Arteris (AIP) CFO Nicholas Hawkins Sells Shares, Exercises Options

What Happened

• Nicholas B. Hawkins, Chief Financial Officer of Arteris, exercised non‑qualified stock options to acquire 3,125 shares at $9.28 per share (total cost $29,000) and reported open‑market sales of 10,631 shares for aggregate proceeds of about $300,628. The sales occurred across Aug 12–13, 2026 (200 shares sold on Aug 12 at $29.00; 10,431 shares sold on Aug 13 at a weighted average price of $28.26). A separate derivative entry shows 3,125 option shares were surrendered/converted in connection with the exercise.

Key Details

• Transaction dates: Aug 12, 2026 (200 shares sold at $29.00); Aug 13, 2026 (exercise of 3,125 options at $9.28; 10,431 shares sold at weighted avg $28.26).
• Gross proceeds from open‑market sales: ~$300,628 ($5,800 + $294,828).
• Exercise cost: $29,000 for 3,125 shares.
• Shares owned after the reported transactions: not specified in the provided filing excerpt.
• Footnotes: Sales price for the 10,431 shares is a weighted average; individual sale prices ranged from $28.26 to $28.38. Options are non‑qualified and vest in 16 equal quarterly installments beginning April 1, 2025.
• Filing timeliness: Reported on Aug 14, 2026; appears timely relative to the Aug 12–13 transactions.

Context

• For retail investors: the filing shows both an option exercise and significant share sales by the CFO. The same‑day exercise and sale activity is consistent with a cashless or partial cashless exercise pattern (exercise followed by disposition), but the filing only confirms the exercise and the separate sales — it does not state motivations. Purchases typically carry more bullish signal than routine sales; these are net sales by an insider.