Bayview Legacy, LLC 4
4 · Arteris, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Arteris (AIP) 10% Owner Bayview Legacy Sells 50,000 Shares
What Happened
Bayview Legacy, LLC (a reported 10% owner) sold a total of 50,000 Arteris, Inc. (AIP) shares in open-market transactions: 41,000 shares on 2026-03-09 for a weighted average price of $14.21 (proceeds $582,626) and 9,000 shares on 2026-03-10 for a weighted average price of $14.66 (proceeds $131,967), totaling about $714,593. These were sales (not purchases).
Key Details
- Transaction dates and prices:
- 2026-03-09: 41,000 shares, weighted avg $14.21 (reported per-footnote range $14.00–$14.63).
- 2026-03-10: 9,000 shares, weighted avg $14.66 (reported per-footnote range $14.35–$14.90).
- Total shares sold: 50,000; total proceeds: ~$714,593.
- Filing: Form 4 filed 2026-03-11 (timely relative to the reported dates).
- Notable footnotes:
- Sales executed under a 10b5-1 trading plan adopted March 5, 2025 (Footnote F1).
- K. Charles Janac, manager of Bayview Legacy, is deemed to have voting and dispositive power and separately filed a Form 4 reporting the same transactions (F2, F4).
- Footnotes F3 and F5 state the reported prices are weighted averages and provide the ranges; the filer will provide per-transaction prices on request.
Context
This filing reflects sales by a 10% owner via a pre-established 10b5-1 plan, which typically schedules trades and can reduce the information value of the sale as an indicator of current insider sentiment. For retail investors, purchases are generally more informative than routine sales; these transactions do not by themselves indicate company performance or insider views.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3][F4]2026-03-09$14.21/sh−41,000$582,626→ 9,238,071 total(indirect: See Footnote) - Sale
Common Stock
[F1][F2][F5][F4]2026-03-10$14.66/sh−9,000$131,967→ 9,229,071 total(indirect: See Footnote)
Footnotes (5)
- [F1]Transaction made pursuant to a 10b5-1 trading plan that was adopted by K. Charles Janac, as the manager of Bayview Legacy, LLC, on March 5, 2025.
- [F2]K. Charles Janac, in his individual capacity, has separately filed a Form 4 on the date hereof reporting the same transaction given his beneficial ownership of the reported security through Bayview Legacy, LLC, which he controls as its manager.
- [F3]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.63 inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]K. Charles Janac is the manager of Bayview Legacy, LLC and as such is deemed to have voting and dispositive power over the shares beneficially owned by Bayview Legacy, LLC.
- [F5]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.35 to $14.90 inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.