Hawkins Nicholas B. 4
Research Summary
AI-generated summary
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.