Arteris Grants Equity Awards to New CFO

CAMPBELL, Calif., Sept. 11, 2026 /CourierPR/ -- Arteris, Inc., a leading technology provider for accelerating semiconductor creation in the AI era, has announced the granting of equity awards to Saurabh Sinha, the company’s Chief Financial Officer. The awards, part of the company’s 2022 Employment Inducement Incentive Plan, are designed to support Sinha’s transition into his new role.

The equity awards consist of restricted stock units (RSUs) and performance stock units (PSUs). The RSUs have a target grant value of $3,700,000, covering 142,835 shares of Arteris common stock. These RSUs will vest as follows: 25% of the shares will vest on the first anniversary of the grant date, with the remaining shares vesting pro rata over the next 12 fiscal quarters, starting January 1, 2028. Vesting is contingent on Sinha’s continued employment with the company.

The PSUs, with a target grant value of $1,000,000, cover a target of 38,604 shares of Arteris common stock. These units are tied to two performance conditions: the company must achieve annual trailing four quarters’ publicly reported revenue of $200,000,000 or greater by December 31, 2030, and the company’s common stock must achieve a closing share price of $65 or greater, averaged over a 15-trading-day period by December 31, 2031. Both conditions are subject to Sinha’s continued employment with the company.

In the event of a change in control of Arteris, the PSUs will not vest and will be forfeited, effective upon the consummation of the change in control. Additionally, 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 performance awards, in the event of his termination without cause or resignation for good reason during the period commencing three months prior to a change in control and ending on the 12-month anniversary following such change in control.

The awards were granted on September 8, 2026, the same day Sinha began his employment with Arteris. The decision to grant these inducement awards was made by the company’s board of directors in accordance with Nasdaq Listing Rule 5635(c)(4).

Arteris, Inc., founded to accelerate the creation of high-performance, power-efficient silicon with built-in safety, reliability, and security, continues to innovate in the semiconductor industry. The company’s products, including network-on-chip (NoC) interconnect intellectual property (IP), system-on-chip (SoC) software for integration automation, and hardware security assurance, are used by top technology companies to enhance performance and reduce costs.