Arteris (AIP) 10% Owner K. Charles Janac Sells 100,000 Shares

What Happened K. Charles Janac, a 10% owner of Arteris, sold a total of 100,000 shares in open-market transactions on August 3–4, 2026. The sales were executed under a pre-established Rule 10b5-1 trading plan. Individual transactions reported:

• 2026-08-03: 6,321 shares at $28.79 — $181,959
• 2026-08-03: 42,415 shares at $29.99 (weighted avg; range $28.17–$29.15 per footnote) — $1,272,051
• 2026-08-03: 25,158 shares at $30.31 (weighted avg; range $29.19–$30.18) — $762,619
• 2026-08-04: 23,506 shares at $31.92 (weighted avg; range $30.19–$30.61) — $750,351
• 2026-08-04: 2,600 shares at $32.41 (weighted avg; range $31.36–$32.48) — $84,279 Total proceeds ≈ $3,051,259. Transaction code: S (Sale).

Key Details

• Transaction dates: August 3–4, 2026; Form 4 filed August 5, 2026 (appears timely under the 2-business-day rule).
• Total shares sold: 100,000; total proceeds ≈ $3.05M.
• Post-transaction holdings: Not specified in the excerpt provided.
• Notable footnotes: sales were made pursuant to a 10b5-1 plan adopted Dec 12, 2025 (F1); multiple weighted-average prices reported with per-sale price ranges and availability of per-trade details upon request (F2–F7); Reporting Person is manager of Bayview Legacy, LLC and is thus deemed to have voting/dispositive power over shares held by that entity (F3); some shares held in the Charles and Lydia Janac Trust (F8).
• Filing status: No late filing indicated in the provided data.

Context

• These are open-market sales by a 10% owner operating through/overseeing entities (Bayview Legacy, LLC; trust). For retail investors, 10% owner sales under a 10b5-1 plan are typically routine and executed under pre-set instructions rather than ad hoc insider-driven timing. This report is factual and does not indicate the insider’s motivations.