Arteris Announces New Employment Inducement Grants

Arteris awards its new CFO a mix of time-based RSUs and performance-based PSUs tied to revenue and share price hurdles.

Rhea-AI Summary

Arteris (AIP) granted new CFO Saurabh Sinha employment inducement equity awards valued at $4.7 million on September 8, 2026.

The package includes RSUs with a target grant value of $3,700,000 covering 142,835 shares, and PSUs with a target grant value of $1,000,000 covering a target of 38,604 shares, all issued under the 2022 Employment Inducement Incentive Plan and compliant with Nasdaq Listing Rule 5635(c)(4). RSUs vest 25% on the first anniversary of the grant date and the remainder pro rata each quarter over the following 12 fiscal quarters, subject to continued service.

PSUs vest only if Arteris reaches trailing four-quarter revenue of at least $200,000,000 by December 31, 2030 and then achieves a 15-day average share price of at least $65 by December 31, 2031, with continued service. If a change in control occurs before the performance goals are met, the PSUs are forfeited.

News Explained

The release adds that Saurabh Sinha signed an executive change-in-control severance agreement: unvested awards other than the PSUs would fully accelerate if he is terminated without cause or resigns for good reason from three months before through 12 months after a change in control, while the PSUs remain governed by their award terms.

Market Context

A Form 4 filed on September 10 reported 142,835 RSUs for Sinha, corroborating the equity grant discl...

Analysis

A Form 4 filed on September 10 reported 142,835 RSUs for Sinha, corroborating the equity grant disclosed here. The filing also documented the award’s scheduled vesting terms and no reported Rule 10b5-1 trading plan.

Key Figures

RSU target grant value: $3,700,000 RSU shares: 142,835 shares PSU target grant value: $1,000,000 +4 more

RSU target grant value

$3,700,000

Employment inducement award

RSU shares

142,835 shares

Restricted stock units

PSU target grant value

$1,000,000

Performance stock units

PSU target shares

38,604 shares

Performance stock units

Initial RSU vesting

25%

On the first anniversary of the grant date

Revenue performance condition

$200,000,000 or greater

Annual trailing four quarters through December 31, 2030

Share-price performance condition

$65 or greater

15-trading-day average through December 31, 2031

Historical Context

1 past event · Latest: Aug 06

1 event

1. Aug 06

   CFO appointment

   24h Move

   +2.2%

   Sinha appointed CFO effective September 8, succeeding retiring CFO Nick Hawkins

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

restricted stock units, performance stock units, nasdaq listing rule 5635(c)(4)

3 terms

restricted stock units financial

"The awards consist of (i) restricted stock units (RSUs) with a target grant value"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance stock units financial

"and (ii) performance stock units (PSUs) with a target grant value"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

nasdaq listing rule 5635(c)(4) regulatory

"The grants were made in accordance with Nasdaq Listing Rule 5635(c)(4)."

NASDAQ Listing Rule 5635(c)(4) is a rule that requires a company to get approval from its shareholders before selling a large amount of its shares, usually over 20%. This helps protect investors by making sure the company doesn't flood the market with new shares without their say, which could lower the stock's value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

CAMPBELL, Calif., Sept. 11, 2026 (GLOBE NEWSWIRE) -- Arteris, Inc. (Nasdaq: AIP), a leading technology provider for accelerating semiconductor creation in the AI era, today announced that the company’s board of directors has granted equity awards to Saurabh Sinha, the company’s Chief Financial Officer, as inducement awards material to Mr. Sinha’s acceptance of employment with the company under the company’s 2022 Employment Inducement Incentive Plan. The grants were made in accordance with Nasdaq Listing Rule 5635(c)(4).

The awards consist of (i) restricted stock units (RSUs) with a target grant value of $3,700,000, covering 142,835 shares of the company’s common stock, and (ii) performance stock units (PSUs) with a target grant value of $1,000,000, covering a target of 38,604 shares of the company’s common stock. In each case, the number of shares subject to the award was determined by dividing the target grant value by the 30-day trailing average price of the company’s common stock immediately prior to the effective date of the grant.

