JANAC K CHARLES 4

What Happened
K. Charles Janac, a 10% owner (as manager of Bayview Legacy, LLC and trustee of the Charles and Lydia Janac Trust), sold a total of 181,338 Arteris (AIP) shares in open-market transactions on July 1, 2026. The four reported dispositions totaled approximately $8.24 million. The sales were made pursuant to a pre-established 10b5-1 trading plan adopted December 12, 2025.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 2, 2026 (timely filing). Transaction code: S (sale).
• Individual trades reported:
  • 27,691 shares at a weighted avg $45.04 — proceeds $1,247,189 (sales in the $44.68–$45.67 range).
  • 63,562 shares at a weighted avg $44.06 — proceeds $2,800,580 (sales in the $43.68–$44.67 range).
  • 49,680 shares at a weighted avg $46.17 — proceeds $2,293,492 (sales in the $45.68–$46.67 range).
  • 40,405 shares at a weighted avg $47.08 — proceeds $1,902,073 (sales in the $46.68–$47.63 range).
• Total sold: 181,338 shares for ~$8.24 million. Weighted-average prices are reported; detailed per-trade price breakdowns are available from the filer on request.
• Reporting relationships: Janac is manager of Bayview Legacy, LLC and is deemed to have voting and dispositive power over those LLC-held shares; Janac also serves as trustee of the Charles and Lydia Janac Trust.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Notable footnote: trades were executed under a 10b5-1 plan (adopted 12/12/2025), which generally schedules trades in advance.

Context

• This filing reflects sales by a large (10%) holder rather than an executive compensation event. Sales conducted under a 10b5-1 plan are typically pre-planned and do not necessarily indicate a change in the holder’s view of the company.
• For retail investors, purchases by insiders tend to be more indicative of confidence; routine or planned sales like these are common for tax, diversification, or liquidity reasons.