details

  • Dates: RSU grant on 2026-06-02; gifts/transfers and open-market sales on 2026-06-03. Filing date: 2026-06-04 (appears timely).
  • Sale details and price ranges (per filing footnotes):
    • 8,332 shares — weighted avg $37.65 (individual trade prices ranged $37.32–$38.27).
    • 800 shares — $38.46 (trades ranged $38.33–$38.63).
    • 11,707 shares — $37.13 (trades ranged $36.32–$37.31).
  • RSU specifics: 4,703 RSUs granted, vesting on first anniversary or before next annual meeting, grant price basis $31.89 (footnote).
  • Transfer to trust: 20,839 shares moved to the Saiyed Atiq Raza & Nandini Saraiya 2012 Revocable Trust; reporting person serves as trustee (footnotes).
  • Sales executed under a 10b5-1 trading plan adopted Nov 7, 2025 (footnote).
  • Shares owned after the transactions are not specified in the provided filing excerpt.

Context

  • Gifts/transfers into a revocable trust are generally estate/holding‑structure moves and do not necessarily indicate a change in the insider’s market view.
  • Sales executed under a 10b5-1 plan are prearranged trades and are commonly treated as routine rather than immediate signals of sentiment.
  • RSU grants are compensation/retention awards; vesting conditions mean the awarded shares are not immediately free to be sold until vesting occurs.