Arteris, Inc.: 10% owner Janac K Charles sold 109,359 shares

What happened Janac K Charles, identified as a 10% owner and manager of Bayview Legacy, LLC, reported sales totaling 109,359 shares. The filing shows a sale of 100,000 shares on Oct 1, 2026 at $23.82 for $2,382,390, and four sales on Oct 2, 2026 of 2,775 shares for $68,385, 1,843 shares for $45,417, 1,966 shares for $48,448, and 2,775 shares for $68,385. Total reported proceeds equal $2,613,025.

Key details

• Transaction dates and prices:
  • Oct 1, 2026: 100,000 shares at $23.82, proceeds $2,382,390.
  • Oct 2, 2026: 2,775 shares at $24.64, proceeds $68,385.
  • Oct 2, 2026: 1,843 shares at $24.64, proceeds $45,417.
  • Oct 2, 2026: 1,966 shares at $24.64, proceeds $48,448.
  • Oct 2, 2026: 2,775 shares at $24.64, proceeds $68,385.
• Shares owned after the transaction: not stated in the filing.
• Relevant footnotes from the filing:
  • F1: Some transaction(s) were made pursuant to a 10b5-1 trading plan adopted Dec 12, 2025 by Janac as manager of Bayview Legacy, LLC.
  • F2: The price reported in Column 4 is a weighted average; certain shares were sold at prices ranging from $23.43 to $24.23, inclusive; the reporting person will provide a breakdown on request.
  • F3: The reporting person is the manager of Bayview Legacy, LLC and is deemed to have voting and dispositive power over those shares.
  • F4: Some shares were sold to satisfy the reporting person's tax withholding obligations arising from the release of restricted stock units; these were sell-to-cover transactions mandated by the issuer.
  • F5: Some shares are held by the Charles and Lydia Janac Trust, for which the reporting person serves as trustee.
• Filing timeliness: the filing does not indicate a late report.

Why it may matter

• The filing reports open-market sales and sell-to-cover transactions; it also notes some sales were executed under a 10b5-1 plan and some were to satisfy tax withholding on released restricted stock units.
• Janac is identified as a 10% owner (a large holder) and the manager of Bayview Legacy, LLC, rather than as an executive officer. This filing does not show why the insider traded or why the company acted.