The RSUs vest as to 25% of the underlying shares on the first anniversary of the grant date, with the remainder vesting pro rata by day on the first day of each of the 12 consecutive fiscal quarters thereafter, aligned with fiscal quarterly vesting commencing January 1, 2028, in each case subject to Mr. Sinha’s continued service with the company through the applicable vesting date.

The PSUs vest upon satisfaction of two performance conditions: (i) the company achieving annual trailing four quarters’ publicly reported revenue of $200,000,000 or greater at any time on or before December 31, 2030; and subsequently (ii) the company’s common stock achieving a closing share price of $65 or greater, calculated as an average over a trading period of 15 trading days, at any time on or before December 31, 2031, in each case subject to Mr. Sinha’s continued service with the company through the applicable vesting date. In the event a change in control of the company occurs prior to the date the performance goals have been achieved, the PSUs shall not vest, and shall be forfeited for no consideration, effective upon the consummation of the change in control.

Mr. Sinha has entered into the company’s Form of Executive Change in Control Severance Agreement, which provides for full accelerated vesting of any unvested equity awards (except for any performance awards, including the PSUs, which are governed by the terms of the applicable award agreement) in the event of Mr. Sinha’s termination without cause or resignation for good reason during the period commencing three months prior to a change in control of the company and ending on the 12-month anniversary following such change in control.

The effective grant date of the awards was September 8, 2026, Mr. Sinha’s start date with the company, and the awards were approved by the company’s board of directors.

About Arteris

Arteris is a leading provider of semiconductor technology that accelerates the creation of high-performance, power-efficient silicon with built-in safety, reliability, and security. Innovative Arteris products are designed to optimize data movement and help ease complexity in the modern AI era with network-on-chip (NoC) interconnect intellectual property (IP), system-on-chip (SoC) software for integration automation and hardware security assurance. All are used by the world's top technology companies to improve overall performance and engineering productivity, reduce risk, lower costs, and bring cutting-edge designs to market faster. Learn more at arteris.com.

© 2004–2026 Arteris, Inc. All rights reserved worldwide. Arteris, Arteris IP, the Arteris IP logo, and the other Arteris marks found at https://www.arteris.com/trademarks are trademarks or registered trademarks of Arteris, Inc. or its subsidiaries. All other trademarks are the property of their respective owners.

Investor Contacts:
Arteris
Saurabh Sinha
Saurabh.Sinha@arteris.com

Sapphire Investor Relations, LLC
Erica Mannion and Michael Funari
+1 617 542 6180
IR@arteris.com

Media Contact:
Gina Jacobs
Arteris
+1 408 560 3044
newsroom@arteris.com

This press release was published by a CLEAR® Verified individual.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How do Saurabh Sinha’s RSUs vest over time?

The RSUs vest as to 25% of the underlying shares on the first anniversary of the September 8, 2026 grant date. The remaining shares vest pro rata by day on the first day of each of the 12 consecutive fiscal quarters thereafter, aligned with fiscal quarterly vesting commencing January 1, 2028, subject to Mr. Sinha’s continued service through each vesting date.

What performance conditions must be met for the PSUs to vest?

The PSUs require two performance conditions: first, Arteris must achieve annual trailing four quarters’ publicly reported revenue of $200,000,000 or greater at any time on or before December 31, 2030. Second, the company’s common stock must then reach a closing share price of $65 or greater, calculated as a 15‑trading‑day average, at any time on or before December 31, 2031. In each case, Mr. Sinha must remain in service through the applicable vesting date.

What happens to the PSUs if there is a change in control of Arteris before goals are achieved?

If a change in control of Arteris occurs before the PSU performance goals have been achieved, the PSUs do not vest and are forfeited for no consideration upon the consummation of the change in control.

What protection does Saurabh Sinha receive under the change in control severance agreement?

Under the company’s Form of Executive Change in Control Severance Agreement, Mr. Sinha is entitled to full accelerated vesting of any unvested equity awards, except for performance awards such as the PSUs that are governed by their own terms, if he is terminated without cause or resigns for good reason during the period starting three months before a change in control and ending 12 months after such change in control.