Hawkins Nicholas B. 4
4 · Arteris, Inc. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Arteris (AIP) CFO Nicholas Hawkins Sells 5,377 Shares
What Happened
Nicholas B. Hawkins, Chief Financial Officer of Arteris, sold a total of 5,377 shares on July 2, 2026 in four open-market/issuer-directed transactions at $38.78 per share, generating aggregate proceeds of approximately $208,509. The sales were made to satisfy the reporting person’s tax withholding obligations arising from the release of restricted stock units and were mandated by the issuer’s sell-to-cover policy (not discretionary trades).
Key Details
- Transaction date(s): 2026-07-02 (filed with SEC on 2026-07-06).
- Individual lots: 1,512 shares ($58,632); 1,265 shares ($49,054); 1,109 shares ($43,005); 1,491 shares ($57,818). All at $38.78/share.
- Total: 5,377 shares, ≈ $208,509.
- Footnote: Sales were to satisfy tax withholding on RSU releases per the company's equity incentive plan (sell-to-cover).
- Shares owned after transaction: Not specified in the provided filing details.
- Filing timeliness: Filing date is 2026-07-06 for transactions on 2026-07-02 (filing vs. transaction dates shown in the report).
Context
Sell-to-cover transactions are common when restricted stock units vest and the company or participant elects to satisfy required tax withholding by selling a portion of the vested shares. Such mandated sales are routine and generally viewed as administrative rather than a signal of the insider’s view on the company’s prospects.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-07-02$38.78/sh−1,512$58,632→ 107,037 total - Sale
Common Stock
[F1]2026-07-02$38.78/sh−1,265$49,054→ 105,772 total - Sale
Common Stock
[F1]2026-07-02$38.78/sh−1,109$43,005→ 104,663 total - Sale
Common Stock
[F1]2026-07-02$38.78/sh−1,491$57,818→ 103,172 total
Footnotes (1)
- [F1]Shares sold to satisfy the Reporting Person's tax liability arising as a result of the release of restricted stock units. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.