Company: AIP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001667011-25-000029
Chunk: 17

Company: Arteris, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 awards, dividend equivalents, or other stock or cash based awards.Following the effectiveness of the 2021 Plan, the Company will not make any further grants under the Arteris, Inc. 2016 Incentive Plan (the 2016 Plan). However, the 2016 Plan will continue to govern the terms and conditions of the outstanding awards granted under this plan. Shares of common stock subject to awards granted under the 2016 Plan that are forfeited or lapse unexercised and withheld to cover taxes which following the effective date of the 2021 Plan are not issued under the 2016 Plan will be available for issuance under the 2021 Plan.2022 Employment Inducement Incentive PlanThe Company adopted the 2022 Employment Inducement Incentive Plan (the 2022 Inducement Plan) effective November 3, 2022, pursuant to which it reserved 2,000,000 shares of its common stock. The 2022 Inducement Plan provides for a variety of stock-based compensation awards, including stock options, SARs, restricted stock awards, restricted stock unit awards, performance bonus awards, performance stock unit awards, dividend equivalents, and other stock or cash-based awards. Awards under the 2022 Inducement Plan can only be made to newly hired employees.Stock OptionsThe aggregate intrinsic value of the options exercised for the six months ended June 30, 2025 and 2024 was $3.1 million and $3.3 million, respectively. The total grant-date fair value of options vested was $0.2 million for both the six months ended June 30, 2025 and 2024.As of June 30, 2025, there was $2.1 million of unamortized stock-based compensation cost related to unvested stock options, which is expected to be recognized over a weighted-average period of 3.1 years.Restricted Stock Units and Awards The following table summarizes the restricted stock unit activities under the Company’s 2016 Plan, the 2021 Plan and the 2022 Inducement Plan:Restricted Stock UnitsNumber of SharesWeighted-Average Grant Date Fair ValueUnvested—December 31, 20245,225,948 $7.00 Granted1,618,635 $8.00 Vested(1,151,761)$7.14 Canceled (104,915)$8.10 Unvested—June