Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 18

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 unvested restricted stock units, which is expected to be recognized over a weighted-average period of 2.6 years.2021 Employee Stock Purchase PlanThe Company adopted the 2021 Employee Stock Purchase Plan (the 2021 ESPP) effective on October 26, 2021. The 2021 ESPP enables eligible employees of the Company to purchase shares of common stock at a discount to fair market value. The 2021 ESPP provides for six-month offering periods beginning May 22 and November 22 of each year, and each offering period consists of a six-month purchase period. The first offering period began on May 22, 2024 and ended on November 21, 2024. During the nine months ended September 30, 2025, 88,668 shares of common stock were purchased under the 2021 ESPP. As of September 30, 2025, 1,882,728 shares of common stock were available for future issuance under the 2021 ESPP.

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On each purchase date, eligible employees are entitled to purchase the shares at a price per share equal to 85% of the lesser of (1) the fair market value of our common stock on the offering date or (2) the fair market value of our common stock on the purchase date.As of September 30, 2025 there was $0.1 million of unamortized stock-based compensation cost related to ESPP, which is expected to be recognized over a weighted average period of 0.1 years.Stock-based CompensationStock-based compensation expense is recorded on a departmental basis, based on the classification of the award holder. The following table presents the amount of stock-based compensation related to stock-based awards to employees on the Company’s unaudited condensed consolidated statements of operations (in thousands):Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Cost of revenue$228 $221 $665 $596 Research and development2,095 2,154 5,994 5,550 Sales and marketing1,335 850 3,352 2,230 General and administrative1,298 1,165 3,754 3,431 Total stock-based compensation$4,956 $4,390 $13,765 $11,807 

12.    EQUITY METHOD INVESTMENT

On February 21, 2022, Ar