Arteris Announces New Employment Inducement Grants

Rhea-AI Summary

Arteris (Nasdaq: AIP), a system IP provider specializing in system-on-chip (SoC) creation, has announced the granting of 80,000 restricted stock units (RSUs) to four new employees. The grants were made as inducement awards under the company's 2022 Employee Inducement Incentive Plan, in compliance with Nasdaq Listing Rule 5635(c)(4). The RSU grants were approved by the board of directors with an effective date of January 23, 2025.

Positive

• Successful recruitment of four new employees indicating company growth

Negative

• Potential shareholder dilution from 80,000 new RSUs

CAMPBELL, Calif., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced that the compensation committee of the company’s board of directors has granted an aggregate of 80,000 restricted stock units (RSUs) to four newly hired employees as inducement awards under the company’s 2022 Employee Inducement Incentive Plan. The grants were made in accordance with Nasdaq Listing Rule 5635(c)(4).

The effective RSU grant date was January 23, 2025, and it was approved by the company’s board of directors.

About Arteris

Arteris is a leading provider of system IP for the acceleration of system-on-chip (SoC) development across today’s electronic systems. Arteris network-on-chip (NoC) interconnect IP and SoC integration technology enable higher product performance with lower power consumption and faster time to market, delivering better SoC economics so its customers can focus on dreaming up what comes next. Learn more at arteris.com.

© 2004-2025 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.

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

Investor Relations Contact:
Sapphire Investor Relations, LLC
Erica Mannion or Mike Funari
+1 617 542 6180
ir@arteris.com

FAQ

How many RSUs did Arteris (AIP) grant to new employees in January 2025?

Arteris granted 80,000 restricted stock units (RSUs) to four newly hired employees as inducement awards in January 2025.

What is the effective date of Arteris (AIP) RSU grants announced in January 2025?

The effective date for the RSU grants is January 23, 2025.

How many new employees received RSU grants from Arteris (AIP) in January 2025?

Four newly hired employees received RSU grants from Arteris in January 2025.

Under which plan were the Arteris (AIP) January 2025 RSU grants issued?

The RSU grants were issued under Arteris's 2022 Employee Inducement Incentive Plan.