Arteris (AIP) 10% Owner Bayview Legacy Gifts 50,000 Shares

What Happened

• Bayview Legacy, LLC (a reported 10% owner of Arteris, Inc. (AIP)) gifted and disposed of 50,000 Arteris shares on 2026-05-18. The transaction is reported as a gift (code G) at $0.00 per share, so no sale proceeds were received.
• The filing notes that K. Charles Janac is the manager of Bayview Legacy, LLC and has filed a separate Form 4 reporting the same transaction due to his beneficial ownership through the entity.

Key Details

• Transaction date: 2026-05-18; Filing date: 2026-05-20 (filed within the normal Form 4 reporting window).
• Transaction type/code: Gift (G); Sale proceeds: $0.00 (disposed via gift).
• Shares disposed: 50,000 shares.
• Shares owned after transaction: not specified in the summary filing (not reported in the provided details).
• Footnotes: F1 notes K. Charles Janac filed separately; F2 confirms Janac is the manager and is deemed to have voting and dispositive power over the shares held by Bayview Legacy, LLC.

Context

• Gifts are transfers of ownership and do not represent a market sale — they generally do not by themselves signal the insider’s market view.
• This involves a 10% owner entity (Bayview Legacy, LLC), which is an institutional/major-holder disclosure rather than a typical executive open-market trade. The manager of that entity (K. Charles Janac) is identified as having control and filed a separate Form 4 accordingly.