Arteris (AIP) VP/General Counsel Paul Alpern Exercises Options, Sells 4,000

What Happened
Paul L. Alpern, Vice President and General Counsel of Arteris, exercised 4,000 incentive stock options and immediately sold 4,000 shares on Aug 3, 2026. He paid $0.56 per share on the exercise (total cost $2,240) and sold the shares in two blocks for aggregate proceeds of $120,143 (600 shares at a weighted avg $29.11 = $17,466; 3,400 shares at a weighted avg $30.20 = $102,677). The transactions were reported on a Form 4 filed Aug 5, 2026.

Key Details

• Transaction date: 2026-08-03; Form 4 filed 2026-08-05 (timely filing shown).
• Exercise: 4,000 shares acquired at $0.56/share (total $2,240).
• Sales: 600 shares sold at weighted avg $29.11 (range $28.76–$29.54); 3,400 shares sold at weighted avg $30.20 (range $29.76–$30.54). Total sale proceeds reported: $120,143.
• Net result: Exercised 4,000 options and disposed of 4,000 corresponding shares (cash proceeds ~$120k; exercise cost $2,240).
• Footnotes: Sales were made under a 10b5-1 trading plan adopted Feb 23, 2026. The options are incentive stock options with the vesting schedule noted (initial vesting Aug 26, 2020, then monthly vesting thereafter per the footnote).
• Shares owned after the transaction: Not specified in the provided excerpt of the Form 4.

Context

• This was effectively a cashless exercise: options were exercised and the resulting shares were sold the same day.
• Sales executed under a 10b5-1 plan are pre-arranged and routine; they do not necessarily indicate a change in the insider’s view of the company.
• For retail investors, purchases (insider buys) can be more informative than routine sales; this filing documents a routine option exercise followed by planned sales.