Chitkara Raman 4

What Happened
Chitkara Raman, a director of Arteris, Inc. (AIP), was granted 4,703 restricted stock units (RSUs) on June 2, 2026. The grant is recorded as an award (Form 4 code A) and has a reported grant value of approximately $149,978.67 based on the average trading price of $31.89 used to set the award. The Form 4 shows $0.00 per-share cash price because this is an equity award, not a cash purchase.

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (timely per the two-business-day rule).
• Award: 4,703 RSUs; valuation basis: $31.89 average stock price (Apr 21–Jun 2, 2026); total ≈ $149,978.67.
• Reported price on Form 4: $0.00 (typical for RSU grants).
• Vesting: RSUs vest in full on the earlier of (i) first anniversary of the grant or (ii) immediately before the next annual shareholders’ meeting, subject to continued board service. RSUs have no expiration date.
• Deferral: The reporting person elected to defer receipt of the underlying shares.
• Shares owned after transaction: Not reported in this filing.
• Transaction code: A = Award/Grant.

Context
This is a standard board compensation award (equity grant) rather than a market purchase or sale. Because the director elected to defer receipt, the shares are not immediately delivered. Such grants are common for non-employee directors and should be viewed as compensation, not necessarily a directional insider buy or sell signal.