Bayview Legacy, LLC 4
4 · Arteris, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Arteris (AIP) 10% Owner Bayview Legacy (Mgr K. Charles Janac) Sells Shares
What Happened
Bayview Legacy, LLC (a 10% owner of Arteris, Inc.), managed by K. Charles Janac, sold a total of 181,338 Arteris (AIP) shares in open-market/private transactions on July 1, 2026, for aggregate proceeds of approximately $8.24 million. The sale breaks down as: 27,691 shares at a weighted avg $45.04 ($1,247,189); 63,562 shares at $44.06 ($2,800,580); 49,680 shares at $46.17 ($2,293,492); and 40,405 shares at $47.08 ($1,902,073). These disposals were reported as sales (code S) and were executed pursuant to a pre-established 10b5-1 trading plan.
Key Details
- Transaction date: July 1, 2026 (filed July 2, 2026 — timely Form 4 filing).
- Individual sale details and price ranges:
- 27,691 shares — weighted avg $45.04 (sold in multiple trades at $44.68–$45.67).
- 63,562 shares — weighted avg $44.06 (range $43.68–$44.67).
- 49,680 shares — weighted avg $46.17 (range $45.68–$46.67).
- 40,405 shares — weighted avg $47.08 (range $46.68–$47.63).
- Total sold: 181,338 shares for about $8.24 million.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Notable footnotes: sales made under a 10b5-1 plan adopted Dec 12, 2025; K. Charles Janac, as manager of Bayview Legacy, is deemed to have voting and dispositive power and filed a separate Form 4 reporting the same transactions. Reporting includes weighted-average prices and notes that shares were sold in multiple transactions at the stated ranges.
Context
These sales were executed by a 10% institutional owner under a 10b5-1 plan, which is a prearranged trading program that can result in routine, scheduled disposals and is not the same as an executive discretionary sale. Sales by large holders can reflect portfolio management or diversification rather than a view on company prospects; the filing does not disclose the holder’s motivation.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3][F4]2026-07-01$45.04/sh−27,691$1,247,189→ 8,901,380 total(indirect: See Footnote) - Sale
Common Stock
[F1][F2][F5]2026-07-01$44.06/sh−63,562$2,800,580→ 8,837,818 total(indirect: See Footnote) - Sale
Common Stock
[F1][F2][F6]2026-07-01$46.17/sh−49,680$2,293,492→ 8,788,138 total(indirect: See Footnote) - Sale
Common Stock
[F1][F2][F7]2026-07-01$47.08/sh−40,405$1,902,073→ 8,747,733 total(indirect: See Footnote)
Footnotes (7)
- [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 December 12, 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 $44.68 to $45.67 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 $43.68 to $44.67 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.
- [F6]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $45.68 to $46.67 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.
- [F7]The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $46.68 to $47.63 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.