JANAC K CHARLES 4
Research Summary
AI-generated summary
Arteris (AIP) 10% Owner Janac K. Charles Sells 136,655 Shares
What Happened
Janac K. Charles, a 10% owner of Arteris, Inc. (AIP), sold a total of 136,655 shares in open-market transactions on July 6, 2026, generating approximately $4,892,593 in proceeds. The sales were executed in six blocks: 5,316 shares @ $35.12; 2,455 @ $36.17; 2,908 @ $37.12; 29,490 @ $37.07; 27,908 @ $36.24; and 68,578 @ $35.06. These disposals were reported as sales (S) and were made pursuant to a pre-established 10b5-1 trading plan.
Key Details
- Date of transactions: July 6, 2026 (filed July 8, 2026 — appears timely).
- Shares sold / proceeds: 136,655 shares for about $4,892,593 total.
- Per-block weighted average prices: 5,316 @ $35.12; 2,455 @ $36.17; 2,908 @ $37.12; 29,490 @ $37.07; 27,908 @ $36.24; 68,578 @ $35.06.
- Reported price ranges (per footnotes): sales across transactions ranged roughly from $34.64 to $37.58.
- Plan/authority: Sales executed under a 10b5-1 trading plan adopted Dec 12, 2025 (footnote F1).
- Ownership structure notes: Reporting person is manager of Bayview Legacy, LLC (F6) and trustee of the Charles and Lydia Janac Trust (F9), which affects beneficial ownership reporting.
- Shares owned after transaction: not provided in the data you supplied — check the full Form 4 for post-transaction holdings.
Context
These were open-market sales by a 10% owner under a scheduled 10b5-1 plan, which typically indicates pre-planned liquidity rather than ad hoc trading based on current information. Sales by insiders can be routine (tax or diversification reasons); purchases generally carry more weight as bullish signals. No options exercises, awards, or gifts are reported in this filing.