Bayview Legacy, LLC 4

What Happened

• Bayview Legacy, LLC (a reported 10% owner) sold a total of 70,000 Arteris (AIP) shares on 2026-06-08, disposing 42,449 shares at a weighted average of $34.74 ($1,474,750) and 27,551 shares at a weighted average of $35.16 ($968,682), for combined proceeds of approximately $2,443,432. These were sales (dispositions), not purchases.

Key Details

• Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (timely within the standard 2-business-day window).
• Breakdown: 42,449 shares @ weighted avg $34.74 (individual trades ranged $33.97–$34.96); 27,551 shares @ weighted avg $35.16 (individual trades ranged $34.97–$35.46).
• Total shares sold: 70,000; total reported proceeds: ~$2.44 million.
• Reporting person: Bayview Legacy, LLC (identified as a 10% owner). K. Charles Janac, the manager of Bayview Legacy, LLC, separately filed a Form 4 reporting the same transactions and is deemed to have voting and dispositive power over these shares.
• Plan/authorization: Sales were made pursuant to a 10b5-1 trading plan adopted March 5, 2025 (pre-arranged trading plan).
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• These are routine sales by a large shareholder under a pre-set 10b5-1 plan. 10% owners are substantial holders (institutional/large stakeholder), and sales under 10b5-1 plans are typically pre-planned rather than ad hoc signals of management view.
• Because these are disposals (S), they generally carry less informational weight for bullish sentiment than insider purchases.