JANAC K CHARLES 4

What Happened
Janac K. Charles, a reported 10% owner of Arteris, Inc. (AIP), was granted 78,051 restricted stock units (RSUs) on Feb 18, 2026 and then disposed of 70,000 shares as a gift on Feb 20, 2026. Both transactions are recorded at $0.00 per share in the Form 4 filing (no cash exchanged per the filing). The RSUs are contingent rights to receive shares and will vest over time per the schedule in the footnote.

Key Details

• Transactions: Grant (A) of 78,051 RSUs on 2026-02-18 (acquisition price $0.00) and Gift (G) of 70,000 shares on 2026-02-20 (disposition price $0.00).
• Vesting: RSUs vest 1/16th on 4/1/2026 and then in equal quarterly installments thereafter; RSUs have no expiration (Footnote F1).
• Ownership reporting: The filing does not state a total "shares owned after transaction" figure.
• Beneficial relationships: Reporting person is manager of Bayview Legacy, LLC (deemed to have voting/dispositive power for that entity) and serves as trustee for the Charles and Lydia Janac Trust (Footnotes F2, F3).
• Timeliness: The Form 4 was filed on 2026-02-20 covering a 2026-02-18 transaction; no late filing is indicated in the report.

Context: RSUs are awards that convert to shares upon vesting and do not require immediate cash payment—this was a grant/award, not a purchase. The 70,000-share gift is a non-sale disposition and does not necessarily signal the insider's view of the stock; gifts are typically tax or estate planning actions. As a 10% owner (and manager/trustee for related entities), these filings reflect beneficial ownership changes rather than routine open-market buying/selling by an executive.