Janac K Charles - Jan 6, 2025 Form 4 Insider Report for Arteris, Inc. (AIP)

Signature
/s/ Paul Alpern, as Attorney-in-Fact for JANAC K CHARLES
Stock symbol
AIP
Transactions as of
Jan 6, 2025
Transactions value $
-$104,036
Form type
4
Date filed
1/8/2025, 07:38 PM
Previous filing
Jan 6, 2025
Next filing
Feb 5, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AIP Common Stock Sale -$104K -8.43K -3.14% $12.34 260K Jan 6, 2025 Direct F1, F2
holding AIP Common Stock 9.96M Jan 6, 2025 Bayview Legacy, LLC F3
holding AIP Common Stock 63.3K Jan 6, 2025 Charles and Lydia Janac Trust F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction made pursuant to a 10b5-1 trading plan that was adopted by the Reporting Person on February 27, 2024.
F2 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $12.17 to $12.60 inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The Reporting Person is the manager of Bayview Legacy, LLC and as such is deemed to have voting and dispositive power of the shares beneficially owned by Bayview Legacy, LLC.
F4 Due to an inadvertent error, the Form 4s filed by the Reporting Person between December 13, 2024 and January 6, 2025 incorrectly reported the number of securities beneficially owned by Charles and Lydia Janac Trust (f/k/a By the Janac Trust). This inadvertent error caused the amount of securities beneficially owned by this entity to be overstated by 14,034 shares. The new amount reported in Column 5 for this entity reports the correct amount of securities beneficially owned. Except as noted in this footnote, all other information as disclosed in the Reporting Person's previously filed aforementioned Form 4s was accurately reported.
F5 The shares are held by Charles and Lydia Janac Trust, for which the Reporting Person serves as trustee.