Chitkara Raman 4
Research Summary
AI-generated summary
Arteris (AIP) Director Chitkara Raman Sells 5,000 Shares
What Happened
- Chitkara Raman, a director of Arteris, Inc. (AIP), sold 5,000 shares in an open-market transaction on April 24, 2026.
- The weighted average sale price was $25.06, generating approximately $125,290 in gross proceeds. The shares were sold at prices ranging from $25.00 to $25.25.
Key Details
- Transaction date: 2026-04-24; Report filed: 2026-04-28 (filed within the Form 4 deadline).
- Transaction type: Sale (Code S), open market; total reported proceeds ≈ $125,290.
- Price details: Weighted average $25.06; individual sale prices ranged $25.00–$25.25 (Reporting Person can provide a breakdown on request).
- Plan note: Transaction executed pursuant to a pre-existing 10b5‑1 trading plan adopted March 7, 2025.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
- Sales under 10b5‑1 plans are pre‑arranged automatic trades and are common for insiders managing diversification or liquidity; they do not alone indicate the insider’s current view of the company.
- This was a straightforward open‑market sale (not an option exercise, award, or gift).