[144] Arteris, Inc. SEC Filing

Rhea-AI Filing Summary

Netflix, Inc. (NFLX) has filed a Form 144 disclosing the proposed sale of 290 common shares with an aggregate market value of $388,347.70. The shares are expected to be sold on or about July 1, 2025 on the NASDAQ through Morgan Stanley Smith Barney LLC – Executive Financial Services. The seller is identified in the accompanying tables as Strive Masiyiwa, who previously sold 1,002 shares for $1,126,508.52 on May 12, 2025 under a Rule 10b5-1 trading plan.

The shares to be sold represent less than 0.0001% of Netflix’s approximately 425.7 million shares outstanding, indicating a de minimis impact on the company’s capital structure. Rule 144 filings are routine disclosures that allow insiders to sell restricted or control securities in compliance with SEC regulations. The use of a pre-arranged 10b5-1 plan suggests the sale was scheduled in advance, mitigating concerns of trading on undisclosed information.

Key details

• Seller: Strive Masiyiwa (Netflix board member)
• Shares to be sold: 290
• Planned sale date: 07/01/2025
• Broker: Morgan Stanley Smith Barney LLC
• Previous sales: 1,002 shares on 05/12/2025 for $1.13 million

Given the small size of the transaction relative to Netflix’s market capitalization, the filing is not expected to have a material financial impact, but investors may monitor insider activity for sentiment signals.

Positive

• Compliance transparency: Sale conducted under Rule 144 and a Rule 10b5-1 plan, indicating adherence to SEC insider-trading safeguards.

Negative

• Ongoing insider selling: Although quantitatively small, consecutive insider sales (1,002 shares in May and 290 shares planned for July) may be viewed negatively by sentiment-driven investors.

Insights

Securities Analyst

TL;DR: Minor insider sale (290 shares) via 10b5-1 plan; immaterial to NFLX valuation.

From a securities-law standpoint, this Form 144 is a routine notice enabling a director to sell a modest block of shares under Rule 144. At $388k, the proposed sale is negligible versus Netflix’s multi-billion-dollar market cap and the 425.7 million shares outstanding. The prior 1,002-share sale in May suggests an orderly liquidation sequence, but the aggregate volume (≈0.0003% of shares outstanding) is far below any threshold that would signal significant insider sentiment. Execution through a 10b5-1 plan further reduces the informational content, as trades are pre-scheduled. Overall impact on stock liquidity, float, and investor perception is neutral.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5638	53730.14	41977728	07/01/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	10/18/2021	Previously Exercised Stock Options	Issuer			5638	10/18/2021	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales Plan for NICHOLAS HAWKINS 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	06/27/2025	5638	56380.00
10b5-1 Sales Plan for NICHOLAS HAWKINS 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	06/26/2025	5638	54970.50
10b5-1 Sales Plan for NICHOLAS HAWKINS 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	06/25/2025	5638	53561.00
10b5-1 Sales Plan for NICHOLAS HAWKINS 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	06/09/2025	3770	30405.45
10b5-1 Sales Plan for NICHOLAS HAWKINS 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	06/05/2025	721	5521.06
10b5-1 Sales Plan for NICHOLAS HAWKINS 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	06/04/2025	1730	13877.18
NICHOLAS HAWKINS 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	06/02/2025	438	3374.05
10b5-1 Sales Plan for NICHOLAS HAWKINS 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	05/08/2025	11000	82946.05
10b5-1 Sales Plan for NICHOLAS HAWKINS 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	04/04/2025	4949	29822.67
NICHOLAS HAWKINS 900 E. Hamilton Ave., Suite 300 Campbell CA 95008	Common	04/02/2025	3888	27677.12

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)