Arteris (AIP) Director Wayne Cantwell Exercises Options, Gifts Shares

What Happened Wayne C. Cantwell, a director of Arteris, exercised derivative awards on 2026-08-28 that covered 10,000 underlying shares. The filing shows 5,000 shares were acquired at $0.60 per share (cash paid $3,000) and 5,000 shares were reported as disposed in the derivative exercise (reported at $0.00). Shortly after, on 2026-09-01, 5,000 shares were transferred (gifted) to The Cantwell Living Trust (for which he is trustee) for no consideration.

Key Details

• Transaction dates: exercises on 2026-08-28; gift transfers recorded 2026-09-01. Filing date: 2026-09-01 (timely).
• Exercise purchase: 5,000 shares at $0.60 each; total cash paid $3,000.
• Derivative disposition: 5,000 shares reported disposed at $0.00 in the exercise reporting line.
• Gift/transfer: 5,000 shares transferred to The Cantwell Living Trust for no consideration (footnotes F1–F2).
• Shares owned after transaction: reported as held by The Cantwell Living Trust (reporting person is trustee); the excerpt does not list aggregate post-transaction total for the reporting person.
• Footnotes: F1 notes the transfer to the trust was for no consideration; F2 notes the trust holds the shares; F3 describes the options as non‑qualified stock options that vest in 36 monthly installments beginning May 23, 2020.

Context

• The core activity was exercising options (transaction code M). The filing indicates a mix of acquired and disposed shares resulting from the exercise; such dispositions can reflect net settlement, tax withholding, or transfers but the form here records the disposal without specifying the mechanism.
• The subsequent transfer is a gift to a living trust; gifts are not market-selling actions and do not necessarily reflect the insider’s view of the company.
• The Form 4 was filed on 2026-09-01 for transactions dated 2026-08-28, which meets the typical two-business-day filing requirement.