JANAC K CHARLES 4
Research Summary
AI-generated summary
Arteris (AIP) 10% Owner Janac K. Charles Sells 50,000 Shares
What Happened
Janac K. Charles, a reported 10% owner of Arteris, Inc. (AIP), sold a total of 50,000 shares in open‑market transactions on February 9–10, 2026. On Feb 9 he sold 47,244 shares at a weighted average price of $15.21 for proceeds of $718,359; on Feb 10 he sold 2,756 shares at a weighted average price of $15.03 for proceeds of $41,429. Total proceeds across both days were about $759,788. These were sales (not purchases or option exercises).
Key Details
- Transaction dates: Feb 9, 2026 (47,244 shares at $15.21 WAP, range $14.51–$15.46) and Feb 10, 2026 (2,756 shares at $15.03 WAP, range $14.85–$15.22).
- Total shares sold: 50,000; approximate total proceeds: $759,788.
- Filing date: Form 4 filed Feb 11, 2026 — appears timely for these Feb 9–10 trades.
- Plan/authorization: Sales were made pursuant to a 10b5‑1 trading plan adopted by the reporting person on March 5, 2025 (Footnote F1).
- Beneficial‑ownership notes: Reporting person is manager of Bayview Legacy, LLC (deemed to have voting/dispositive power over its shares) and serves as trustee of the Charles and Lydia Janac Trust (Footnotes F3, F5).
- Price details: Weighted average prices reported; per footnotes the trades occurred across multiple prices in the ranges cited and the filer can provide breakdowns on request (Footnotes F2, F4).
- Shares owned after transaction: Not specified in the supplied summary of this filing.
Context
These sales were executed under a prearranged 10b5‑1 plan, which generally means trades were scheduled in advance and may reflect routine disposition rather than a real‑time view on the stock. As a 10% owner (not necessarily an executive), Janac's transactions reflect insider selling by a significant holder; the filing provides factual detail but does not disclose motivation.