Arteris (AIP) VP/GC Paul Alpern Exercises Options, Sells 4,000 Shares

What Happened
Paul L. Alpern, Vice President and General Counsel of Arteris, exercised 4,000 incentive stock options (paying $0.56 per share, $2,240 total) and concurrently sold 4,000 shares in an open‑market transaction. The sale generated gross proceeds of approximately $83,063 (weighted average sale price $20.77). The filing also reports the option instrument as converted/disposed (4,000 shares at $0.00), reflecting the exercise.

Key Details

• Transaction date: September 1, 2026; Form 4 filed September 3, 2026 (appears timely).
• Exercise: 4,000 shares at $0.56 = $2,240 (Incentive Stock Option per footnote F3).
• Sale: 4,000 shares, weighted average price $20.77, gross proceeds $83,063; sale prices ranged $20.61–$21.38 (footnote F2).
• Plan: Sale was made pursuant to a 10b5‑1 trading plan adopted Feb 23, 2026 (footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote on vesting (F3): options vested 25% Aug 26, 2020, then monthly vesting thereafter; the exercised options were from that grant.

Context
This is an exercise of vested options followed by an immediate open‑market sale (a common cashless‑style outcome). The 10b5‑1 plan indicates the sales were pre‑scheduled. The transactions are routine insider liquidity events rather than a direct purchase signal; purchases generally carry stronger bullish inference than routine option exercises-plus-sales.